Search results
Results from the WOW.Com Content Network
Comerica , a regional bank in Dallas, said its deposits fell 9% during the first three months of the year. Zions ( ZION ), a Salt Lake City lender, said they dropped 3.4%.
The stock of Dallas regional bank First Foundation plummeted following a $228 million infusion, the latest reminder that commercial real estate challenges for some regional lenders are far from over.
One lasting lesson for regional banks that were caught flat footed by the turmoil in 2023 is how quickly assumptions about their business can get flipped upside down.
More US regional banks are taking a step that was unthinkable more than a year ago in the aftermath of the Silicon Valley Bank failure: selling underwater bonds at a loss.
A sizable drop in profits at many regional banks in the fourth quarter was a reminder of how challenging 2023 was. The problem is 2024 may not be much better.
For premium support please call: 800-290-4726 more ways to reach us
Despite overcoming a crisis in 2023, the pain isn’t over for regional banks. Higher-for-longer interest rates are hurting. US regional banks are still under pressure.
Regional bank stocks are rallying. The reason: Fed Chair Jay Powell. And maybe Donald Trump too. The boss of the central bank made it clear over the last week that the Fed is inching closer to ...