Monday, 27 March 2023

Business News

Western Alliance CEO highlights ‘cautious risk management’ – TipRanks Financial Blog

Kenneth Vecchione, President and CEO of Western Alliance Bank, said in a statement: “We have a long history of financial stability and responsible, cautious risk management. These sound fundamentals have served us well over the past week. We also note and appreciate the clear message the banking agencies, government officials and industry leaders have been communicating, expressing their continued confidence in the banking system, and stating their commitment to ensuring depositors at impacted institutions will be protected and will have access to their funds. This has certainly been a challenging few days for our industry and we appreciate our deep relationships with customers across the bank who continue to choose Western Alliance as their trusted banking resource.”

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