{"id":7522,"date":"2023-05-11T20:45:13","date_gmt":"2023-05-12T00:45:13","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/western-alliance-bancorp-says-its-deposits-remain-stable-but-stock-still-falls\/"},"modified":"2023-05-11T20:45:14","modified_gmt":"2023-05-12T00:45:14","slug":"western-alliance-bancorp-says-its-deposits-remain-stable-but-stock-still-falls","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=7522","title":{"rendered":"Western Alliance Bancorp says its deposits remain stable but stock still falls"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002041624\" role=\"document\">\n<p>Western Alliance Bancorp<br \/>\n        WAL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206020866\/composite\" class=\"negative\">-0.77%<\/bg-quote><br \/>\n       said Thursday its deposits have remained stable. The bank reported total deposits of $49.4 billion as of Tuesday, with quarter-to-date deposit growth of $1.8 billion from $47.6 billion as of March 31 and higher by about $600 million from $48.8 billion as of May 2.  Insured deposits were approximately 79% of total deposits as of Tuesday, May 9, compared to 68% as of March 31. \u201cReadily available liquidity is approximately double the amount of uninsured deposits as of May 9,\u201d the company said. \u201cThe increase in deposits amidst heightened market volatility and challenges at competitors exemplifies the strength and resilience of the bank and its customer relationships.\u201d Western Alliance Bancorp stock is down 4.7% in premarket trades.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/western-alliance-bancorp-says-its-deposits-remain-stable-but-stock-still-falls-ac3ce1fb?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Western Alliance Bancorp WAL, -0.77% said Thursday its deposits have remained stable. The bank reported total deposits of $49.4 billion as of Tuesday, with quarter-to-date deposit growth of $1.8 billion from $47.6 billion as of March 31 and higher by about $600 million from $48.8 billion as of May 2. Insured deposits were approximately 79% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-7522","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Western Alliance Bancorp says its deposits remain stable but stock still falls | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Western Alliance Bancorp WAL, -0.77% said Thursday its deposits have remained stable. The bank reported total deposits of $49.4 billion as of Tuesday,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=7522\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Western Alliance Bancorp says its deposits remain stable but stock still falls | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Western Alliance Bancorp WAL, -0.77% said Thursday its deposits have remained stable. 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