PacWest shares are trading higher after Ares Management acquired the bank's $3.5 billion specialty finance loan portfolio.
Portfolio Pulse from Bill Haddad
PacWest shares are trading higher after Ares Management acquired the bank's $3.5 billion specialty finance loan portfolio.
June 26, 2023 | 11:58 am
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POSITIVE IMPACT
PacWest's stock price is trading higher after Ares Management acquired its $3.5 billion specialty finance loan portfolio.
The acquisition of PacWest's $3.5 billion specialty finance loan portfolio by Ares Management is a positive development for the bank, leading to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100