PacWest Says Deposits Fell Nearly 10% Last Week

The transcript discusses a significant drop in bank deposits, fueled by a Bloomberg report and investor talks, causing customer concerns. It highlights the impact of market sentiment on PAC W, leading to deposit flight, and examines the regional banking system, noting Western Alliance's deposit increase. Jamie Dimon's involvement with regional bank CEOs indicates ongoing challenges, though not yet at a crisis point.

What recent trend has been observed in bank deposits according to the text?

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What factors are contributing to the concerns surrounding PAC W?

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What are the potential future concerns mentioned regarding the regional banking system?

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How has Western Alliance responded to the situation with PAC West?

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What did Jamie Dimon indicate about the current state of regional banks?

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