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May 5, 2023

Shares of PacWest and Western Alliance Fall Amid Fears of More Regional Bank Failures
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Wall Street regulators halted trading in shares of Pac West and Western
Alliance on Thursday after stock prices for the regional banks fell
dramatically. The plunge raised new fears about the health of the U.S.
banking sector, following the collapse of Silicon Valley Bank and
Signature Bank in March, and just days after JPMorgan Chase purchased
First Republic in a fire sale after it became the second-largest bank to
fail in U.S. history.


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