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☆ These 28 regional and community banks exceed regulators' threshold for high commercial real estate concentration risk: here's what's really at stake.
▼ + stars: | 2024-03-09 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

But where banks' exposure to commercial real estate is concerned, locating that fire may be difficult. Rising interest rates quickly increased the cost of borrowing for investors in commercial real estate, including offices and multifamily homes. It doesn't reveal details such as borrowers' track records, said Mark Hillis, a former chief risk officer for commercial real estate at JPMorgan. There's also varying concentration risk: the largest banks with commercial real estate exposure are more diversified, meaning that any losses won't be as devastating, Baker said. "We think very few banks will run into issues just from their commercial real estate exposure," Reidy said.

Persons: Michael Barr, Jerome Powell, Todd Baker, Mark Hillis, Clifford Rossi, Robert H, Rossi, Baker, There's, Hillis, multifamily, haven't, You'll, Banks, you'll, Rebel Cole, NYCB, Matt Reidy, Reidy, Cole Organizations: Federal Reserve, Business, York Community Bank, SEC, Richman Center for Business, Law, Columbia University, JPMorgan, Smith, Smith School of Business, University of Maryland, Mortgage Banker's Association, Bank, Signature Bank, First, Countrywide Bank, Washington Mutual, Citigroup, multifamily, Florida Atlantic University, Federal, Regulators, TCRE, Equity RCRE, Community Bank, Provident Bank NJ, Merchants Bank of Indiana, Apple Bank for Savings, Oceanfirst Bank, Independent Bank, Lakeland Bank NJ, Ozk, Washington Federal Bank WA, Axos Bank, Sandy Spring Bank, Columbia Bank NJ, Farmers, Merchants Bank of CA, Popular Bank, Pacific Premier Bank, United Bank, Trust, Rockland Trust, Umpqua Bank, ServisFirst Bank, Bell Bank, Stellar Bank, National Bank of, National Bank of Florida FL, New York Community Bank Locations: multifamily, Basel, CRE, California, Rockland, National Bank of Florida

☆ NYCB stock tumbles to lowest level since 1996
▼ + stars: | 2024-03-04 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

New York CNN —Shares of New York Community Bank (NYCB) fell 23% Monday, hitting their lowest level since 1996. The issues caused a $2.4 billion loss to shareholders last quarter, NYCB said. That caused the stock to plunge, bringing it to its lowest level since 1997. NYCB’s troubles are having a mixed effect on other regional bank stocks. Shares of Valley National Bank (VLY) closed 5.6% lower on Monday, while Zions Bancorporation (ZION) closed 1% higher.

Persons: NYCB, Alessandro DiNello, Zions Organizations: New, New York CNN, New York Community Bank, Fitch, Moody’s Investors Service, First Republic Bank, Silicon Valley Bank, Signature Bank, National Bank Locations: New York, Silicon, NYCB, ZION

☆ What’s Behind the Turmoil at New York Community Bank?
▼ + stars: | 2024-03-01 | by ( Santul Nerkar | ) www.nytimes.com time to read: +1 min

Shares of New York Community Bank slid more than 25 percent on Friday, a day after the lender said its loss in the fourth quarter was $2.4 billion more than it had previously reported, and also announced the departure of its chief executive and a board member. Shares of other regional banks were also lower: Valley National Bank and Columbia Banking System both fell more than 2 percent. The KBW Regional Bank Index, which tracks performance of U.S. regional banks, fell more than 1 percent. The drop in shares of other banks is a sign investors are still nervous about the potential for wider trouble in the banking sector — nearly a year after several small banks failed. But the fact that the declines in other regional banks were small suggested that NYCB’s problems are seen as unique to it.

Persons: ”, Christopher Marinac, Janney Montgomery Scott Organizations: New York Community Bank, National Bank and Columbia Banking System, Regional

☆ Here’s why regional banks have so much commercial real estate exposure
▼ + stars: | 2024-02-29 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

New York CNN —It’s no secret that commercial real estate (CRE) has become a source of stress for banks. Regional banks were on high alert recently after New York Community Bancorp (NYCB) reported steeper-than-expected future losses on commercial real estate loans. So why is it that the smaller, regional banks are so much more exposed to commercial real estate? Office real estate is among the bank’s smaller commercial real estate subcomponents. Robbins of Valley National Bank told CNN “we remain comfortable with our diverse and granular commercial real estate portfolio.”Office real estate is just one component of commercial real estate, albeit the most worrisome to banks and economists.

Persons: New York CNN —, Goldman Sachs, Fitch, Banks, BankRegData, Flagstar, “, JPMorgan Chase, —, Michael Brochstein, it’s, Ira Robbins, Robbins, CNN “, Carlos Barria, ” Organizations: New, New York CNN, New York Community Bancorp, Flagstar Bank, Federal Deposit Insurance Corporation, National Bank, JPMorgan, Getty, Valley National Bank, CNN, Fitch, FDIC, Reuters Locations: New York, Morristown , New Jersey

☆ Valley National Bank CEO on NYCB closure and dealings with regulators
▼ + stars: | 2024-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailValley National Bank CEO on NYCB closure and dealings with regulatorsIra Robbins, Valley National Bank chairman and CEO, joins 'Power Lunch' to discuss the chief executive's sentiment after hearing news about New York Community Bank, how Robbins would characterize their interactions with regulators, and more.

Persons: Ira Robbins, Robbins Organizations: Bank, National Bank, New York Community Bank

☆ Best High-Yield Savings Accounts for October 2023
▼ + stars: | 2023-09-28 | by ( Martha C. White | ) www.wsj.com time to read: +18 min

With the Federal Reserve steadily raising interest rates to fight inflation, high-yield savings account payouts have steadily risen, too. After years of near-zero returns, the average savings account rate has risen to 0.45%, according to the Federal Deposit Insurance Corp. Their new High-Yield Savings account offers a 3.5% APY, but you need a hefty $5,000 deposit to open the account. Unlike some high-yield online savings accounts, you earn a high APY—currently 5%—on every dollar in your account. You can conduct immediate electronic transfers between your brokerage account and savings account, and manage both savings and investment activities on a single platform.

Persons: Martha C, it’s, JPMorgan Chase, Wells, Wells Fargo, Ally, Synchrony, UFB, —, Achilles, We’ve, Foster, Alliant, Morgan Stanley, Marcus, Goldman Sachs, Charles Schwab, Charles Schwab Bank Charles Schwab Organizations: Federal Reserve, Federal Deposit Insurance Corp, Capital, National, One’s, JPMorgan, JPMorgan Chase JPMorgan Chase &, Chase Savings, Ally, Synchrony, CIT, First Citizens, Bank, Axos Bank, Webster Bank, National Bank, Zelle, Alliance Data Systems, Comenity Capital Bank, FDIC, Foster Care, Navy, Navy Federal, Savings, Morgan Stanley Private, Morgan Stanley Private Bank, Bloomberg, Trade, Charles, Charles Schwab Bank, Best Bank, National Credit Union Administration, dateline Locations: Chase, Zelle, Ally’s, Utah, Chicago, U.S, .

☆ Savings Account and CD Rates Today | New 7% APY Checking Account Comes to Market
▼ + stars: | 2023-09-27 | by ( Business Insider | ) www.businessinsider.com time to read: +18 min

Leading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Annual Percentage Yield (APY) 5.25% Minimum Deposit Amount $1 Pros Check mark icon A check mark. Annual Percentage Yield (APY) 5.31% Minimum Deposit Amount $1 Pros Check mark icon A check mark. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: Banks, you'd, —, Cash, we've Organizations: Pacific Western Bank, FDIC, National Bank, Valley, Western Alliance Bank, Mint Western Alliance Bank, Freedom, OnPath Credit, Credit Union, Cash, Products, Savings, BluPeak Credit Union, USALLIANCE, Newtek, Federal Credit Union Locations: Axos, —

☆ Savings Account and CD Rates Today | New No-Penalty CD Market Leader
▼ + stars: | 2023-09-26 | by ( Business Insider | ) www.businessinsider.com time to read: +18 min

Compare Today's Savings RatesLeading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Annual Percentage Yield (APY) 5.25% Minimum Deposit Amount $1 Pros Check mark icon A check mark. Fees no monthly service fee Annual Percentage Yield (APY) 5.25% (as of 08/11/2023) Minimum Deposit Amount $0 Pros Check mark icon A check mark. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: Banks, you'd, —, Cash, we've Organizations: Pacific Western Bank, FDIC, National Bank, Valley, Western Alliance Bank, Mint Western Alliance Bank, Valley Bank, Bank, Cash, Products, Savings, BluPeak Credit Union, USALLIANCE, Newtek, Federal Credit Union Locations: Axos, —

☆ Savings Account and CD Rates Today | Earn 5.50% on Savings Accounts
▼ + stars: | 2023-09-25 | by ( Business Insider | ) www.businessinsider.com time to read: +18 min

Compare Today's Savings RatesLeading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Annual Percentage Yield (APY) 5.25% Minimum Deposit Amount $1 Pros Check mark icon A check mark. Annual Percentage Yield (APY) 5.31% Minimum Deposit Amount $1 Pros Check mark icon A check mark. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: Banks, you'd, —, Cash, we've Organizations: Pacific Western Bank, FDIC, National Bank, Valley, Western Alliance Bank, Mint Western Alliance Bank, Freedom, Cash, Products, Savings, BluPeak Credit Union, Newtek, Federal Credit Union Locations: Axos, —

☆ Savings Account and CD Rates Today | Earn 5.60% on a 3 Year CD
▼ + stars: | 2023-09-24 | by ( Business Insider | ) www.businessinsider.com time to read: +18 min

Compare Today's Savings RatesLeading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Annual Percentage Yield (APY) 5.25% Minimum Deposit Amount $1 Pros Check mark icon A check mark. Annual Percentage Yield (APY) 5.31% Minimum Deposit Amount $1 Pros Check mark icon A check mark. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: Banks, you'd, —, Cash, we've Organizations: Pacific Western Bank, FDIC, National Bank, Valley, Western Alliance Bank, Mint Western Alliance Bank, Freedom, Cash, Products, Savings, BluPeak Credit Union, Newtek, Federal Credit Union Locations: Axos, —

☆ Savings Account and CD Rates Today | Earn 5.80% on a 1 Year CD
▼ + stars: | 2023-09-23 | by ( Business Insider | ) www.businessinsider.com time to read: +18 min

Compare Today's Savings RatesLeading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Annual Percentage Yield (APY) 5.25% Minimum Deposit Amount $1 Pros Check mark icon A check mark. Annual Percentage Yield (APY) 5.31% Minimum Deposit Amount $1 Pros Check mark icon A check mark. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: Banks, you'd, —, Cash, we've Organizations: Pacific Western Bank, FDIC, National Bank, Valley, Western Alliance Bank, Mint Western Alliance Bank, Freedom, Cash, Products, Savings, BluPeak Credit Union, Newtek, Federal Credit Union Locations: Axos, —

☆ Savings Account and CD Rates Today | 6 Month CDs Reach New High
▼ + stars: | 2023-09-21 | by ( Business Insider | ) www.businessinsider.com time to read: +18 min

Compare Today's Savings RatesLeading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Annual Percentage Yield (APY) 5.25% Minimum Deposit Amount $1 Pros Check mark icon A check mark. Annual Percentage Yield (APY) 5.31% Minimum Deposit Amount $1 Pros Check mark icon A check mark. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: Banks, you'd, —, Cash, we've Organizations: Pacific Western Bank, FDIC, National Bank, Valley, Western Alliance Bank, Mint Western Alliance Bank, Freedom, Cash, Products, Savings, BluPeak Credit Union, Newtek, Federal Credit Union Locations: Axos, —

☆ Savings Account and CD Rates Today | New Top 1-year CD Rate
▼ + stars: | 2023-09-20 | by ( Business Insider | ) www.businessinsider.com time to read: +18 min

Compare Today's Savings RatesLeading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Annual Percentage Yield (APY) 5.25% Minimum Deposit Amount $1 Pros Check mark icon A check mark. Annual Percentage Yield (APY) 5.31% Minimum Deposit Amount $1 Pros Check mark icon A check mark. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: Banks, you'd, —, Cash, we've Organizations: Pacific Western Bank, FDIC, National Bank, Valley, Western Alliance Bank, Mint Western Alliance Bank, Freedom, Cash, Products, Savings, BluPeak Credit Union, USALLIANCE, Newtek, Federal Credit Union Locations: Axos, —

☆ Regional bank stocks edge higher after two-day slump
▼ + stars: | 2023-05-03 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

PacWest Bancorp (PACW.O) shares rose 6.5% in early afternoon trading after tumbling 28% to close at their lowest level on record on Tuesday. Western Alliance Bank (WAL.N) advanced 4.2%, while Comerica (CMA.N) and Valley National Bankcorp (VLY.O) added nearly 1% and more than 2%, respectively. The KBW Regional Banking Index (.KRX) rose 2% after closing at its lowest level since December 2020 on Tuesday. The plunge in regional bank stocks came after U.S. regulators seized First Republic Bank and sold off its assets to JPMorgan Chase & Co (JPM.N) for $10.6 billion. The bank selloff indicates investor unease over their outlook following the First Republic deal, Brown Brothers Harriman analysts wrote in a note.

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