The thaw in bank lending for commercial real estate appears to have quickened a bit in the second quarter based on comments from bank executives in their earnings conference call. It is not a unanimous movement back into CRE lending as several of the larger banks are still working thr
LONDON/NEW YORK (Reuters) – Major ratings downgrades by Moody's will further divide the world's biggest banks based on their strength and access to cheap customer deposits. The ratings, released Thursday by Moody's Investors Service, gave a competitive advantage t
NEW YORK (Reuters) – Stocks rose on Friday, led by gains in bank shares, as the S&P 500 index bounced back from its second-worst decline of the year. The benchmark index slid 2.2 percent on Thursday, its biggest drop since June 1, on signs of a global slowdown in manufacturi
WASHINGTON (Reuters) – The largest U.S. banks are accusing the Federal Reserve of attempting to misuse its new regulatory powers to shrink financial giants under the misguided belief that “big is bad.” Lobbying groups representing the big banks are pushing back again
Reuters – U.S. stocks rose on Thursday, putting the S&P on track for its third straight advance after earnings from Bank of America and Morgan Stanley lifted financials and strong demand at European bond auctions eased concerns over Europe. Yahoo! News: Business News
Reuters – Stocks closed higher on Tuesday for a second day in a row as late-day news about Europe sparked an afternoon rally that erased early weakness. Yahoo! News: Business News
While commercial real estate continues to burden the nation’s 7,522 banks and thrifts that reported results to the FDIC as of June 30, the severity of the CRE-related impairment is gradually decreasing and lending is on the increase. Overall, banks continued to scale back the to
Regulators closed four more banks in the past week: First Southern National Bank in Georgia, Lydian Private Bank in Florida, First Choice Bank in Illinois and Public Savings Bank in Pennsylvania. In Florida, the Office of the Comptroller of the Currency (OCC) appointed the Federal Dep