Hints and tips:
Related Special Reports
...New York Community Bancorp and its chief risk officer parted ways shortly before the regional US lender reported larger than expected losses from real estate lending that hammered the bank’s stock....
...New York Community Bancorp shares shed a quarter of their value on Friday after the regional lender disclosed it had replaced its chief executive and identified “material weaknesses” in internal controls...
...At first glance, NYCB’s woes appear unique to its balance sheet....
...New York Community Bancorp shares fell 38% on Wednesday, partly on worries about the bank’s exposure to commercial real estate....
...NYCB had been seen as one of the winners of the 2023 crisis that sank Signature, Silicon Valley Bank and First Republic....
...pretty badly, in part because of commercial real estate, which is one aspect of NYCB’s problem....
...DiNello said NYCB was “laser-focused on reducing” its exposure to commercial real estate. “The challenge today is not easy....
...Regional US lender New York Community Bancorp on Wednesday revealed it had taken large losses on loans tied to commercial property, while Japan’s Aozora Bank and Deutsche Bank on Thursday warned about the...
...Delinquencies in credit card and commercial real estate loans were on the rise, the FDIC said, and were now at the highest level in almost a decade....
...European commercial real estate deal making fell to a 13-year low at the start of 2024, as fading hopes of imminent interest rate cuts prolonged the slump in property markets....
...American reported a net loss of $312mn for the first quarter, compared to $10mn in net income for the same period a year ago....
...Japan’s Aozora Bank blamed souring office loans in the US as it forecast its first full-year loss since 2009, in a sign of the rising stress in the American commercial property market....
...Today’s big read The first term of El Salvador’s millennial president Nayib Bukele has been unusual by both Latin American and global standards....
...largest banks expensed $16bn to cover the government-imposed “special assessment”, which replenished a deposit insurance fund that was heavily depleted by the failures of Silicon Valley Bank, Signature and First...
...And if there’s gonna be trouble in commercial real estate, some bank has to be the first to really get hit by it. And so it is correct to say maybe New York Community Bancorp is the first of many....
...In the past three weeks, Japan’s Aozora, Deutsche Bank and New York Community Bancorp have all flagged potentially large losses due to their exposure to the US office market....
...Separately, the real estate driven horror show at New York Community Bancorp continues to rumble on....
...Robert Gordon’s The Rise and Fall of American Growth, which argued that the age of disruptive technology was over, came out around the same time....
...This creates the potential for TikTok to be used by China to collect foreign intelligence, although there is no evidence that TikTok’s commercial user data has been used in this way....
...Today for the first time . . . a commercial company, an American company has launched and led the voyage up there. This shows the power and promise of Nasa’s commercial partnerships. What a triumph!”...
...It has not been an ordinary year in the First State. About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...Delta Air Lines last week raised the price of checking in a first bag from $30 to $35....
...JetBlue’s results brought a group of airline stocks lower with American Airlines, Delta and Southwest down 3, 0.4 and 0.8 per cent, respectively....
...The Biden campaign posted its first TikTok video on February 11, the day of the Super Bowl. It was viewed more than 10mn times....
...The last significant US bank to fail was First Republic, which was closed by the Federal Deposit Insurance Corporation in early May....
International Edition