January 16, 2024
Via: Banking DiveFor the quarter ending Dec. 31, the nation’s top six banks reported charges totaling $9.4 billion related to the Federal Deposit Insurance Corp.’s special assessment aimed at replenishing the agency’s deposit insurance fund after several bank failures last year. The […]
March 30, 2023
Via: JD SupraBoth the Senate Banking Committee and House Financial Services Committee held hearings this week on the federal regulatory response to the failures of Silicon Valley Bank (“SVB”) and Signature Bank. Witnesses at both hearings were Federal Reserve Board (“FRB”) Vice […]
March 20, 2023
Via: Banking DiveNew York Community Bank subsidiary Flagstar acquired a large segment of Signature Bank for $2.7 billion, NYCB and the Federal Deposit Insurance Corp. announced Sunday. Included in NYCB’s purchase are $38.4 billion in assets, $25 billion in cash, $12.9 billion […]
March 13, 2023
Via: FinTech FuturesIn a joint statement, Treasury secretary Janet Yellen, Federal Reserve board chair Jerome Powell, and Federal Deposit Insurance Corporation (FDIC) chair Martin Gruenberg outlined how they are taking “decisive action” to strengthen confidence in the banking system. As well as […]
February 7, 2023
Via: American BankerSignature Bank was accused in a lawsuit by an investment firm of facilitating the FTX collapse by allowing the now-defunct crypto exchange to commingle customer accounts with its blockchain network. Signature did this even though it had observed suspicious FTX […]
April 19, 2022
Via: YahooSignature Bank SBNY reported first-quarter 2022 earnings per share of $5.3, beating the Zacks Consensus Estimate of $4.31. Also, the bottom line substantially increased 63.6% from the prior-year quarter’s reported number. Increase in revenues, supported by a rise in net […]
January 26, 2021
Via: YahooIn search of value opportunities, investors may want to have a look at the three banks listed below, since their prices are trading at a discount to the intrinsic value calculated by GuruFocus’ earnings-based discounted cash flow calculator. These securities […]