Good morning to yet another day of the bank crisis. Phil Rosen here — can you believe it's been almost two months since Silicon Valley Bank collapsed?
But here we are still talking about which banks could be next to fall.
Yesterday, shares of both Western Alliance and PacWest banks saw steep sell-offs, and the former endured wild swings after the bank denied a report that it was exploring a sale.
On the day, Western Alliance dropped as much as 62% before cutting those losses in half by the close of Thursday trading.