The bank sector’s profits rose 11 percent in this year’s second quarter, compared to the first, the Federal Deposit Insurance Corp. (FDIC) reported. Profits totaled $71.5 billion across the survey’s 4.539 institutions.
Tag: banks
Post
WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
Post
WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
Post
WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
Post
TOP TREND 2024: BANKS GO BUST
The biggest U.S. banks are reporting their second-quarter earnings and investors and analysts are watching to see how the megabanks have weathered high interest rates and the continuing slide in the value of commercial real estate loans.
Post
TOP TREND 2024: BANKS GO BUST
Wall Street banks are continuing to try to sell their troubled commercial real estate loans as office occupancy rates remain halved from pre-COVID levels and the value of office buildings slides, The New York Times reported.
Post
TOP TREND 2024: BANKS GO BUST
Many U.S. regional banks posted steep drops in first-quarter profits and warned that the future looks no brighter.
Post
TOP TREND 2024: BANKS GO BUST
U.S. banks will set aside even more capital to cover failing loans in commercial real estate (CRE) while they try to sell more of those loans, often at steep discounts, Reuters reported.
Post
TOP TREND 2024: BANKS GO BUST
Despite a strong economy, several major banks muted their earnings forecast for this year, citing the need to pay higher interest on customers’ deposits.
Post
TOP TREND 2024: BANKS GO BUST
Faced with a looming wave of wobbly commercial real estate (CRE) loans coming due, banks seem to be granting many lenders extensions of their maturity dates to give them more time to either refinance those loans or scrape together more capital to qualify for a new loan.