Investors lulled into thinking U.S. regional banks were out of the woods after ruptures last year have been given a jolt by New York Community Bank. The under-the-radar lender's earnings report sparked a sell-off in regional bank shares in a warning for investors that had grown inured to the sector's sensitivity to high Federal Reserve interest rates nearly a year after two banks failed. While NYCB's confluence of problems are unique to its balance sheet, elements of its earnings underscored regional lenders' ongoing sensitivity to high Fed rates which continue to squeeze commercial real estate (CRE) portfolios and lending margins, investors said.
EquiLend restores some services after cybersecurity incident streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
(Reuters) -Fintech firm EquiLend said on Friday some services, including trading and post-trading solutions, had been restored, more than a week after it suffered an outage due to unauthorized access to its systems. EquiLend, a company at the heart of securities lending on Wall Street, disclosed in late January it had identified unauthorized access to its systems and a portion of them had to be taken offline. The company's securities lending platform, Next Generation Trading, manages more than $2.4 trillion in transactions each month, according to its website.
Rachel Kettner globalsistersreport.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalsistersreport.org Daily Mail and Mail on Sunday newspapers.
Options on new U.S. spot bitcoin exchange-traded funds (ETFs) could take months to gain regulatory approval, potentially dampening the appeal of the underlying products, multiple industry sources said. The Securities and Exchange Commission (SEC) last month approved spot bitcoin ETFs, in a watershed for the crypto industry. The SEC oversees technical rule changes that exchanges must make to list options, and typically approves them days after an ETF starts trading.