Western Alliance is taking additional steps to ensure liquidity

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Western Alliance Bancorp Wall said Monday it has taken additional steps to ensure following last week’s failure of SVB Financial’s Silicon Valley Bank. “Western Alliance has taken additional steps to strengthen its liquidity position to ensure that can meet all of our customer needs, including increasing our lending capacity,” said Kenneth Vecchione, Chief Executive Officer of Western Alliance, in a filing to Securities & Exchange Board of India. We are in a position to meet the funding requirements. Exchange Commission Monday. “As of this morning, cash reserves have exceeded $25 billion and rising, while outflows have been moderate. Eligible accounts including…

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