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IPFS News Link • Stock Market

Western Alliance Bancorp's deposits fall 11% on U.S. banking crisis fallout

• Reuters

The stock slumped as much as 19% earlier Wednesday after the company gave a preliminary first-quarter update on Tuesday without disclosing its deposits, which are central to investor concerns after last month's banking crisis.

The announcement on deposits helped the company's stock regain some lost ground before it slid again late Wednesday. Shares closed 12% lower at $29.37.

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