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...The Office of Inspector General, which oversees the Fed, said in a report released on Monday that the two former regional Fed presidents — Robert Kaplan of the Dallas Fed and Eric Rosengren of Boston — had...
...The bank said much of the jump in loan losses was tied to credit cards and commercial real estate. The bank said it took losses on 16 different office loans in the quarter....
...The US Federal Housing Finance Agency on Tuesday said it plans to rein in a group of 11 regional government-backed wholesale lenders, the Federal Home Loan Banks, that became a key source of funding for...
...Both of the banks you mentioned and all of the regional banks have a lot of fixed-rate mortgage loans on their books. And those loans are not worth anywhere near what they listed as....
...(EXIM) for a loan of up to $600mn....
...Banks hold almost half of CRE loans maturing in 2024, and our REITs research team estimates that 62% of bank office loans are held by regional/local banks....
...Monetary policy: Federal Reserve Bank of Minneapolis president Neel Kashkari participates in conversation with Missoula community members and University of Montana faculty and students, in Missoula, Montana...
...Worries have persisted as banks disclose exposure to losses on commercial real estate loans as work from home leaves offices underused....
...The ECB said on Tuesday its quarterly survey of lenders showed “demand for loans from firms declined substantially, contrary to banks’ expectations of a recovery”....
...— Argentina recently had a big win in court thanks to a “magic bullet” in its GDP warrants, via Friends of Alphaville Mitu Gulati and Mark Weidemaier (Clauses & Controversies) — Banks seem . . . not uniformly...
...Jay Powell, chair of the Federal Reserve, likes to say: “It will likely be appropriate to begin dialling back policy restraint at some point this year.”...
...Last week the US Federal Housing Finance Agency presented its report on the future of the Federal Home Loan Banks....
...But banks’ wounds could heal quickly, especially if rate cuts by the Federal Reserve release pent up demand from home buyers and others who have been holding back for the past two years on purchases or investment...
...Shortly before Jay Powell, Federal Reserve chair, announced that the central bank was keeping benchmark rates at 5.25 per cent to 5.5 per cent, Colin Simpson, Manulife’s chief financial officer, revealed...
...In 2021, one of the South Korean company’s investors, Daishin Securities, provided a £16mn mezzanine loan to pay down a chunk of Bank of Ireland’s loan after Hana breached one of its covenants....
...Before Logan took over the Dallas Fed in 2022 she managed the entire Fed system’s balance sheet out of the NY Fed....
...The S&P 500, investment grade spread, high yield spread, loan spread, the level of rates, home prices, crypto, M&A activity, IPO activity; everything improved after the Fed signaled that rates are going...
...Banks frequently require personal guarantees from directors of small businesses to ensure repayment....
...to see food-at-home inflation versus food-away-from-home getting back to its historical dynamic, which means some of those consumers are just choosing to eat at home more often . . ....
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
...Instead, it will be smaller regional banks that will feel more of this pressure....
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
...“Banks will be under pressure,” said Barry Gosin, chief executive of Newmark, which handled $50bn of loan sales for failed Signature Bank....
...and loans needed to help countries struggling to pay back a decade of borrowing from China and bond markets....
...Investors are further reducing their bets on interest rate cuts by the US Federal Reserve this year, as strong economic data boosts conviction that the central bank will need to keep borrowing costs higher...
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