PacWest Sells US$ 3.5 Billion in Loans
Posted on 06/27/2023
Regional banks may be making a comeback as PacWest shares were up today on the announcement that a US$ 3.5 billion portfolio is being sold to Ares Management. Banks have been pushing to increase their capital buffers, and will be potentially facing regulatory changes as the Silicon Valley Bank fallout continues. Banks are struggling under…
