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...Lloyds Banking Group is to be the lead investor in a £62mn fund that will back community development finance institutions, becoming the UK’s first high street bank to support the not-for-profit lenders that...
...McKernan sought to set up an FDIC-run compliance programme for large index fund managers that say they are seeking to be “passive” investors in FDIC-supervised banks....
...Industry groups argue tougher regulation could raise compliance costs and lower demand and liquidity for bank stocks if the new rules make it harder for investors to take large stakes....
...While community banks mostly rely on deposits insured by the FDIC, regional banks’ business clients maintain significant levels of uninsured deposits....
...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....
...The rules will for the first time make the size of the bank created by a merger a factor in determining which deals receive further scrutiny from the FDIC....
...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...
...The FDIC seized the loans from the former Signature Bank, one of a trio of lenders that failed or closed in early March, kicking off a period of turmoil for the banking sector....
...The post-crisis Dodd-Frank financial reform law created new legal authority for this kind of decapitation, separate from the procedures the FDIC uses for smaller banks, including the three big failures last...
...As a result, more banks would need to fail for Porticoes to be able to use money it has raised — and the list of potential targets is slim....
...Banks hold higher allowances — for example, 10 per cent — for unsecured lending such as credit card loans, compared with 2 or 3 per cent for commercial real estate loans, which have lower default rates....
...The FDIC, a banking regulator that insures depositors, is also responsible for resolving failed banks....
...Since 2009, the FDIC has issued 86 new insured commercial bank charters....
...Quarterly earnings were also hit by a $5bn increase in provisions for bad loans, a $4bn loss on banks’ securities portfolios, and higher costs as lenders cut staff and restructured their operations, the...
...Nonetheless, the FDIC indicated that most of the banks on the list were either small or mid-sized lenders....
...The big banks are lending as much as they can, with the four largest US banks having $4tn of loans and leases outstanding, according to FDIC data....
...Management’s go-to message was that NYCB’s acquisition of Signature Bank, one of the banks that shut down last year, pushed it into a new size category for regulation....
...They have put forward far-reaching proposals to tighten capital rules for large and regional US banks....
...An FDIC spokesperson did not immediately respond to a request for comment from Gruenberg....
...Noting that the FDIC had faulted the board of Silicon Valley Bank for the lender’s failure, Kennedy suggested that Gruenberg and fellow board members should be held to account in the same way....
...However, this has been read by some in the market as a signal that sellers are hopeful that they can wait for better prices after the Bank of England lowers borrowing costs....
...It has continued to pay as much as 5.5 per cent annual interest on some short-term certificates of deposit, while other banks have pared back their rates....
...He said the bank was cutting its dividend in order to remain compliant with banking regulations as a result of the takeover, which pushed the bank’s assets over $100bn and into a stricter requirement for...
...Higher-than-expected losses from real estate loans for NYCB have revived concerns about potential defaults. The bank also cut its dividend earlier this year to meet tougher regulatory requirements....
...Higher than expected losses from real estate loans for NYCB have revived concerns about potential defaults....
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