Western Alliance shares see wild swings as the bank denies report of possible sale that sparked 62% plunge

• Western Alliance Bank plunged as much as 62% on Thursday after the FT reported that the bank was exploring a potential sale.
• Western Alliance denied the report and said no sale was under consideration, helping the stock pare its losses to 32%.
• Regional banks have been embroiled in an ongoing crisis after the collapse of Silicon Valley Bank, Signature Bank, and First Republic Bank.

Western Alliance Bank stock plunged as much as 62% after the Financial Times reported that the company was exploring a potential sale amid the ongoing regional banking crisis.