Hints and tips:
...At OZK, CRE loans make up some 63 per cent of the bank’s earning assets. Repercussions from last year’s regional bank crisis continue to roil the sector....
...In January, a developer defaulted on a roughly $60mn loan from Bank OZK after construction costs escalated, the bank said....
...Arkansas-headquartered Bank OZK, which is heavily exposed to the sector, reported on Friday that it had raised loan provisions by 10 per cent in the first quarter....
...Bank OZK You want a bank that’s going to tell you how the US economy is doing? JPMorgan Chase, Bank of America and their ilk are too big, too diversified, and too global to give you much of a signal....
...Smart reads Levelling up A hitherto obscure lender, Little Rock’s Bank OZK, has become one of the most prolific lenders to Manhattan property developers....
...Bank OZK, a commercial real estate specialist, has been a target, with shorts now accounting for 9 per cent of the shares outstanding....
...Other banks that have fallen into line with the fluctuations in the curve include Zion Bancorp, Regions Bank, Bank OZK, and People’s United....
...This week the chairman and chief executive of Bank OZK confessed to losing $45m in the third quarter — six times the bank’s total net charge-offs after the Lehman crisis....
...“You do hear talk in the market that some banks have become really aggressive on some deals.” Bank OZK has quadrupled its assets since 2013....
...Bank OZK, a formerly high-flying Arkansas bank specialising in commercial real estate, took writedowns on two big loans....
...OZK: arrested development Lender’s strains carry echoes of the last financial crisis Lex: Chinese luxury spending: lux in flux Crackdown on unofficial imports is not all bad news for sector Lex: PayPal...
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