PacWest said deposits fell in the week of May 5 following reports it was exploring strategic options, including a sale.
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U.S. regulators have released inspection reports of Chinese auditors. They found "unacceptable rates" of deficiencies in the audit process.
"News headlines increased our customers fears of the safety of their deposits," PacWest said in an SEC filing.
Major market averages tilted to the downside on Thursday morning as investors received more data on wholesale inflation. Early on and the Dow (DJI) fell 0.6%, the S&P 500 (SP500) declined by 0.3%,
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As the debt ceiling looms over Washington, the government could run out of cash to pay Social Security, food stamps and more. How it could affect you.
Shares of Airbnb tumbled Wednesday, a day after the company released its first-quarter report that offered a cautious outlook for the current quarter.