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Westpac U.S. Bank has been considering several strategic options, including selling itself, people familiar with the matter said. The bank has been working with a financial advisory firm and is already considering a spin-off or capital raising. While open to a sale, the bank has yet to launch a formal tender process. Sources said the sale was not going smoothly because there were not many potential buyers interested in buying the entire bank, which includes a community bank called Pacific Western Bank and some commercial and consumer lending businesses. Potential buyers may also be required to take a large impairment loss on the loan. According to its official website, Westpac Bank has approximately 70 branches (mainly in California) and approximately US$44 billion in assets. After the news was announced, the bank's U.S. stocks fell nearly 60% after hours. #币安sensei

Westpac U.S. Bank has been considering several strategic options, including selling itself, people familiar with the matter said. The bank has been working with a financial advisory firm and is already considering a spin-off or capital raising. While open to a sale, the bank has yet to launch a formal tender process. Sources said the sale was not going smoothly because there were not many potential buyers interested in buying the entire bank, which includes a community bank called Pacific Western Bank and some commercial and consumer lending businesses. Potential buyers may also be required to take a large impairment loss on the loan. According to its official website, Westpac Bank has approximately 70 branches (mainly in California) and approximately US$44 billion in assets. After the news was announced, the bank's U.S. stocks fell nearly 60% after hours. #币安sensei

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