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
(Bloomberg) — A group of US regional banks is ratcheting up lending to oil, gas and coal clients, grabbing market share as bigger European rivals back away. Most Read from Bloomberg The list of banks includes Citizens Financial Group Inc., BOK Financial Corp. and Truist Securities Inc., according to data compiled by Bloomberg. The companies
New York Community Bancorp reported a surprise loss as it wrote down bad real estate loans, sending its stock tumbling Wednesday and dragging down the share prices of regional banks across the country. “This was a major negative surprise,” Jon G. Arfstrom, an analyst at RBC Capital Markets, said in a Wednesday note. New York