US bank seeks buyer as crisis spreads

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The US regional banking sector is coming under renewed pressure amid a crisis in confidence. Trading in the California lender PacWest was briefly suspended as shares fell more than fifty percent, after its owners confirmed it had explored strategic asset sales. The White House has been holding a meeting with tech company bosses to discuss the risks of Artifical Intelligence. The vice president, Kamala Harris, told them they had a legal responsibility to ensure the safety of their products. The British singer-songwriter Ed Sheeran has won Thinking Out Loud copyright case. A New York court ruled today that Mr Sheeran did not copy Marvin Gaye's Let's Get It On when composing the track. (Picture: Pacific Western Bank logo is seen on a smartphone screen with a part of PacWest Bancorp logo in the background. Source: Getty Images)