News: Holy Sh*t...Another Bank Is Crashing
Rebel Capitalist News
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The Breaking Bank of Columbia Stock Is Down 27%
Rumors emerged that Bank of Columbia will be acquiring Pac West ticker PACW. A deal could be announced as soon as Tuesday when both banks are scheduled to report results. The failure of the three lenders this spring with the Beverly Hills, California bank be set by deposit outflows. So it looks like they mismanaged the liability side of their balance sheet just in a very similar way to Silicon Valley bank.
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