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...New York Community Bancorp and its chief risk officer parted ways shortly before the regional US lender reported larger than expected losses from real estate lending that hammered the bank’s stock....
...“You have a buyer community saying, ‘Wait a minute, interest rates are much higher....
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
...Shares of New York Community Bancorp plunged on Wednesday after the lender that bought failed Signature Bank in the middle of last year’s regional banking turmoil cut its dividend to boost its capital and...
...A top US bank regulator is proposing new limits on big bank mergers, in the wake of the failure of Silicon Valley Bank and two other banks last year, and the recent market turmoil around New York Community...
...New York Community Bank will raise more than $1bn in a deal led by the investment firm of former US Treasury secretary Steven Mnuchin, in an effort to shore up its finances and calm fears after weeks of...
...While community banks mostly rely on deposits insured by the FDIC, regional banks’ business clients maintain significant levels of uninsured deposits....
...Most bank mergers need approval from all three of the US federal bank regulators: the FDIC, the Federal Reserve and the Office of the Comptroller of the Currency....
...It is the same reason why farmers often prefer to bank with their local community banks....
...fall, to $38bn, was the biggest year-on-year drop in quarterly profits since the second quarter of 2020, according to BankRegData, a data provider that collates quarterly reports made by lenders to the Federal...
...(Ethan Wu) New York Community Bancorp There is never a single cockroach, and there is never — or very rarely — a single troubled bank....
...And here’s what else I’m keeping tabs on today: Federal Reserve: The Fed will release its Beige Book on the economic conditions of its 12 central bank districts....
...Some banks are stressed too: the New York Community Bank was recently forced into an emergency $1bn capital raise due to CRE losses, and this week the Klaros Group warned that more than 250 small banks out...
...US stocks rose on Wednesday afternoon after Federal Reserve chair Jay Powell said he did not expect the central bank to increase interest rates again, but said there was more progress that needed to be made...
...Corporate America has been happy to spotlight the capital commitments it has made to the Black community since 2020....
...US stocks rose on Wednesday afternoon after Federal Reserve chair Jay Powell toed a careful line in his semi-annual testimony to Congress, saying he did not expect the central bank to increase interest rates...
...Mnunchin on Wednesday led a deal to pump more than $1bn into New York Community Bancorp to rescue the US regional lender that quickly fell into financial trouble after acquiring Signature Bank from the Federal...
...(Only this month New York Community Bank needed an emergency capital infusion.)...
...Michael Barr, who oversees bank supervision at the US Federal Reserve, said on Friday that regulators “have been closely focused on banks’ CRE lending”, including “how they are reporting their risk” internally...
...Regional US lender New York Community Bancorp on Wednesday revealed it had taken large losses on loans tied to commercial property, while Japan’s Aozora Bank and Deutsche Bank on Thursday warned about the...
...Last week the US Federal Housing Finance Agency presented its report on the future of the Federal Home Loan Banks....
...Analysis: How Donald Trump’s former Treasury secretary threw New York Community Bank a lifeline. 4....
...Adding to the market jitters ahead of the Fed announcement was a 35 per cent drop in the shares of New York Community Bank after it reported an unexpected loss in the fourth quarter and said it would cut...
...They say the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency have exceeded their remit and could diminish the competitiveness of US banks by unilaterally...
...On Wednesday, New York Community Bancorp on Wednesday reported it had taken losses on commercial property loans, which rekindled fears about weakness in US regional banks....
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