Mohamed A. El-Erian
Mohamed A. El-Erian

@elerianm

2 تغريدة 2 قراءة May 14, 2023
Worth keeping an eye today on #PacWest as #markets react to its release of information on deposits (down almost 10% in a week) and planned strategic sales.
(For background:
ft.com )
#economy #banks #markets $PCW #pcw #banking #econtwitter
PacWest ended the trading session down over 20%, highlighting the urgent need to stabilize the name to avoid an intensifying chronic cycle of value destruction, higher funding costs, and larger capital needs. #banks #banking #economy #econtwitter $pacw #pacw #fintwit

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