Will PacWest $PACW (-80% YTD) be the next bank to fail soon?
The announcement that the bank's deposits are plummeting is behind today's another sharp decline. However, PacWest is trying to reassure the public that it is looking for ways to improve liquidity.
As a result, the bank still said it has $15 billion in immediate liquidity, well above its $5.2 billion in total uninsured deposits.
The numbers aren't that bad, I'd be more worried about a run on the bank and people starting to withdraw their money.
Based on the numbers, it looks more like it. I can't imagine now what she would have had to do to avoid it.
The graph is quite a roller coaster, as my colleagues write, it's pretty suggestive, what do you think?
they claimed that bloomberg when he mentioned that they were in trouble and they were down 53% in a day so PACW claimed that it was ok and nothing was wrong and lo and behold
I'd want some "stability" from the bank, and apparently that's not much of a threat here according to the chart... so we'll see :)
Well, the chart suggests that, but I don't have any more info here...