Hints and tips:
Related Special Reports
...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 Federal Deposit Insurance Corporation announced on Friday that two non-profits and property developer Related Properties had won an auction to acquire a stake in billions of dollars of loans tied to...
...Association....
...Its shares rose on Thursday after its new management team told analysts it would diversify away from loans to apartment buildings, many of which are subject to New York’s strict laws on rent control and...
...The US Federal Housing Finance Agency on Tuesday said it plans to rein in a group of 11 regional government-backed wholesale lenders, the Federal Home Loan Banks, that became a key source of funding for...
...Should the deal be approved by a federal court, the influential trade group would pay $418mn in damages to home sellers and slash the commission fees that supply the bulk of 1.6mn US realtors’ income....
...The suburban New York-based institution last March acquired most of Signature’s deposits and just over a third of its assets including nearly $13bn in loans, in a deal arranged by the Federal Deposit Insurance...
...A consortium of investors led by Blackstone Group has won bidding for the largest tranche of the Federal Deposit Insurance Corporation’s auction of $33bn in loans absorbed from Signature Bank after its collapse...
...Should the deal be approved by a federal court, the politically influential association would pay $418mn in damages to home sellers and agree to changes to its rules that are likely to slash the commission...
...John Williams, president of the New York Fed, will participate in a discussion organised by the Long Island Association....
...And the February readout will be the first since China lowered its five-year loan prime rate, which is used as the benchmark for mortgages nationwide.Even so, Ting Lu, chief China economist at Nomura, said...
...But asset managers said they were fighting a battle with customers who have a negative association with annuities as expensive, complex, and illiquid products....
...You see the same thing when you look at savings — the amount of money people have in checking and savings accounts across the income distribution. Look at people who make less than $25,000 a year....
...balances and auto loans signalling “increased financial stress”....
...Moreover, banks are much better positioned than they were in the runups to the Global Financial Crisis and Savings & Loan Crisis....
...loans, he added....
...face of a looming corruption trial in New York....
...“So many were in cash before because they needed to win the bidding wars and you couldn’t win with the loan contingency,” Sykes said. “So they would buy in cash and then get the loan afterwards.”...
...at New York City icons, including Brother Jimmy’s and Nobu....
...“Depositors are going to continue to want to get paid, but what banks can make on loans and investments is slowing down.”...
...Reddit IPO: The social media company’s shares will debut in New York later today after last night pricing its shares at $34 each....
...buy $1bn in office loans from different banks at varying discounts....
...They say the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency have exceeded their remit and could diminish the competitiveness of US banks by unilaterally...
...The agency typically likes to sell to other regulated banks so the loans and customers of collapsed lenders remain under the eye of regulators....
...“They pointed to increased usage of credit card revolving balances and buy now, pay later services, as well as increased delinquency rates for some types of consumer loans,” the minutes said....
International Edition