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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%.
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.
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 ...
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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.
Fox News Live: Various December 21, 2024: Weekend hard news and business program. Studio G, New York City 12:00pm–2:00pm ET/9:00am–11:00am ET Fox News Live: Griff Jenkins and Various 1999: Weekend hard news program. Studio 2, Washington, D.C. 2:00pm ET/11:00am PT Eric Shawn and Arthel Neville: Studio J, New York City 3:00pm ET/12:00pm PT
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.