/cloudfront-us-east-2.images.arcpublishing.com/reuters/RUYWPG35TVOOVMXYBDPJFPE4S4.jpg "PacWest shares extend gains on .6 bln real estate loan sale")
May 23 (Reuters) – PacWest Bancorp’s (PACW.O) shares rose nearly 13%, extending gains from the previous session driven mostly by news that the lender would sell $2.6 billion worth of its loan portfolio to bolster its finances. The stock was trading up at $7.06 on Tuesday, helping to lift the shares of other regional lenders … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/B54IQXHT75O3DM4DS7DXNAS6HI.jpg "PacWest shares jump after .6 bln real estate loan sale")
May 22 (Reuters) – Shares of PacWest Bancorp (PACW.O) jumped on Monday after the troubled regional lender announced that it had agreed to sell $2.6 billion worth of real estate construction loans at a discount in a bid to improve its balance sheet. PacWest’s stock rose nearly 20% on the deal, giving the Los Angeles-based … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/SUSX7O5CCBOHFMQRPO26DGBR5E.jpg "Sen. Warren seeks details on ‘troubling’ sale of First Republic to JPMorgan")
WASHINGTON, May 18 (Reuters) – U.S. Senator Elizabeth Warren is questioning federal bank regulators on their decision to sell First Republic Bank to the nation’s largest bank, JP Morgan Chase. In a letter sent to the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation Wednesday, Warren said the deal was “deeply … [Read more…]