PacWest Bancorp is set to merge with Banc of California in a $400 million equity deal, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter earnings results.

SAN FRANCISCO--(BUSINESS WIRE)--Jul 25, 2023--

The Banc of California has agreed to buy PacWest Bancorp in an all-stock transaction, bringing an end to months of speculation about whether PacWest could survive on its own after the failures of three other regional banks this spring

By Yuvraj Malik and Stephen Nellis (Reuters) -Microsoft on Tuesday surpassed Wall Street estimates for fourth-quarter revenue and profit as

Microsoft on Tuesday reported fiscal fourth-quarter profit of $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share

(Reuters) -RTX Corp will need up to 60 days to inspect and fix each GTF engine used on Airbus jets

Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise

OxyContin maker Purdue Pharma can start its transformation under a bankruptcy agreement that allows the members of the wealthy Sackler family who own the company to avoid civil lawsuits over the opioid crisis, a court has ruled

By Paul Lienert General Motors will begin assembling electric vehicle battery packs near its BrightDrop commercial van plant

SUNNYVALE, Calif.--(BUSINESS WIRE)--Jul 25, 2023--

By Maiya Keidan Private equity firms should stay consistent in deploying capital even when facing a more challenging

Holidaymakers evacuated from the Greek island of Rhodes arrive in Birmingham.