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Top related persons:
Sheila Bair - 1 I'm - 1 Bair - 1 CNBC's - 1 aren't - 1 We're - 1
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U.S . Federal Deposit Insurance Corp - 1 P Regional Bank ETF - 1 New York Community Bancorp - 1 Metropolitan Bank Holding Corp - 1 Kearny Financial - 1 Columbia Banking - 1 National Bancorp - 1

Search resuls for: "Metropolitan Bank Holding Corp"


2 mentions found


☆ Regional bank earnings may expose critical weaknesses, former FDIC Chair Sheila Bair warns
  + stars: | 2024-04-16 | by ( Stephanie Landsman | ) www.cnbc.com   time to read: +2 min
Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp.Their quarterly numbers begin hitting Wall Street this week. Bair, who ran the FDIC during the 2008 financial crisis, is nervous that regional bank issues from 2023 aren't fully resolved. "This is still a problem for the regional banks, and fingers crossed that there's [not] another failure. The SPDR S&P Regional Bank ETF (KRE) is down almost 13%, and only four of its members are positive for 2024. Her latest regional bank warning comes as the benchmark 10-year Treasury note yield topped 4.6% this week and hit its highest level since November 2023.
Persons: Sheila Bair, I'm, Bair, CNBC's, aren't, We're Organizations: U.S . Federal Deposit Insurance Corp, P Regional Bank ETF, New York Community Bancorp, Metropolitan Bank Holding Corp, Kearny Financial, Columbia Banking, National Bancorp Locations: New York
☆ Regional lender Metropolitan Bank to exit crypto-related asset vertical
  + stars: | 2023-01-09 | by ( ) www.reuters.com   time to read: +1 min
Jan 9 (Reuters) - Metropolitan Bank Holding Corp (MCB.N) said on Monday it will exit the cryptocurrency related asset vertical, as the digital assets industry slips deeper into a crisis. It has four active institutional crypto-asset related clients that account for about 1.5% of its revenues and 6% of deposits. The crypto world's woes have continued into this year marked by plunging deposits, layoffs and multiple legal hurdles. Last week, crypto-focused bank Silvergate Capital Corp (SI.N) reported a sharp drop in fourth-quarter crypto-related deposits as investors spooked by the collapse of FTX pulled out more than $8 billion. MCB said it has no loans outstanding to any of its crypto-asset related clients, and that it does not hold crypto-assets on its balance sheet.
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