PacWest Bancorp Stock News

With an aim to strengthen its balance sheet position and focus on core banking operations, PacWest (PACW) sells $3.54B loan portfolio to Ares Management (ARES).

Barclays has taken part in an asset purchase of one of the banks stricken by the US regional banking crisis in March. PacWest Bancorp has sold a US$3.54bn loan portfolio asset manager Ares Management

Yahoo Finance anchors Seana Smith, Akiko Fujita and Josh Schafer break down the trending tickers for June 26, 2023. Carnival Corporation shares closed lower despite reporting second quarter earnings t

PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.

PacWest Bancorp sold a $3.5 billion asset-backed loan portfolio to Ares Management Corp., the latest example of a bank seeking to improve liquidity by selling assets to private investment firms. Blo

PacWest shares gained close to 7% in early trading on Monday after announcing it would sell a $3.5 billion loan portfolio to Ares Management.

PacWest Bancorp (NASDAQ: PACW) is in focus this morning after Ares Management Corp agreed to buy its specialty finance portfolio. What's in it for Ares Management?

The sale will help improve the bank's capital and liquidity position. PacWest has been one of the most volatile and sold-off bank stocks since the banking crisis earlier this year.

A fresh cash infusion from the sale of loans by hard-hit bank stock PacWest Bancorp lifted the financial sector on Monday.

PacWest (NASDAQ: PACW ) stock is up about 5% today after the company sold a $3.5 billion loan portfolio to Ares Capital (NASDAQ: ARCC ). Shares of ARCC stock are also slightly up on the news.

PacWest Bancorp shares jumped Monday morning after the regional bank announced plans to sell a $3.54 billion lender finance loan portfolio to Ares Management. The liquidity boosting move earned PacWes

Shares of the bank were hammered earlier in the year amid the turmoil among regional banks triggered by the collapse of Silicon Valley Bank.

PacWest Bancorp PACW, +0.56% said Monday it agreed to sell a lender finance loan portfolio to Ares Management Corp. ARES, -2.37% in a deal expected to provide $2 billion before transaction costs for t

Private-equity firm Ares Management said on Monday it had acquired a $3.5 billion specialty finance loan portfolio from PacWest Bancorp.

PacWest Bancorp: Sacrificing Most Of Its Income To Improve Stability