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PacWest Investor Says Bank Understated Rate Hike Exposure

By Henrik Nilsson ( September 12, 2023, 7:03 PM EDT) -- PacWest Bancorp was hit with a proposed class action by an investor who alleges that the California regional bank understated its exposure to rising interest rates and ignored warning signs posed by the collapse of Silicon Valley Bank this spring, causing its stocks to plummet....

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