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. When Silicon Valley Bank did it, it spurred a panic among investors and depositors. The difference this time around is that regional banks aren’t
The stock of Dallas regional bank First Foundation (FFWM) plummeted following a $228 million investor infusion, the latest reminder that commercial real estate challenges for some regional lenders are far from over. First Foundation said the investment from private equity giant Fortress and other firms announced Tuesday would help it reduce its concentration of multifamily
zhaoliang70 / Shutterstock.com Regional banks made headline news recently, when three smaller banks failed over the course of just five days in early 2023. Silicon Valley Bank was by far the most prominent, but Signature Bank and Silvergate Bank also fell victim. Many were afraid there would be another full-blown banking crisis, but regulators and