May 9, 2024
Home New York Community Bancorp Inc.
Property

Japan’s Aozora Bank tanks after flagging losses tied to US commercial property

  • February 1, 2024

A pedestrian walks past a sign for Aozora Bank Ltd. at the company’s headquarters in Tokyo, Japan, on Friday, May 14, 2010. Tomohiro Ohsumi | Bloomberg | Getty Images Shares of Aozora Bank tumbled to their lowest level in eight months Thursday after the Japanese bank warned of a fiscal-year net loss due to its exposure

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Loans

Banks’ office-loan exposure remains a ‘mixed bag’ as lenders manage through downturn

  • January 31, 2024

Banks continue to navigate a bumpy landscape in loans tied to a drop in office-space value and rent prices in many markets as workers stay at home. In one high-profile example on Tuesday, New York Community Bancorp NYCB cited a need to increase its allowance for credit losses (ACL) on the heels of an office

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