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Amgen is sued for concealing $10.7 billion tax bill from investors

Citadel discloses 5% stake in Western Alliance amid sell-off

WikiFX

| 2023-03-15

Abstract：(Reuters) – Kenneth Griffin‘s Citadel Advisors LLC disclosed a 5.3% stake in Western Alliance Bancorporation, aiming to buy into a dip in the regional lender’s shares amid a meltdown in financial stocks.

(Reuters) – Kenneth Griffin‘s Citadel Advisors LLC disclosed a 5.3% stake in Western Alliance Bancorporation, aiming to buy into a dip in the regional lender’s shares amid a meltdown in financial stocks.

The lenders shares were halted for trading shortly after markets opened on Tuesday.

The stock has been caught in a crippling sell-off of banks since last week when regulators shut down startup-focused bank SVB Financial Group that triggered worries of a contagion and rippled across financial markets.

Earlier on Tuesday, CNBC reported that Ron Baron said he “modestly increased” his position in broker Charles Schwab to take advantage of a double-digit sell-off.

(Reporting by Mehnaz Yasmin in Bengaluru; editing by Uttaresh Venkateshwaran)

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