News: Holy Sh*t...Another Bank Is Crashing
Rebel Capitalist News
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Introduction
Bank of California in advanced talks to buy Pac West. Now, the initial thought here is well, usually when a business acquires another business, it's at a higher price and that makes the stock go up. But now this is making the stock of Pac West plummet. And I would say it's double not a good sign when your bank is being acquired. It just goes to show us that this banking crisis might not be over.
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