In a new filing with the US Securities and Exchange Commission (SEC) on Thursday , PacWest Bancorp revealed large new cash outflows in recent days from the bank it owns, Pacific Western Bank, but reaffirmed its ability to fund those withdrawals with available liquidity.
According to the filing, which was actually for the first financial quarter that ended on March 31, PacWest also noted it lost 9.5% of its share value in the week preceding May 5. The majority of those withdrawals, it said, came after media reports the company was “evaluat[ing] all options to maximize shareholder value” as part of the continued fallout of the collapse of Silicon Valley Bank earlier this year.
It also said in the filing that the Federal Reserve’s seizure and sale of First Republic Bank had “heightened market and customer fears of additional bank failures, including PacWest.”
The fear is palatable as First Republic, Silicon […]
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Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
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