Western Alliance Bancorporation Takes Decisive Action on LAM Trade Finance Loan
Western Alliance Bancorporation (DE) (WAL)
Last western alliance bancorporation (de) earnings: 4/16 04:26 pm
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Source: Business Wire
Complaint Filed this Morning, Initiating Legal Action to Collect Amount OwedCharging-Off Remaining LAM I Loan Balance of $126.4 MillionFinancial Impact Substantially Mitigated Through Realization of Securities Sale Gains & Expense Reductions PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (the “Company”) today announced that it has been informed by Jefferies Financial Group (“Jefferies”) that payments of $126.4 million owed to Western Alliance Bank (“Bank”) pursuant to a forbearance agreement will not be paid as agreed.Earlier this morning, the Bank and its Collateral Agent filed a Complaint in New York Supreme Court against Jefferies, Leucadia Asset Management LLC (“LAM”), and affiliates (collectively, “Defendants”) alleging breach of contract and fraud for Defendants’ conduct related to a commercial loan collateralized by accounts receivable purchased from First Brands Group.In September 2025, the Bank learned of failures by LAM’s servicer, including allowing UCC financ
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- Western Alliance Bancorporation (WAL) Discusses Loan Default by Counterparty and Legal Actions to Recover Losses Transcript [Seeking Alpha]Seeking Alpha
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- Western Alliance Bancorporation (WAL) had its "overweight" rating reaffirmed by Jefferies Financial Group Inc..MarketBeat
- Western Alliance Bancorporation Takes Decisive Action on LAM Trade Finance Loan [Yahoo! Finance]Yahoo! Finance
- How The Investment Story For Western Alliance Bancorporation (WAL) Is Shifting After Mixed Analyst Moves [Yahoo! Finance]Yahoo! Finance
WAL
Earnings
- 1/26/26 - Beat
WAL
Sec Filings
- 3/6/26 - Form 8-K
- 2/23/26 - Form 10-K
- 2/20/26 - Form 8-K
- WAL's page on the SEC website