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Financial Strength

All articles tagged with #financial strength

finance1 year ago•3 min saved

"Moody's Downgrades Regional Bank Amid Lingering Crisis Concerns"

New York Community Bank (NYCB) has been hit with its third credit downgrade due to concerns about its exposure to commercial real estate (CRE) and a surprise loss, leading to a plunge in its stock price. The bank's management is considering selling off loans in its CRE portfolio and shrinking its balance sheet to shore up its financial strength. Treasury Secretary Janet Yellen expects additional stress and financial losses in the CRE market, while NYCB has set aside more capital to meet regulatory requirements. NYCB, which acquired failed banks during last year's regional banking crisis, has seen its stock fall over 59% in the last month.

via Fox Business|

#banking-crisis #commercial-real-estate #credit-downgrade

business2 years ago•4 min saved

JPMorgan Chase takes over First Republic Bank's assets and liabilities.

JPMorgan Chase has acquired the majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). The acquisition will bring JPMorgan Chase's financial strength, capabilities, and capital to the US banking system and First Republic. The transaction is expected to be modestly EPS accretive and generate more than $500 million of incremental net income per year.

via JPMorgan Chase|

#acquisition #banking-system #business

finance2 years ago•0 min saved

PacWest Bank's Financial Struggles Continue Despite $1.4 Billion Funding Boost

PacWest Bancorp's stock fell after the bank announced it will not pursue a capital raise due to low market prices for regional bank stocks. The bank's primary subsidiary, Pacific Western Bank, provided an update on its financial strength.

via Barron's|

#capital-raise #finance #financial-strength

finance2 years ago•4 min saved

Western Alliance Bank Faces Rating Watch Negative and Stock Instability

Western Alliance Bank, a subsidiary of Western Alliance Bancorporation, reaffirmed its financial strength with over $20 billion in immediately available liquidity as of March 16, 2023. The bank experienced elevated net deposit outflows on March 13, primarily in its Technology & Innovation group, but net outflows have since fallen sharply. The bank highlighted its strong capital base and diversified deposit base as critical strengths that position it well in the current environment. Western Alliance Bank serves a highly diverse national and regional commercial customer base, representing a broad range of industries, client types, and geographies.

via Yahoo Finance|

#capital-base #deposit-base #finance