First Republic Bank is the west coast bank that U.S. Treasury Secretary, Janet Yellen, and Jamie Dimon, Chairman and CEO of JPMorgan Chase, set out to “rescue” in mid-March with the dumb idea of putting $30 billion more of uninsured deposits from the mega banks on ...
This is not some abstract theory. The newest target of the short sellers is PacWest Bancorp (ticker PACW).According to S&P Global Market Intelligence, as of March 31, 20.6 percent of PacWest’s shares outstanding were sold short, making it the t...