California bank PacWest Corp in talks to get liquidity boost

16 March 2023, 12:00 am

1 min read

Reuters was first to report that PacWest Corp (PACW.O) is in talks about a liquidity boost with Atlas SP Partners and other investment firms in the latest case of a U.S. regional bank exploring such an option in the wake of Silicon Valley Bank’s failure. PacWest is considering a range of options to boost its coffers and there is no certainty that any deal will materialize.