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Report: FDIC Seeking Buyers for Republic First Bancorp
PYMNTS.com· 17 hours agoIn a July 2023 letter to shareholders, Republic First Bancorp Chairman Andrew B. Cohen and President...
JPMorgan, Citi, and Wells Fargo kicked off bank earnings. Here are the highlights
Quartz· 2 weeks agoJPMorgan Chase, Citigroup and Wells Fargo all beat Wall Street expectations when they reported...
FDIC seeking bids for Republic First: report
Banking Dive via Yahoo Finance· 7 hours agoThe agency last sought bids for the Philadelphia bank in October, Bloomberg reported. The process was halted when the bank struck a deal with investors...
OCC cites three banks for risk management, BSA-related failures
Compliance Week· 7 days agoIn a press release issued Thursday, the OCC announced it entered into a formal agreement with First...
Bay Area Landlords Sue FDIC Over First Republic Bank Leases
The Real Deal· 1 week agoBay Area office landlords have filed separate lawsuits against the Federal Deposit Insurance...
UPDATE 1-Valley National, Eagle Bancorp latest to disclose earnings hit due to CRE footprint
Reuters via Yahoo Finance· 46 minutes agoValley National Bancorp and Eagle Bancorp were the latest regional banks to outline a hit to their earnings from exposure to commercial real estate (CRE) loans, underscoring ...
Las Vegas real estate market crash toppled plenty of banks
Las Vegas Review-Journal· 1 week agoBank shut down within a few days of each other, followed by more volatility when First Republic Bank...
Valley National Bancorp's Q1 profit plunges on bigger loan-loss provisions
Reuters via Yahoo Finance· 2 hours agoValley National Bancorp reported a slump in its first-quarter profit on Thursday, dragged down by a fivefold increase in rainy-day funds on account of its exposure to commercial real estate.
The next bank bailout’s true costs may not be such a mystery
The Hill· 6 days agoProgram — reportedly asked about a trillion-dollar rescue package to prop up distressed...
More Congressional Hearings on Bank Failures
The National Law Review· 1 week agoThis week, the Senate Banking Committee and the House Financial Services Committee held multiple hearings on bank failures that have ...