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Regional Banking Sector

All articles tagged with #regional banking sector

finance2 years ago•1 min saved

PacWest's $2.6B Real Estate Loan Sale Boosts Stock Gains.

PacWest Bancorp's shares rose nearly 13% after the lender announced it would sell $2.6 billion worth of its loan portfolio to Kennedy-Wilson Holdings Inc at a discount of nearly $200 million. The deal is expected to help the bank build its common equity tier 1 capital. The move comes as the regional banking sector grapples with its biggest crisis since 2008, and PacWest had earlier said it was exploring strategic asset sales to sharpen focus on its core business segments.

via Yahoo Finance|

#common-equity-tier-1-capital #finance #kennedy-wilson-holdings-inc

finance2 years ago•1 min saved

Buffett and Biden Discuss Banking Crisis and Bailouts

Warren Buffett has been in contact with President Biden's team to offer assistance during the current banking crisis, with talks centering around the possibility of Buffett investing in the US regional banking sector. The billionaire investor has a history of stepping in to aid banks in crisis, including Bank of America and Goldman Sachs. US regulators have unveiled extraordinary measures to calm customers, promising to fully pay out uninsured deposits in failed banks, with big US banks voluntarily depositing $30 billion to stabilize First Republic Bank this week. The crisis began when Silicon Valley Bank was shut down by the FDIC a week ago as regulators moved to protect customers following a $2 billion loss.

via Fox Business|

#banking-crisis #biden-administration #finance