PacWest Bancorp Lost 20% of Customer Deposits, Raises $1.4 Billion Cash
PacWest Bancorp raised $1.4 billion in cash from Atlas SP Partners and borrowed heavily from the Fed to shore up liquidity after losing almost 20% of customer deposits.
PacWest Bancorp raised $1.4 billion in cash from Atlas SP Partners and borrowed heavily from the Fed to shore up liquidity after losing almost 20% of customer deposits.
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