DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Bruce Van Saun - 5 Van Saun - 2 NYCB - 1 Kori Suzuki - 1 Reuters It’s - 1 it’s - 1 Jerome Powell - 1 Richard Drew - 1
Top related locs:
New York Silicon San Francisco , California Providence , Rhode Island Covid New York City , New York U.S California
Top related orgs:
Citizens Financial - 4 Citizens - 2 REUTERS - 2 Financial - 1 New - 1 New York CNN - 1 Citizens Financial Group - 1 New York Community Bank - 1

Search resuls for: "Van Saun"


10 mentions found


☆ Citizens Financial Group CEO on Q1 results
  + stars: | 2024-04-17 | 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 EmailCitizens Financial Group CEO on Q1 resultsBruce Van Saun, Citizens Financial Group CEO, joins 'Squawk on the Street' to discuss how Van Saun characterizes the company's quarterly earnings results, why capital markets activity is sustainable, and more.
Persons: Bruce Van Saun, Van Saun Organizations: Financial, Citizens Financial
☆ Regional banks were all ‘guilty until proven innocent’ after Silicon Valley Bank, Citizens CEO says
  + stars: | 2024-03-10 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +9 min
Other regional bank stocks got slammed: By the end of the day, most saw their stock down by double-digit percentages. Kori Suzuki/ReutersIt’s been exactly one year since that fateful day marked the start of a string of subsequent bank failures. Because of that, “there will be bank failures,” Federal Reserve Chair Jerome Powell warned senators in his semi-annual testimony last week. Bruce Van Saun: People like to call last year’s bank failures regional bank failures. Office real estate is just one component of commercial real estate, albeit the most worrisome to banks and economists.
Persons: Bruce Van Saun, NYCB, Kori Suzuki, Reuters It’s, it’s, Jerome Powell, Van Saun, Richard Drew, didn’t, Michael Nagle, Joseph Otting, Otting, CARLOS BARRIA, we’re, we’ve Organizations: New, New York CNN, Citizens Financial Group, New York Community Bank, NYCB, Reuters, CNN, Signature Bank, Silicon Valley Bank, Citizens Financial, Providence, Financial Group, Bloomberg, SVB, we’re, SoFi, Citizens, OneWest Bank, CIT Group, REUTERS Locations: New York, Silicon, San Francisco , California, Providence , Rhode Island, Covid
☆ Citizens Financial CEO on Q4 results: We are starting to see less pressure on our funding cost
  + stars: | 2024-01-17 | 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 EmailCitizens Financial CEO on Q4 results: We are starting to see less pressure on our funding costBruce Van Saun, Citizens Financial Group CEO, joins 'Squawk on the Street' to discuss the company's net interest income data, how lower interest rates could provide a tailwind for the bank's net interest income, and more.
Persons: Bruce Van Saun Organizations: Citizens Financial
☆ Factbox: U.S. banks increase reserves for commercial real estate exposure
  + stars: | 2023-07-21 | by ( Matt Tracy | ) www.reuters.com   time to read: +5 min
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. However, Borthwick noted the bank's office CRE exposure was low relative to its overall loan portfolio, at 2%. CRE loans represented just 15% of the bank's overall lending book, while only 1% of the CRE loan portfolio was office-related. WELLS FARGO (WFC.N)The bank said it had a $949 million increase in its allowance for credit losses, primarily CRE office loans. WEBSTER FINANCIAL CORP (WBS.N)The regional bank's nonperforming CRE loans ticked up to $47.9 million last quarter from $35.8 million in the first quarter.
Persons: Goldman Sachs, Andrew Kelly, Alastair Borthwick, Borthwick, GOLDMAN SACHS, markdowns, Denis Coleman, Jeremy Barnum, WELLS, Charlie Scharf, Bruce Van Saun, Dominic Ng, East, James Leonard, MORGAN STANLEY, Webster, Glenn MacInnes, John Ciulla, Matt Tracy, Michelle Price, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, U.S, AMERICA CORP, GOLDMAN SACHS GROUP INC, Goldman, JPMORGAN CHASE &, JPMorgan, Citizens, EAST WEST BANCORP, East, BANCORP, WEBSTER FINANCIAL, Thomson Locations: New York City , New York, U.S, California, CRE
☆ Citizens Financial CEO on deposit growth, credit market and earnings
  + stars: | 2023-07-19 | 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 EmailCitizens Financial CEO on deposit growth, credit market and earningsBruce Van Saun, Citizens Financial Group chairman and CEO, joins 'Squawk on the Street' to discuss the bank's quarterly earnings results, Van Saun's message to investors, and the cost of Citizens Financial's deposit growth.
Persons: Bruce Van Saun, Van Organizations: Citizens Financial
☆ Federal Reserve has to factor in slower bank lending: Citizens Financial Group CEO
  + stars: | 2023-04-19 | 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 EmailFederal Reserve has to factor in slower bank lending: Citizens Financial Group CEOBruce Van Saun, Citizens Financial Group CEO, joins 'Squawk on the Street' to discuss insights into the company's deposit flows, why bank margins may be affected by deposit flows, and more.
☆ Citizens Financial misses profit forecast as it sets aside more rainy-day funds
  + stars: | 2023-04-19 | by ( Saeed Azhar Manya Saini | Saeed Azhar | Manya Saini | ) www.reuters.com   time to read: +2 min
April 19 (Reuters) - Citizens Financial Group Inc's (CFG.N) first-quarter profit missed Wall Street estimates as deposits declined and it set aside more rainy-day funds to cover for souring loans. The potential economic downturn prompted Citizens to set aside $168 million in case its customers default on their loans, compared with $3 million a year earlier. Citizens gradually set aside more money to cover potential losses on office loans, where it predicts weakness as remote working becomes more popular, while rising interest rates and a weaker economy put pressure on borrowers. Average deposits fell 2.6% to $174.4 billion in the three months ended March 31, compared with $179 billion at the end of the previous quarter. Citizens reported an underlying profit of $1.10 per share; analysts' on average had expected it to report $1.13 per share, according to Refinitiv IBES data.
☆ U.S. lender Citizens stepping back from auto loans - CEO
  + stars: | 2023-01-30 | by ( Saeed Azhar | ) www.reuters.com   time to read: +2 min
Citizens has reduced its auto loan portfolio to about $10 billion as of now from a peak of $14.5 billion in December 2021, Bruce Van Saun recently told Reuters. "We basically made a decision to move that portfolio down materially over time," Van Saun said. Van Saun said it will be brought down to $5 billion to $6 billion by 2024. "We believe that most banks recognize the growing risks in auto lending outside of the super prime segment," he said. Citizens' Van Saun said the bank is also tightening its appetite for new mortgage credit, but that move is mot as dramatic as that for auto loans.
☆ Big servicing book a hedge for falling production revenues, says Citizens Financial Group CEO
  + stars: | 2022-10-19 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig servicing book a hedge for falling production revenues, says Citizens Financial Group CEOCitizens Financial Group CEO, Bruce Van Saun, joins 'Closing Bell' to discuss the bank's earning beat, its strong capital ratio and credit positioning, and the slowdown in demand for mortgages.
☆ Citizens is targeting wealthy clients with the launch of a new private bank. Here's how the firm is beefing up its wealth management business.
  + stars: | 2022-10-11 | by ( Carter Johnson | Hayley Cuccinello | ) www.businessinsider.com   time to read: +7 min
On Tuesday, Citizens said it plans to launch a new private bank by the end of the year. Citizens Private Client will cater to customers with $200,000 more in deposits or investments. Citizens Private Client is intended to retain these customers as their financial needs become more complex. Private banking is a profitable business with relatively stable revenue that is often based on fees. The new private bank program is the latest step in Citizens' strategy to beef up its wealth management offerings.
0 next >>
Total: 10