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...Higher funding costs can be offset by stronger loan growth. But high rates can also stymie demand for loans....
...US....
...*Sadly, CR didn’t specify which loan this was. And borrowers (annoyingly) can be stingy about loan doc access....
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...He also gets the title of executive vice-chair of the bank — the only one of the five business heads to do so — underlining his higher profile within Citi....
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...Email us about anything else: robert.armstrong@ft.com and ethan.wu@ft.com. NYCB gets worse It is a sign of our times that a pretty big US bank is in deep crisis and nobody much cares....
...NYCB parted ways with its previous CRO shortly before it reported the larger than expected loan losses in January....
...“Their experience and track record of supporting marquee alternative asset managers will be helpful to us as we continue to grow.”...
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...It has proposed Richard Anderson, the former chief executive of Amtrak and Delta Air Lines, and Mary Kathryn “Heidi” Heitkamp, a former US senator....
...US regional banks are not out of the woods yet....
...I mean, sure, private equity dudes care, but should the rest of us?...
...God save us from bosses who want to be visionaries....
...NYCB, a midsized US lender with more than $100bn in assets, which was not on the FDIC list, was stricken by losses in its real estate loan portfolio after it almost doubled in size in the past 18 months...
...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 how it reviews loans...
...losses on office loans....
...Private sector holders swapped 17 per cent of their titles....
...(Ethan Wu) One good read How the US could respond to Iran....
...If it took, say, a minute per title to add all those bits of metadata for each title, it would take the four of us more than three full days each to do that, and we ain’t gonna do that....
...They function as a place for depositors to safely store their cash and obtain other financial services beyond loans....
...property loans and set aside more than $500mn to cover potential loan losses....
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