Benzinga
  • last year
Regional banks PacWest Bancorp ($PACW@US) and Western Alliance ($WAL@US) suffered heavy losses on their shares on Thursday amid ongoing talks with partners and investors, indicating the banking crisis is still ongoing. PacWest Bancorp shares fell more than 50 percent to close at $3.17, while Western Alliance saw its shares tumble over 38 percent. Both banks said their deposit totals remained robust. Three regional banks have failed in the past seven weeks, among the most prominent victims of the Fed's rapid interest rate increases, which continued Wednesday. Investors re-evaluate the risks associated with their money as the Federal Reserve pursues interest rate increases.

Recommended

0:41
I
Up next
Powell Says Banks Are Strong, Could Slow the Economy
Benzinga
0:45
US Banks Struggle as Higher Deposit Rates Impact Profitability
Benzinga
0:31
First Republic Bank's Crisis Highlights Risks for Regional Bank ETFs
Benzinga
0:38
Investors Place Record Bets on Regional Bank ETF
Benzinga
0:51
JPMorgan, BOfA And Other US Banks Reportedly Reap $1 Trillion Windfall From Fed's High Interest Rates
Benzinga
1:57
The RBA has hiked the cash rate again. Here's how the banks have responded
ABC NEWS (Australia)
2:59
Federal Reserve Raises Interest Rates by a Quarter of a Percentage Point
TIME
1:31
Federal Reserve Announces Pause On Rate Hikes Amid Easing Inflation
Wibbitz Top Stories
0:34
Investors Are Flocking To These Stocks As The Fed Makes Its Soft Landing
Benzinga
0:45
Banking ETFs Become Unstable Amid Banking Crisis
Benzinga
2:14
The Fed's Latest Interest Rate Hike Could Set Off a 'Domino Effect' in Regional Bank Failures
TIME
0:30
Fed Raises Interest Rates
Benzinga
0:44
U.S. Treasury Yields Jump After Fed Announces Interest Rate Cut
Benzinga
4:23
Reserve Bank keeps interest rates on hold in December meeting
ABC NEWS (Australia)
0:42
Investors Betting On 50 Basis Point Rate Cut: Expert Says Market Pressure Could Sway Fed's Decision
Benzinga
1:01
NatWest becomes latest high street bank to report lower profits
Yorkshire Post
3:35
Reserve Bank increases interest rates by 0.25% to 3.6%
ABC NEWS (Australia)
1:58
US Fed pauses rate hikes, but warns inflation risks persist
The Star
0:40
European Stocks Rally After Swiss National Bank Cuts Interest Rates. US, Germany, and Britain See Increase in Bond Yields.
Benzinga
0:42
Dow Plunges 1,100 Points as Fed Lowers Interest Rate Cut Outlook. Fed’s Powell Cites Uncertainty in Slower Rate Cut Pace.
Benzinga
1:31
Mortgage Rates Continue to Fall, Raising Hopes of the Fed Cutting Rates
Wibbitz Top Stories
1:48
The Aussie dollar responds to the reserve bank holding interest rates
ABC NEWS (Australia)
1:54
Reserve Bank keeps rates on hold for the seventh straight time
ABC NEWS (Australia)
1:02
Global Stocks Pressured After Fed Statement
Wibbitz Top Stories
0:58
Goldman Sachs Revenue Down 8%
Benzinga