PacWest Stocks Soar 12% Before Market Opens: Lender Announces Major Dividend Cut!
PacWest Bancorp shares experienced a 12% increase in pre-market trading following the lender’s announcement that it would be reducing its dividend. This comes after the company suffered a 75% decline in shares this year, with various factors contributing to its recent volatility. The decision to reduce the dividend can be attributed to growing economic uncertainty, […]
Lazard Slashes 340 Jobs in Massive 10% Workforce Cut, Announces Surprising Loss
As investment banks continue to face headwinds and global economic uncertainty, Lazard Ltd. has announced plans to reduce its workforce by 10% in a bid to contain costs. This means the bank will cut around 340 jobs from its disclosed total employment of 3,402 workers as of December 31. Lazard’s cost-cutting initiatives come on the […]