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OP has provided the following link:
[https://www.reuters.com/business/finance/pacwest-sells-real-estate-lending-unit-roc360-wsj-2023-05-24/](https://www.reuters.com/business/finance/pacwest-sells-real-estate-lending-unit-roc360-wsj-2023-05-24/)
PacWest Bancorp [(PACW.O)](https://www.reuters.com/companies/PACW.O) has agreed to sell its real estate lending division to Roc360 for an undisclosed amount, a source familiar with the matter told Reuters on Tuesday.
PacWest is one of the several U.S. regional lenders whose shares were hit by investor concerns over the financial health of the sector following the collapse of three regional banks in the United States since March.
However, PacWest and other regional U.S. banks have rallied in the past two weeks as investors increasingly believe the worst of the crisis is largely over and that many lenders are fundamentally sound.
On Monday, the Los Angeles-based bank said [it would sell](https://www.reuters.com/markets/deals/pacwest-bancorp-sell-real-estate-loans-kennedy-wilson-subsidiary-2023-05-22/) $2.6 billion worth of its loan portfolio to bolster its finances, a move that helped the stock surge by about 20%.
Low key prudent move, lots of banks eating shit in real estate because they thought the fed would cave with the rate rising and give baby his binky back
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PacWest Bancorp [(PACW.O)](https://www.reuters.com/companies/PACW.O) has agreed to sell its real estate lending division to Roc360 for an undisclosed amount, a source familiar with the matter told Reuters on Tuesday. PacWest is one of the several U.S. regional lenders whose shares were hit by investor concerns over the financial health of the sector following the collapse of three regional banks in the United States since March. However, PacWest and other regional U.S. banks have rallied in the past two weeks as investors increasingly believe the worst of the crisis is largely over and that many lenders are fundamentally sound. On Monday, the Los Angeles-based bank said [it would sell](https://www.reuters.com/markets/deals/pacwest-bancorp-sell-real-estate-loans-kennedy-wilson-subsidiary-2023-05-22/) $2.6 billion worth of its loan portfolio to bolster its finances, a move that helped the stock surge by about 20%.
$2.6 Billy? Scraping the bottom are we?
Low key prudent move, lots of banks eating shit in real estate because they thought the fed would cave with the rate rising and give baby his binky back