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Beverly Hills-based regional lender is valued at just $1bn — but at least its shareholders aren’t stuck with zero
Warburg Pincus and Centerbridge to invest $400mn in newly issued equity
Regional US lenders consider rebranding after being mistaken for companies caught up in recent turmoil
PacWest’s $3.5bn deal with Ares is latest after industry turmoil this spring
Use of ‘reciprocal’ accounts jumps as turmoil enveloped financial sector
Property investment group Kennedy-Wilson to snap up lender’s portfolio at a discount
California-based lender says outflows followed reports it was reviewing strategic options
And the (bad) shipping news
Not that much
Activist investor makes case for an increase on the $250,000 deposit insurance limit
It is surprising that financial investors have not become deeply involved in bank rescues
California lender is latest to seek financial lifeline amid worst industry crisis since 2008
California-based PacWest is nursing a 32% decline this week
PacWest and Western Alliance tumble amid broad sell-off of lenders
Lender is among handful of West Coast lenders under pressure after collapse of Silicon Valley Bank
First Republic leads sell-off despite Biden pledge to do ‘whatever is needed’ to prevent SVB contagion
Tie-up’s approval could pave way for further bank consolidation
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