The lender has made headway in rebuilding deposits, boosting them 7.3% from the end of March after a flurry of withdrawals rocked midsize US banks. — Bloomberg
NEW YORK: Western Alliance Bancorp reels in more deposits in the second quarter – at a cost.
The bank’s interest expense jumped more than eight-fold to US$451mil (RM2.04bil) from a year earlier, and was up 25% from the first quarter, according to a statement.
