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PACW PacWest Bancorp
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About PacWest Bancorp Company
PacWest Bancorp is a bank holding company, which specializes in financial and banking solutions. It offers commercial banking services including real estate, construction, commercial loans, comprehensive deposit, and treasury management services to small and middle-market businesses through the Pacific Western Bank. The company was founded on October 22, 1999, and is headquartered in Beverly Hills, CA.
Revenue Breakdown
News
Bank of America stocks have been hit! Wall Street executives lash out at new capital regulations
Zhitong Finance learned that this week, at a solemn annual conference hosted by Barclays Group, senior banking industry executives took turns discussing a proposal to force them to hold more capital. In response, Wall Street executives are annoyed by the new regulations on capital requirements. Although this is not unusual, they rarely show this clearly.
Small banks in the US suffered the largest outflow of deposits since the Silicon Valley banking crisis, and capital inflows to the money market surged
Last week, total seasonally adjusted US bank deposits plummeted by 70 billion US dollars, to their lowest level since May. Last week, deposit outflows from large banks exceeded 50 billion US dollars, the highest level since July, and deposit outflows from small banks exceeded 15 billion US dollars, the largest level since March.
The US banking sector's earnings report for the second quarter was mixed: although profits increased year-on-year, deposits declined slightly
After experiencing early turmoil in 2023, the US Federal Deposit Insurance Corporation (FDIC), one of the top regulators of the US banking sector, released a mixed second-quarter banking earnings report.