Banks disagree on buybacks; New York Community's woes
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
As banks mull buybacks, the fate of Basel III looms large: Large and regional banks are taking different approaches to buybacks in light of the proposed new capital rules. Some plan to buy back stock at moderate levels this year, while others say they will to remain on the sidelines until there is more clarity about the reforms.
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New York Community's shares sink 37% amid real estate stress: The parent company of Flagstar Bank surprised investors by slashing its dividend, charging off two large real-estate loans and preparing for more trouble in the office and multifamily sectors.
How banks can capitalize on the shift to employee-owned businesses: Experts predict the number of small businesses turning to an employee-ownership model will accelerate in the coming years. That would mean opportunities for banks that advise on such transitions.
Powell says balance sheet will get a look in March as rates stay put: Federal Reserve Board Chairman Jerome Powell suggested that a rate cut is coming, but cast doubt about whether the central bank would see enough data suggesting inflation is sufficiently tamed for interest rates to come down at their next meeting.
After delays, WaFd secures regulatory approvals for acquisition of Luther Burbank: Seattle-based WaFd Bank now expects to finalize the deal in February, gaining entrance to California and eclipsing $30 billion of assets. The acquisition had initially been slated to close in mid-2023.
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In the face of financial transitions and regulations, it's essential to adapt and thrive. As Henry Ford once said - Coming together is a beginning, staying together is progress, and working together is success. ??Looking forward to seeing how NYCB and other institutions navigate these changes with innovation and resilience! ???? #FinanceForward
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9 个月American Banker NYCB really threw a wrench in the entire banking sector spreading fear across the board