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...“Look back at the US banks [and] how they got into their position....
...The bet on failed banks suggests Porticoes’ sponsors see more trouble ahead for the sector a year after the failure of Silicon Valley Bank shook confidence in US regional lenders....
...’ shares make it obvious that this isn’t a story of optimism about US banks’ performance....
...That brought the number of banks covered by the measures to 99, but still left the vast majority of US banks unaffected by the new rules....
...The US Federal Reserve reported on Friday that US banks crossed the 13-figure threshold in loans outstanding to non-deposit-taking financial companies at the end of January....
...Michael Barr, who oversees bank supervision at the US Federal Reserve, said on Friday that regulators “have been closely focused on banks’ CRE lending”, including “how they are reporting their risk” internally...
...Earnings will be especially closely watched at JPMorgan, now the biggest American bank on almost every measure and which accounts for a fifth of total US bank profits....
...For years, US banks outstripped their European counterparts here....
...Overnight, Japanese lender Aozora Bank blamed its forecast for a full-year loss on souring US office loans....
...The persistence of banks’ reserve levels were first presented to us as a sign that the Federal Reserve has plenty of time before it needs to stop shrinking its balance sheet....
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
...US regional banks are not out of the woods yet....
...Central banks in the US, UK, Japan, Australia and Mexico all announce interest rate decisions next week....
...The bank booked a net profit of S$1.6bn (US$1.2bn) for the October-December quarter, up 12 per cent from the same period in 2022, even as the lender expects “low single-digit loan growth” in 2024....
...Bank of China....
...Until recently, US banks thought they were set to come off worst....
...The number of US banks at risk of failing rose 18 per cent in the final three months of 2023, to 52, according to data from a federal banking regulator....
...Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Board is facing challenges from some major companies....
...Midsize banks such as Aozora Bank, the 16th-biggest lender in the country, had placed aggressive bets in the US, hoping to offset narrow domestic yields....
...Despite being the number six US bank by size, it only has a sixth of JPMs assets. It is still basically a regional bank, albeit a big one....
...US regulators cite the failure last year of midsized lenders Silicon Valley Bank, Signature Bank and First Republic as proof that stricter capital requirements are needed....
...A pile-up of bad debt threatens to sour investors’ growing optimism about the prospects for the US’s largest banks when they report fourth-quarter earnings this week....
...Kate Duguid Will the Bank of England hint at interest rate cuts?...
...But while better capital returns have translated into double-digit stock price gains for many lenders, almost all still trade at steep discounts to the book value of their assets and their US peers....
...US regional bank executives say the pressure to pay up to keep depositors from leaving, which cut profits last year, is easing, paving the way for better earnings after the collapse of Silicon Valley Bank...
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