Wall Street suffered losses as US lenders' health concerns dominated after PacWest Bancorp revealed plans to explore its strategic options, including a sale, leading to a plunge of 51% in its shares. Stocks of regional banks along with JPMorgan Chase and Wells Fargo & Co faced the heat.
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US stocks: Wall Street ends down as PacWest fuels fears of deeper bank crisis
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May 04, 2023
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