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PACW - PacWest Bancorp News Story

$45.75 1.9  4.3%

Last Trade - 14/05/21

Sector
Financials
Size
Large Cap
Market Cap £3.79bn
Enterprise Value £4.01bn
Revenue £842.7m
Position in Universe 1337th / 6846

BRIEF-Pacwest Bancorp Says Have Not Yet Seen Any Material Impacts To Clients/Borrowers Due To Coronavirus

Mon 16th March, 2020 1:00pm
March 16 (Reuters) - PacWest Bancorp  PACW.O :
    * PACWEST BANCORP - HAVE NOT YET SEEN ANY MATERIAL IMPACTS
TO
CLIENTS/BORROWERS DUE TO CORONAVRUS
    * PACWEST BANCORP - OUR HOTEL BORROWERS DID NOT APPEAR TO
EXPERIENCE A REDUCTION IN DEMAND THROUGH FEB DUE TO CORONAVIRUS
    * PACWEST BANCORP - IN MARCH, SOME BORROWERS BEGAN TO NOTE
CANCELLATIONS BELIEVED TO BE COVID - 19 RELATED
    * PACWEST BANCORP - HOTEL CONSTRUCTION BORROWERS HAVE NOT
YET SEEN
DELAYS IN MATERIALS OR LABOR SHORTAGES AS A RESULT OF COVID - 19

Source: (http://bit.ly/2Wi4ln9)
Further company coverage:  PACW.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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