Western Alliance Bancorp, headquartered in Phoenix, Arizona, offers various banking services through its subsidiary, Western Alliance Bank, and employs 3,260 staff. The company went public on June 30, 2005, and includes non-bank subsidiaries for insurance and trust services.
WAL has been in the news recently: Western Alliance Bancorp's shares fell 11% due to fraud allegations linked to First Brands and broader concerns in the banking sector. This decline occurred alongside significant drops in other regional banks, including Jefferies and Zions Bancorp, amidst fears of bad loans.
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