Western Alliance Bancorp. said it is weighing its legal options after the Financial Times published an article saying the Phoenix company is considering a sale.
The $50 billion-asset Western Alliance said in a press release that the article is “categorically false in all respects.” The company said it is not exploring a sale and has not hired an adviser to explore strategic options.
“It is shameful and irresponsible that the Financial Times has allowed itself to be used as an instrument of short sellers and as a conduit for spreading false narratives about a financially sound and profitable bank,” Western Alliance said in the release.
We are considering all of our legal options in response to today’s article.