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Western Alliance Crashed Nearly 20% and Tumbled Nearly 45% in 3 Days After the SVB Crisis

Tiger Newspress2023-03-13

Western Alliance reported total deposits of $61.5 billion and warned of a moderate decline from these levels by the end of the quarter due to seasonal and monthly activity, but affirmed its full-year deposit growth forecast of 13% to 17%.

It held $2.5 billion cash on its balance sheet while held-to-maturity securities made up less than 2% of assets with unrecognized loss of $192 million as of Feb. 28.

Stocks crashed nearly 20% and tumbled nearly 45% in 3 days.

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Comment5

  • JasmineT
    ·2023-03-13
    Ok
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  • neo26000
    ·2023-03-13
    Black Monday bank sales comes early this year. Go and pick  good ones at a discount [Cool] 
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  • Slowdownpok
    ·2023-03-13
    As long as assets > liabilities; should be good buy at this point of time. 
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  • Simonnov
    ·2023-03-13
    Ic
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  • Andrewinho
    ·2023-03-13
    Run run run!! 😱😱😱
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