Many U.S. regional banks posted steep drops in first-quarter profits and warned that the future looks no brighter.
Tag: banks
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.
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.
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.
HOW SOON UNTIL BANKS CAN OFFER CRYPTO CUSTODY SERVICES TO CLIENTS?
U.S. banks see the action and uptake of bitcoin via the Bitcoin ETFs, now acknowledged to be the most successful offerings of their kind in history.
SPOTLIGHT: BANKS GO BUST
A dramatic increase in late payments on commercial real estate (CRE) loans is sharply shrinking cash reserves that major U.S. banks have set aside to cover such losses.
TOP TREND 2024: BANKS GO BUST
In 2023, $541 billion in loans against commercial real estate came due, data service Trepp reported, the highest amount ever for a single year.
TOP TREND 2024 BANKS GO BUST: BANKS BRACE
On 31 January, New York Community Bancorp’s (NYCB’s) share price plunged by a record 38 percent after the company announced it will make sharp cuts to its stock dividend and hoard cash.
TOP TREND 2024, BANKS GO BUST
Topping last year’s record of $541 billion, in 2027 $602 billion in loans against commercial real estate are scheduled to mature, according to The Wall Street Journal.