Here's why bank M&A could thaw in 2024 americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
August 3, 2023 e-EDITION | Johnston Sun Rise johnstonsunrise.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from johnstonsunrise.net Daily Mail and Mail on Sunday newspapers.
U.S. regional banks are shrinking their balance sheets to strengthen capital and improve liquidity as heightened interest rates and an anticipated tightening of regulations loom over the sector.
Citizens Financial Group, Inc. (NYSE:CFG) Q2 2023 Earnings Call Transcript July 19, 2023 Citizens Financial Group, Inc. misses on earnings expectations. Reported EPS is $0.92 EPS, expectations were $1.01. Operator: Good morning, everyone. And welcome to the Citizens Financial Group Second Quarter 2023 Earnings Conference Call. My name is Alan, and I will be your […]
The U.S. commercial property market has faced severe challenges since the pandemic due to lingering office vacancies, diminished retail activity and higher interest rates. While regional banks carry the greatest exposure to the commercial real estate (CRE) sector, second quarter earnings show that a number of big banks have prepared for potential defaults, primarily on office loans. Chief Financial Officer Alastair Borthwick said the bank had $17 million in charge-offs, or debt owed to a bank that is unlikely to be recovered, on its office loan exposure during the second quarter versus $15 million in the first quarter.