Hints and tips:
...Moody’s has cut New York Community Bancorp’s credit rating to junk, citing “high governance risks” and the potential for commercial real estate losses to create “confidence sensitivity”....
...One thing to start: New York Community Bancorp has replaced its chief executive and identified “material weaknesses” in internal controls, amid worries about the US regional lender’s exposure to the commercial...
Warburg Pincus and Centerbridge to invest $400mn in newly issued equity
...“Our challenge is going to be how do we get the cadence [of production and launch] up.”...
...His wire fraud prevention business, which raised $12.5mn last May, banked with PacWest Bancorp and scrambled on Friday to move four months of payroll into a regional bank where it had kept a little-used...
...Despite the tell-tale signs of a machine hard at work in unfamiliar terrain — “the efficacious tweets”, “the bereft” — the cadence and the gloom are both passably Eliotian....
...Israël said that on the back of the Amazon contract Arianespace would consider increasing the cadence of Ariane 6 launches....
...Choosing an ETF’s primary listing venue and lead market maker are often linked, says Michael Castino, senior vice-president in ETF business development in US Bancorp Fund Services....
...Bank of Oklahoma parent BOK Financial and Houston-based Cadence Bancorp are down 40 per cent and 60 per cent respectively since late February....
...There was “unmitigated selling if you have Texas in your name or energy in your portfolio”, said Piper Sandler analyst Brad Milsaps, as smaller banks such as Cadence Bancorp, Cullen/Frost Bankers, Texas...
...Mr Hill, who started Metro Bank in the UK and Commerce Bancorp in the US, became chair of Petplan in 2008 after investing in the company....
...On Wednesday shares of Houston-based Cadence Bancorp sank 12.4 per cent after it disclosed big charge-offs including $5.3m related to an energy borrower....
...Mr Hill left a previous role as president of US group Commerce Bancorp after similar concerns in 2007....
...The payments were all the more noteworthy because Mr Hill parted ways with the previous bank he had founded, Commerce Bancorp in the US, in 2007, after American regulators investigated very similar payments...
...At Edward Jones, Ms Stemm is recommending clients ride out the turmoil by switching big global universal banks for steadier, US-focused lenders such as Wells Fargo and US Bancorp....
...Two banks –Wilshire Bancorp and MainSource Financial Group – were allowed to buy back at a discount preferred stock acquired by the Treasury under Tarp....
...Here’s US Bancorp’s announcement, and the WSJ also reports that Bank of America passed....
...Regional bank stocks also surged, with Fifth Third Bancorp up 8.6 per cent to $10.64 and Zions Bancorp up 7.8 per cent to $10.64. “It’s good to see a bounce in stocks....
...New Jersey lender Hudson City Bancorp fell 1.9 per cent to $7.12 as Brian Foran at Nomura said the bank’s lending margin could fall by another 60 basis points as existing loans are repaid and new funds...
...Investors paid little heed, with Regions Financial up 3.8 per cent to $4.70 and Zions Bancorp up 1.6 per cent to $18.17....
...Zions Bancorp added 1 per cent to $21.29 and Regions Financial rose 0.3 per cent to $6.08. Deals were also in focus....
...What is a “strict arithmetic cadence”? – as there is more. “Move your cheese!!!! …The earth is turning on its axis. Planets and moons and suns are in orbit....
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