PacWest Bank Shares Sank 85%

PacWest tumbled 44% in late New York trading. The shares had slumped 28% on Tuesday as investors retreated from regional bank stocks following JPMorgan Chase & Co.’s deal on Monday for the failed First Republic Bank. PacWest has lost about 85% of its value since the beginning of March.

Sincerely

J.J. Portillo

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