Hints and tips:
...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...
...Shares of New York Community Bancorp plunged on Wednesday after the lender that bought failed Signature Bank in the middle of last year’s regional banking turmoil cut its dividend to boost its capital and...
...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....
...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...
...New York Community Bancorp shares fell 38% on Wednesday, partly on worries about the bank’s exposure to commercial real estate....
...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...
Regional lender’s shares plunge 40% but recover following news of a deal to shore up its finances
Industry earnings weighed down by one-off charges to replenish federal deposit insurance after regional banking crisis
...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...
Investors including former Treasury secretary Steven Mnuchin stand to make hundreds of millions on bailout
...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...
...“Loan growth is tepid across the industry,” Andrew Cecere, chief executive of US Bancorp, told analysts on its earnings call this week. “Demand for loans is quite low.”...
...According to Mr Porter’s Todd, it’s worth investing in something that will both stand alone and stand the test of time....
...“This has been a long ordeal for Sotheby’s,” said Marcus Asner, a partner at Arnold & Porter who was lead counsel for the auction house, after the verdict. “We were vindicated in the end....
...On Sunday night, the Federal Deposit Insurance Corporation announced a deal to transfer much of Signature Bank to New York Community Bancorp....
The need to pay savers more has changed the outlook from what executives and analysts predicted a year ago
...You can read more from our catch up with PDC chief executive Matthew Porter here....
...US senators Elizabeth Warren, Cory Booker and Bernie Sanders, along with House representative Katie Porter, sent a letter on Tuesday asking Jonathan Kanter, head of the US Department of Justice’s antitrust...
...It had been set to buy lossmaking luxury ecommerce site Yoox Net-a-Porter from Swiss group Richemont, a deal that was signed in 2020 but had yet to close. That plan is now off....
...The regulatory disclosure on Monday also showed Berkshire exited its positions in US Bancorp and Bank of New York Mellon in the first quarter....
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...
...That is more than super regional banks like PNC, Truist and US Bancorp. Like FIS, Fiserv made the leap into merchant payment processing with a big acquisition....
...The company also dumped its position in regional bank US Bancorp and more than halved its stake in Bank of New York Mellon....
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