Western Alliance Says Not Exploring Sale

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Western Alliance Not Exploring Sale

Stating that it was not exploring sale, the bank disputed the reports that said Western Alliance was exploring sale options. The statement said reports stating that the bank was exploring sale option was ‘absolutely false’. However, the bank now stands among the biggest losers among US regional banks, as the stock price dropped in reaction to a Financial Times report that said Western Alliance was looking for potential sale.

Since March 2023, U.S. regional banks like Silvergate, Silicon Valley Bank and First Republic Bank collapsed, leading to a domino effect in the US banking sector.

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