Western Alliance Bank Another One To Go

After shares in Western Alliance had fallen 45% in volatile trading before being halted, Western Alliance Bank has become another one to go, as three U.S. regional banks have failed in the last two months.

Western Alliance WAL.N is exploring strategic options including a potential sale of all or part of its business, the Financial Times reported on Thursday citing two people briefed on the matter.

The Arizona-based bank has hired advisers to explore its options, the report added...

Subscribe to view this content.

 
Do you have a tip or sensitive material to share with GGI? Are you a journalist, researcher or independent blogger and want to write for us? You can reach us at [email protected].