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....
...The latest hit to NYCB did not have a significant impact on other regional bank stocks, with the industry’s index slipping 0.7 per cent on Friday....
...Stocks of other smaller banks also fell, with the KBW Regional Bank index declining by 6 per cent....
...all true, that the stock prices don’t matter to bank stability....
...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....
...The investor group will purchase NYCB’s common stock at a price of $2 per share and convertible preferred stock at the same conversion price, according to a press release....
...The bank said that was partly because the stock market value of banks has dropped since it struck the deal....
...Their injection of funds at $2 a share was “tremendously dilutive” to other shareholders, analysts at Wedbush noted, but helped stabilise the bank and boost the stock price....
...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...
...The pressure continued on Thursday, with the stock closing down a further 11 per cent....
...Regions’ stock tumbled as much as 16 per cent in trading on Friday, cutting as much as $2bn the bank’s market capitalisation....
...In December, top BlackRock managers hosted their GIP counterparts at the larger firm’s Hudson Yards headquarters....
...The regulatory disclosure on Monday also showed Berkshire exited its positions in US Bancorp and Bank of New York Mellon in the first quarter....
...The stock is also trading at around 16 times forward earnings, a 50 per cent premium to FIS. The gap should persist as Fiserv cements its reputation as the Steady Eddy of bank technology stocks....
...The company also dumped its position in regional bank US Bancorp and more than halved its stake in Bank of New York Mellon....
...Berkshire in the final quarter sold more than $16bn worth of stocks, dumping shares of chipmaker Taiwan Semiconductor Manufacturing, regional bank US Bancorp and Bank of New York Mellon....
...The company cut its holdings of gaming group Activision Blizzard, banks US Bancorp and BNY Mellon, and carmaker General Motors during the third quarter....
...Here’s our best attempt at taking a photo of the phone: OK, the Waystar Corp. of S1E3 now seems to be Waystar Royco Inc/WAY:NYSE, which plausibly could be a security representing a different class of shares...
...It also sold $2.3bn of shares in the second quarter, cutting its stakes in General Motors, US Bancorp and grocer Kroger, and exited its positions in Verizon and Royalty Pharma....
...at the current stock price as “a gift from heaven”....
...In 2009, Buffett said of the bank: “If I had to put all my net worth in one stock, that would’ve been the stock.” But now he owns none of it....
...Under the deal announced on Tuesday, the $2.5bn of US Bancorp stock MUFG will receive equates to an almost 3 per cent stake in the US lender....
...The deal follows three purchases by Rhode Island-based Citizens earlier this year: of HSBC’s bank branches on the US east coast, of the community bank Investors Bancorp and of valuation consulting firm Willamette...
...A version of this article was first published by Nikkei Asia on December 8 2021. ©2021 Nikkei Inc....
...The hard yards of the first are largely done, with the announcement last month that the vaccine developed with Oxford university was safe and effective. The second is only now getting under way....
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