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...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...
...“Further discussions on this topic should involve all of the banking regulators and be informed by discussions with the asset management community.”...
...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....
...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...
...It has evolved over time into a community that develops common approaches and data methodologies to record default and recovery frequencies....
...It was taken over in 2012 by Leucadia National Corporation, an oil-to-beef conglomerate, but the merged company pared back its other investments to focus solely on investment banking work....
...Families are one thing but the locals are not thrilled by the arrival of large corporations....
...While community banks mostly rely on deposits insured by the FDIC, regional banks’ business clients maintain significant levels of uninsured deposits....
...The restrictions set out by the Federal Deposit Insurance Corporation on Thursday would apply to any takeover that created a bank with more than $50bn in assets, and increase for any deal above $100bn....
...The board of the International Finance Corporation is meeting on Thursday under growing pressure to pay compensation to alleged victims of child sexual abuse in a network of schools in Kenya operated by...
...It is the same reason why farmers often prefer to bank with their local community banks....
...The Department for Levelling Up, Housing and Communities declined to specify when ministers would decide....
...Among regional banks, Bank OZK and Valley National Bancorp stand out, with high exposure to CRE loans but low CRE reserve ratios, according to Morgan Stanley research....
...New York Community Bancorp, with $115bn or so in assets, is having serious problems, and the broad market (here represented by the S&P 1500) indifferent: Admittedly the regional bank index is underperforming...
...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 Deposit Insurance Corporation...
...Analysts at the bank said they derived the figure by making estimates based on calculations on excess transactions for 54 Chinese ETFs....
...Deposit Insurance Corporation last year....
...“When you get a bank like HSBC they want occupation of the entire building. But that’s not a problem because you can say to any developer: ‘Look, there are other ways of finding community facilities....
...In their view, New York Community Bancorp was an “outlier” because it had become a large bank through acquisitions, but still had a regional-bank-scale CRE business: Its CRE loans were about “four times...
...All of this is “building discontent towards the ANC, towards the white community and towards foreign nationals”, Modiri says....
...They also argued that the loss of well-known local presenters, as a result of lay-offs, removed a valuable link to communities....
...The proposals come after sharp cuts in funding to the BBC’s local radio services last year, which were met with alarm by MPs over fears that the corporation was failing to serve local communities around...
...“They took a fairly cold-blooded approach when it came to foreclosures,” said Jesse Van Tol, head of the National Community Reinvestment Coalition, which advocates for low and moderate income borrowers....
...a borrower is at least 30 days late, according to filings to the Federal Deposit Insurance Corporation....
...It also hosted side events at the talks in Ottawa, promoting a “plastic waste reduction-linked bond”, alongside the World Bank....
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