Hints and tips:
...Shares of most regional banks have yet to fully recover from the collapse of Silicon Valley Bank and a handful of other regional institutions in an industry crisis last year....
...The pressures on NYCB come almost a year after the failures of Silicon Valley Bank and other regional banks unsettled the US banking industry....
...Among regional banks, Bank OZK and Valley National Bancorp stand out, with high exposure to CRE loans but low CRE reserve ratios, according to Morgan Stanley research....
...NYCB had been seen as one of the winners of the 2023 crisis that sank Signature, Silicon Valley Bank and First Republic....
...The next worst performer, Valley National, is down 25 per cent. NYCB is alone. So are we all whistling past the graveyard?...
...The country’s largest banks expensed $16bn to cover the government-imposed “special assessment”, which replenished a deposit insurance fund that was heavily depleted by the failures of Silicon Valley Bank...
...Twelve months after the failure of Silicon Valley Bank shook the regional banking sector, NYCB’s recent struggles have underscored the continuing fragility at some US lenders....
...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....
...The fallout from NYCB weighed on other regional bank stocks, a sector that has not fully recovered from the collapse of Silicon Valley Bank and other mid-sized lenders last year....
...Regional banks have had months of relative calm following the industry turmoil precipitated by the sudden collapse of Silicon Valley Bank and a pair of other regional lenders earlier in the year....
...On Sunday night, the Federal Deposit Insurance Corporation announced a deal to transfer much of Signature Bank to New York Community Bancorp....
...Regional banks across the US have largely stopped the massive outflow of deposits that threatened their stability after the collapse of Silicon Valley Bank but their profit margins are shrinking unexpectedly...
...As regulators consider rolling back those changes following the collapse of Silicon Valley Bank, a Financial Times analysis shows lending at the three banks — PNC, US Bank and Capital One — as well as lenders...
...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...
...Souki sold some parts of Aspen Valley Ranch and says he tried to sell others but was blocked by the bank, a claim UBS denies....
...Smaller regional and “super-regional” banks such as Citizens and US Bancorp will report results the week of April 17. First Republic will report on April 24....
...Hill against powerful opponents — ranging from an associate of hedge fund chief Steven Cohen to George Norcross, a legendary Democratic Party kingmaker in southern New Jersey, just across the Delaware River...
...Boehly has backed several other crypto projects, including infrastructure company Cross River and wallet provider Blockchain.com....
...Perhaps one could start a specialist travel agency for such places, Dystopian Tours Inc, which would specialise in Graham Greene-style third world disaster areas....
...Max Levchin founded Affirm Holdings in the belief that younger people were more open to borrowing from Silicon Valley start-ups than established lenders....
...But so is the South Tees Development Corporation, which is chaired by Ben Houchen, the 34-year-old Conservative mayor of Tees Valley, a region long dominated by the Labour party....
...Or how about PNC Financial combining with US Bancorp? We don’t really know....
...I would be hesitant to own that,” says Vince Rivers, senior portfolio manager at JO Hambro Capital Management, a £28bn UK-based asset manager....
...One such bank is Zions Bancorp of Salt Lake City, which has $66bn in assets....
...Before BankUnited, he was president and chief executive of North Fork Bancorp. He was also president of Capital One’s banking segment, which included North Fork....
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