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The regional bank of the United States Western Alliance emphasizes that there is no abnormal deposit outflow Remove concerns | Reuters

Western Alliance Bancorp said Wednesday it had seen no unusual deposit outflows since the failed sale of First Republic Bank to JPMorgan Chase & Co., easing investor concerns. FILE PHOTO: The New York Stock Exchange in March, 2023. REUTERS/Brendan McDermid

[3日 ロイター] – Regional U.S. bank Western Alliance Bancorp said Monday it had not experienced any unusual deposit outflows since the sale of bankrupt First Republic Bank to JPMorgan Chase & Co., easing investor concerns. .

Bank deposits were $48.8 billion as of Thursday, up from $48.2 billion the day before. More than 74% of deposits were covered by the protection scheme on Wednesday, he said.

Western Alliance shares also plunged in after-hours trading as Pacwest Bancorp reportedly weighed strategic options, including a sale and capital increase.

Western Alliance said it made an announcement today to reaffirm its guidance on financial health and deposit growth following recent developments in the industry.

About 88% of the top 20 deposits are covered by the protection system, and for non-covered deposits, the liquidity coverage ratio based on balance sheet liquidity and borrowing amount is set at around 165%.

Western Alliance has over $65 billion in assets.