Michael Burry Exits Alibaba, JD.com Stakes in Portfolio Overhaul
Michael Burry’s Scion Asset Management exited its stakes in Alibaba Group Holding Ltd. and JD.com Inc. in the
2023-08-15 04:23
Regional Banks Rally for Fifth Week as PacWest Merger Deal Quells Fears
Shares of US regional lenders notched their longest weekly streak of gains since March 2021, bolstered by a
2023-07-29 04:21
Bill Gross Selling Regional Bank Holdings After Making ‘Mucho Bucks’
Bill Gross said he’s selling most of his regional bank holdings, three months after buying stocks including Western
2023-07-27 02:00
Banc of California set to merge with rival PacWest
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.
2023-07-26 04:52
PacWest to Merge With Banc of California to Weather Upheaval
PacWest Bancorp is merging with smaller rival Banc of California as it seeks to navigate a bout of
2023-07-26 04:48
PacWest merges with Banc of California in all-stock deal
Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise
2023-07-26 04:17
Banc of California in talks to buy PacWest Bancorp - WSJ
Banc of California is in advanced talks to buy PacWest Bancorp, the Wall Street Journal reported on Tuesday,
2023-07-26 02:54
US Bank Stocks Post First Monthly Gain Since Regional Tumult
Bank stocks notched their first monthly gain since before the collapse of Silicon Valley Bank in March after
2023-07-01 05:20
PacWest Sells $3.5 Billion Asset-Backed Loan Pool to Ares
PacWest Bancorp sold a $3.5 billion asset-backed loan portfolio to Ares Management Corp., offloading more assets to boost
2023-06-26 20:16
Ares acquires $3.5 billion loan portfolio from PacWest
Private-equity firm Ares Management said on Monday it had acquired a $3.5 billion specialty finance loan portfolio from
2023-06-26 18:55
There’s More Trouble Coming for Regional Banks
The stock market is growing more sanguine about US regional banks, but the lenders still face serious pressure.
2023-06-11 04:26
PacWest Executives Were Trying to Start Over. Then SVB Failed
Even before a series of failures rattled regional banks across the US this year, one knew it needed
2023-05-26 20:19