April 25, 2024 8:30 pm
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Phoenix-based bank sees largest single-day selloff in its history

By Jeff Gifford | Phoenix Business Journal

Phoenix-based Western Alliance Bancorporation (NYSE: WAL) sought to ease concerns about its status as its stock value tumbled along with that of several other banks amid fears sparked by the failures of Silicon Valley Bank and Signature Bank. 

On Wall Street, Western Alliance’s share price dropped by more than 84% in the morning, but it regained lost ground through the day Monday and ended up closing down 47.06%, at $26.12. Track the stock here. 

Read the full subscription story from the Phoenix Business Journal.

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