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: On July 10, 2023, regional bank stocks, including those of Zions Bank, experienced a decline, with Zions Bank's shares dropping 13% due to concerns over bad loans. This broader trend in the banking sector may influence the Federal Reserve's decisions on interest rates, as suggested by CNBC's Jim Cramer.
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