Reuters/Mike Blake

Will another bank bite the dust? Pacwest seeks help

Another regional bank is reportedly considering a sale or other moves. Bloomberg reported Wednesday that PacWest Bancorp is mulling those options. The California-headquartered bank has not seen an official process for an auction kickoff so far, according to the report. The outlet attributed the information to unnamed sources “familiar with the matter.” Those sources reportedly […]


U.S. job market is cooling

The U.S. job market is showing signs of softening as rising interest rates and slowing economic growth begin to take their toll on hiring. Employers added 236,000 jobs in March, according to a report from the Labor Department Friday. That’s down from 326,000 jobs that were added the month before. The unemployment rate dipped to […]