4:14 PM · 4 May 2023

Western Alliance denies Financial Times article

Western Alliance (WAL.US) denied the Financial Times article, saying it is absolutely false. Recall that the Financial Times reported that Western Alliance is considering selling the business following the recent banking turmoil. Western Alliance not only rejected the FT report, but even went on to say that short sellers are using the media as a tool to spread false narratives about a strong and profitable bank, and that it will consider taking legal options against the publisher. Trading in the shares was halted for pending news before the rebuttal came out.

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