US banking crisis looks far from over. Los Angeles-based bank holding company PacWest Bancorp is reportedly exploring strategic options, including a sale or capital raising, fuelling concerns about a possible collapse.
The Federal Deposit Insurance Corp had been expected to announce a deal on Sunday night, with the regulator likely to say at the same time that it had seized the lender, three sources previously told Reuters.
First Republic Bank Crisis, Latest News: California regulators seize First Republic Bank. JP Morgan Chase is taking over all deposits and most assets., Companies News, Times Now