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PacWest tried to reassure markets following Wednesday's 55% plunge in the stock. 'The bank has not experienced out-of-the-ordinary deposit flows following the sale of First Republic Bank and other news,' it said in a statement.
PacWest says deposits are rising and that it's in ongoing discussions with partners and investors, First Horizon's merger deal with TB Bank is mutually terminated, Arconic will be bought by Apollo Global Management, and Paramount slashes its dividend.
PacWest said its deposits were rising. First Horizon and Toronto-Dominion mutually terminated their nearly 18-month deal.
PacWest said its deposits were rising. First Horizon and Toronto-Dominion mutually terminated their nearly 18-month deal.
Eli Lilly rises after announcing positive results from a Phase 3 trial of its Alzheimer's drug, Estee Lauder slides after cutting its sales outlook, and Livent gains after an earnings beat.