Banking

Americans get poorer as expenses surge

Americans are living paycheck to paycheck as inflation and rising taxes are making it harder to sock away cash for emergencies, according to a new survey.

PacWest sells loan portfolio for over $3.5B

PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.