Hints and tips:
...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...
...Aozora’s profit warning echoed the previous day’s announcement by New York Community Bancorp, which said it had lost $260mn in the final three months of 2023....
...Shares in US regional lender New York Community Bancorp fell by more than half and its credit rating was downgraded to “junk” status by Moody’s this month after it reported higher-than-expected losses from...
...The company cut its holdings of gaming group Activision Blizzard, banks US Bancorp and BNY Mellon, and carmaker General Motors during the third quarter....
...The Metro Bank governance shambles When Vernon Hill was forced to step down as chairman and chief executive of New Jersey’s Commerce Bancorp in 2007, observers described the downfall of the once-dominant...
...In the spring, US Bancorp launched a service allowing customers to make instant payments from a smartphone, charging $6.95 per transaction....
...Earnings are due from Coca-Cola, Qualcomm, US Bancorp and American Express....
...And last week, mutual fund company Fidelity ended a relationship with Amex to set up a deal with Visa and US Bancorp....
...Zions Bancorp, a Utah-based bank, failed the quantitative part of the test, known as the Dodd-Frank Act Stress Testing. “It’s a total black box,” said Pri de Silva, an analyst at CreditSights....
Proposal from US businessman ‘does not adequately value’ club
Phoenix Suns owner’s proposal includes loan to help Scottish club through cash crisis
...He has done well in the first guise, as chairman and chief executive of Western Alliance Bancorp, a small bank based in Arizona....
But US equities climb after new home sales data
...● Jim Giacin has joined Standard Life Investments as head of insurance business development, based in Boston, from Bancorp....
...Only one bank, Utah-based Zions Bancorp, was rejected because it failed to meet the minimum tier one common capital ratio of 5 per cent....
...The slowdown has been highlighted by the hold-up of M&T Bank’s merger with Hudson City Bancorp, one of the largest bank deals in recent years....
...Zions Bancorp said on Monday it would no longer be able to hold certain types of securitised debt as it seeks to comply with the Volcker rule, raising concerns about the cost of the new regulations to smaller...
...“The most immediate impact we’re seeing from the government default risk is an inflow of deposits,” said Andy Cecere, chief financial officer of US Bancorp, the sixth-biggest US bank by assets....
...In 2008, Vernon Hill, president and chief executive of Commerce Bancorp, now TD Bank, and Wharton alum, joined the company as chairman....
...In February 2012, Mr London tipped off Mr Shaw in advance of Union Bank’s takeover of Pacific Capital Bancorp....
...Assured has reached settlements with BofA and Deutsche Bank and has outstanding lawsuits against JPMorgan Chase, Credit Suisse and Flagstar Bancorp....
...Steve Trager, chief executive of Republic Bancorp, called the uncertainty over tax rates “the tipping point” that led his company to declare a special dividend....
...executive of Bank of Hawaii; Anthony Santomero, former president of the Federal Reserve Bank of Philadelphia; William Thompson, former head of Pimco; and Jerry Grundhofer, former chief executive of US Bancorp...
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