Hints and tips:
Related Special Reports
...An attempt by CMB to stop the case going ahead was dismissed by a California judge at the end of March....
...Atlas SP has originated $24bn in debts since its creation, including a $1bn loan to PacWest, the California regional bank that suffered a sharp drop in deposits in early 2023....
...According to the 2023 Direct to Consumer Wine Survey by the Silicon Valley Bank, the average cost of a “reserve tasting” in Napa Valley was $128....
...So what can this tell us about other banks? The analysts find that bonds of Comerica, Zions Bancorporation and Huntington Bancshares trade cheap, with Huntington posing the “lowest CRE risk”....
...The bottom lines at Comerica, based in Dallas, Texas, Zions Bank, based in Salt Lake City, Utah, and PNC in Pittsburgh, Pennsylvania, fell roughly 90 per cent, 55 per cent and 40 per cent, respectively....
...Like Regions, Comerica lowered its outlook for interest income for the rest of the year. Comerica’s shares were down just over 6 per cent....
...Here for example is interest income and interest expense, and the sum of the two, net interest income, at Comerica: Net interest income at Comerica has fallen in recent quarters as deposit costs have caught...
...Ohtani, who is from Japan and did not speak English, had no knowledge Mizuhara was accessing his bank accounts to cover gambling losses, the US attorney’s office in California said....
...Note in from Bank of America: the West is in decline. Specifically, the American West is in decline....
...The Paris-based lender reported net profits of €3.1bn for the quarter, down 30 per cent from a year earlier, when it booked a €3bn capital gain on its sale of California-based Bank of the West....
...Just 14 per cent of the bank’s securities were pledged a year ago. Comerica’s stock has rebounded 65 per cent from its early May low to just over $50 a share....
...It remains prohibited in California....
...He has also held senior international positions with AIG Financial Products and Morgan Stanley, as well as assignments with the International Monetary Fund and the Reserve Bank of New Zealand....
...He has also held roles at AIG Financial Products, Morgan Stanley, the IMF and the Reserve Bank of New Zealand....
...Pranab BardhanDistinguished Professor Emeritus of Economics, University of California Berkeley, CA, US...
...PacWest, Western Alliance, Comerica and Zions Bancorp were among the US regional lenders swept up in a fresh round of sell-offs Tuesday....
...“California is disrupting the drug industry,” Newsom said yesterday....
...Ranchers from New York state to California have been some of the projects’ first beneficiaries....
...Big banks are bracing for a sweeping new climate law in California that would for the first time force them to calculate and disclose carbon emissions tied to lending....
...He launched a Rico suit against his former business partner and the bank, claiming the two colluded to evade enforcement in California....
...Albion M UrdankEmeritus Professor, University of California, Los Angeles, US...
...Ruurd Brouwer is the chief executive of TCX, and Barry Eichengreen is professor of economics and political science at the University of California, Berkeley....
...University of California, San Diego, for example, returned a leading 11 per cent in fiscal 2023 by virtue of its nearly one-third allocation to the S&P 500....
...As of May 2, PacWest had $28bn in deposits, but the California-based lender disclosed in a regulatory filing on Thursday that this declined by about 9.5 per cent during the week of May 5....
...The Bank of England’s Prudential Regulation Authority, which supervises insurers, warned last year that the systematic use of so-called funded reinsurance deals posed “significant potential risks” to UK...
International Edition