The Federal Reserve has warned banks to be more conservative in their lending practices following the failure of three of the nation’s 30 largest banks in the last two months. Jerome Powell raised interest rates by 0.25% to a target range between 5.00% and 5.25%. PacWest Bancorp, a $44 billion bank, is now considering its strategic options, including a possible sale, a breakup, or trying to raise capital.
