East West Bancorp says ‘liquidity is strong’, but stock suffers biggest selloff since financial crisis

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East West Bancorp Inc. Shares of EWBC plunged 23.2% in early Monday trading, prompting the Pasadena, California-based bank to repossess its “capital and balances,” in their second biggest one-day selloff in the wake of recent bank failures. Inspired to sheet strength. The stock, which has now sunk 33.9% in three days since SVB Financial Group’s SIVB troubles became public, was headed for its lowest close since December 2020. in the midst of the financial crisis. “In light of recent industry events and market volatility, reiterate that East West Bank’s business …

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