Hints and tips:
...Flagstar is a subsidiary of New York Community Bancorp. Shares of both banks soared after the deals were announced....
...separate auction the FDIC ran for Signature Bank, which it took over earlier this month, ended with the regulator retaining a large real estate portfolio after it sold part of the bank to New York Community Bancorp...
...Shares in New York Community Bancorp meanwhile fell by a quarter on Friday after the regional lender delayed its annual report, saying it had found material weaknesses in the internal controls that guide...
...Reverence Capital, founded by three former Goldman Sachs executives, is led by Milton Berlinski, who founded the investment bank’s financial institutions group and has targeted mid-sized financial services...
...New York Community Bancorp talks as though it has turned a corner....
...New York Community Bancorp: At first glance, NYCB’s woes appear unique to its balance sheet. But that is only part of the story (premium subscribers only). 2....
...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....
...Moody’s has cut New York Community Bancorp’s credit rating to junk, citing “high governance risks” and the potential for commercial real estate losses to create “confidence sensitivity”....
...Mnunchin on Wednesday led a deal to pump more than $1bn into New York Community Bancorp to rescue the US regional lender that quickly fell into financial trouble after acquiring Signature Bank from the Federal...
...One thing to start: New York Community Bancorp has replaced its chief executive and identified “material weaknesses” in internal controls, amid worries about the US regional lender’s exposure to the commercial...
...In a comment letter, the Financial Services Forum, a lobby group representing eight of the largest US banks including JPMorgan Chase and BofA, said they were already subject to the highest costs of regulation...
PacWest’s $3.5bn deal with Ares is latest after industry turmoil this spring
...“It’s kind of an idiosyncratic bank . . . and has been a monitoring priority,” said a senior official at Japan’s Financial Services Agency....
...Exclusive: New York Community Bancorp’s chief risk officer left shortly before it reported larger than expected losses from real estate lending that hammered the bank’s stock....
...Gina Bleedorn, who is a co-founder of Adrenaline, a branding group that specialises in financial services, said there were a surprising number of banks that had the same name....
...Another six-ish months of industrial weakness, however, would put the pressure on the services sector to deliver us from recession. Spending only has to soften a little bit to push us over the edge....
...Other small regional lenders including PacWest Bancorp have too been trounced this week on worries about their durability. But their troubles might be less about deposit flight....
...The regulatory disclosure on Monday also showed Berkshire exited its positions in US Bancorp and Bank of New York Mellon in the first quarter....
...trading statement and AGM, Galliford Try trading update, Just Eat Takeaway Q4 trading update, Liontrust Asset Management Q3 trading statement, Prologis Q4, Rathbones Q4 trading update, Safestore FY, US Bancorp...
...On Monday, PacWest Bancorp announced it had sold a $2.3bn portfolio of loans to Ares Management for around 90 cents on the dollar in cash, part-financed by Barclays....
Lending at PNC, US Bank and Capital One trailed industry average following 2019 regulatory relief
...PNC Financial, Truist, Fifth Third Bancorp, M&T Bank, Huntington Bancshares, Comerica, Zions Bancorp, US Bancorp, Citizens Financial, Regions Financial and Key Corp all delivered year-on-year growth in quarterly...
Activist investor makes case for an increase on the $250,000 deposit insurance limit
...Today it is the turn of Huntington Bancshares, Fifth Third Bancorp and KeyCorp to update investors on their first-quarter performance....
...Banks including PacWest, Western Alliance and Zions Bancorp have each fallen at least 50 per cent this year....
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