Pacific West’s share price experienced a new steep decline, falling by 45% on the New York Stock Exchange.

Other U.S. regional banks also plunged, including First Horizon, which fell 39%, and Western Alliance, which fell 19%.

Overall, Wall Street shows a picture of falling stocks.

A new decline is noted in international oil prices.

Brent barrel is estimated at 71.5 dollars.

Western Alliance is considering strategic options including selling some or all of its operations, two well-informed sources told the Financial Times.

The Arizona-based bank, which had $71 billion in assets at the end of March, has hired advisers to explore its options.

Consultations are at an early stage, the sources added.

The bank’s stock plunges 45%.

It is recalled that the Federal Bank (Fed) announced on Wednesday a new increase in interest rates, by 25 basis points, as inflation remains at high levels.

This was the tenth consecutive rate hike in the US, despite the recent banking crisis.

The key interest rate now stands at 5-5.25% and is at its highest level since 2006.

The Fed noted, however, that it will monitor the effects of these successive hikes on the real economy to decide whether or not there will be a need to continue this monetary policy to achieve its goal of reducing inflation to 2%.