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...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....
...Brookfield and QIA in October announced they were putting in £300mn of new equity and extending a £100mn shareholder loan to Canary Wharf — their first equity injection since buying Canary Wharf in 2015....
...The report followed last week’s US data showing a 16 per cent decline in deal volumes in the first quarter from a year earlier....
...The bank also took a loss on a loan to a rent-controlled New York City multifamily building — an asset type that was NYCB’s speciality before its recent mergers....
...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...
...New York Community Bancorp shares fell 38% on Wednesday, partly on worries about the bank’s exposure to commercial real estate....
...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...
...US regional lender New York Community Bancorp has sought to reassure inventors that it is still taking in new deposits, after a week in which its share price has more than halved and it was downgraded to...
...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....
...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 suburban New York-based institution last March acquired most of Signature’s deposits and just over a third of its assets including nearly $13bn in loans, in a deal arranged by the Federal Deposit Insurance...
...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 44 per cent collapse in New York Community Bancorp’s share price this week is a reminder of how tough navigating these two roadblocks will be....
...“We do think we passed a high point in this cycle,” said Deutsche’s chief financial officer James von Moltke, referring to new loan provisions, adding that the crisis in US commercial real estate seemed...
...Profits at Lloyds Banking Group fell 28 per cent in the first quarter, as a windfall from higher interest rates for the UK high street bank continued to wane....
...Goldman Sachs’ profits rose 28 per cent in the first quarter, as a strong performance at its hallmark trading business helped the Wall Street bank easily surpass analysts’ estimates....
...via commercial paper and bonds....
...Ahead of its unveiling during the 1989 Major League Baseball All-Star Game, Riswold said, Nike’s “Bo Knows” commercial was announced with its own print advertisement in the New York Times — an ad for the...
...Some banks are stressed too: the New York Community Bank was recently forced into an emergency $1bn capital raise due to CRE losses, and this week the Klaros Group warned that more than 250 small banks out...
...Those gains are now feeding through to French lenders as they make new loans, though BNP’s personal and commercial banking revenues in France were held back by inflation hedges that are expected to disappear...
...This was the first time he has sold shares in the bank other than for charitable or tax purposes. Jefferies said Handler, 62, was using the cash to buy a boat and pay tax obligations....
...Shortly after Raghavan’s move to Citi was announced, JPMorgan sent a memo to employees announcing that Filippo Gori and Doug Petno would become co-heads of global banking: a new division encompassing JPMorgan...
...Major global financial institutions, including commercial banks, central banks and financial market infrastructures, are already tokenising assets....
...When New York Community Bank reignited concerns about US regional banks by revealing big losses from commercial real estate loans at the end of January, Steven Mnuchin spotted his chance to get back into...
...JPMorgan, for the 11th straight year, came first....
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