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...The risks are “substantial for some regional banks, trust companies and asset managers”, she said....
...Atlas SP has originated $24bn in debts since its creation, including a $1bn loan to PacWest, the California regional bank that suffered a sharp drop in deposits in early 2023....
...China’s Everbright Bank missed profit estimates due to investment losses and an increase in cash set aside for souring property loans, sending shares of the regional lender almost 13 per cent lower in Hong...
...And sector-wide, Barclays says regional-bank credit spreads are pretty tight relative to the SPDR S&P Regional Banking ETF....
...The People’s Bank of China set the trading band for the renminbi at around Rmb7.0996 a dollar, stronger than estimates....
...This is an audio transcript of the Unhedged podcast episode: ‘Will commercial real estate hurt regional banks?’...
...America’s regulators say new rules will help maintain the dominance of US Treasuries, and there are still weaknesses in regional banking a year after the failure of Silicon Valley Bank....
...Its struggles have weighed on other regional US lenders, in an echo of the pressure the sector came under last year following the failure of Silicon Valley Bank....
...This year’s historically mild Midwest winter means Great Lakes ice cover has hit its lowest point since records began in 1973....
...banks and insurers....
...While major banks are back on their skis, regional banks will take longer to get the rates of interest on their assets and liabilities back in balance....
...US regional banks are not out of the woods yet....
...Regional bank stocks, as measured by the KBW Regional Bank index, have risen by a third in the past three months, though they are still down from where they were before the collapse of SVB....
...A day after the embattled regional bank received a $1bn lifeline from a consortium of big name investors led by former US Treasury secretary Steven Mnuchin, management spoke of the “beginning of a new chapter...
...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...
...PNC, the Pittsburgh-based regional lender, reported that lending dropped by $4bn or 1 per cent....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
...US regional banks have returned to a stable footing after turmoil in the first half of the year....
...Instead, it will be smaller regional banks that will feel more of this pressure....
...The KBW Regional Bank index dropped less than 3 per cent on Wednesday. Read more here...
...Regulators are growing concerned that stress on regional banks could deepen next year if the Bank of Japan finally ends its negative rate policy....
...Scores of multinationals have heeded Riyadh’s ultimatum to establish regional headquarters in Saudi Arabia or face losing out on lucrative government contracts, but leading banks have been conspicuous by...
...the US regionals....
...Regional banks are essential for a competitive banking system, particularly for mid-sized business clients....
...That was the biggest quarterly rise in so-called problem banks since the failure of Silicon Valley Bank kicked off turmoil for regional banks more than a year ago, suggesting that regulators think there...
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