Western Alliance Bancorporation (WAL)

[MiamiGent]

WAL Bloomberg: Western Alliance Says ‘No Truth’ to Report of Deal Talks
by Max Reyes and Steve Dickson

https://stockcharts.com/h-sc/ui?s=WAL

Thu, May 4, 2023 The Financial Times reported Thursday that the Phoenix-based company has hired advisers to explore its options, citing two people familiar with the matter, adding that the bank’s deliberations were at an early stage and might not come to anything.

In a statement later in the morning, Western Alliance said it’s not exploring a sale nor has it hired an adviser to explore strategic options. The story “is categorically false in all respects. There is not a single element of the article that is true,” Western Alliance said, adding that it’s “considering all of our legal options in response to the story.”