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Fly News Breaks for July 8, 2019
PACW
Jul 8, 2019 | 08:35 EDT
As previously reported, Raymond James analyst William Wallace downgraded PacWest Bancorp to Market Perform from Strong Buy. Wallace now expects the Fed to cut interest rates twice in 2019, which will drive NIM contraction, and said the departure of several members of the venture capital team will challenge balance sheet growth near-term due to increased competition.
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