Catherine Leffert is a Washington, D.C.-based reporter covering national and regional banks. Before joining American Banker, she covered banking, private equity and other finance topics at Dallas Business Journal. She's a graduate of Syracuse University.
Valley National Bank and Dime Community Bancshares expect a better balance of deposit costs to help boost their net interest margins in 2025.
The $4 trillion-asset bank posted its highest-ever annual profit but also said its CEO succession plan is still in the works.
Richard "Dick" Parsons, the former Citigroup chairman who died Thursday, is credited with helping the New York megabank survive the financial crisis. Earlier in his career, he led Dime Savings Bank out of the savings-and-loan crisis.
Treasury yields rose the day after President-elect Donald Trump was picked. The short-term result: It's harder for commercial real estate lenders and borrowers to find common ground.
As the commercial real estate industry sputters along, lenders, investors and analysts are putting less stock in loan-to-value ratios, a longtime bellwether of risk.
The latest violations come as the bank expects to face more than $3 billion in regulatory fines for anti-money-laundering failures.
Prophecies about a wave of bank failures caused by sickly CRE loans haven't yet come true. But there are still plenty of caution signs in a saga that will take years to play out.
The Canadian lender's cushion for potential credit losses nearly doubled in the third quarter, while its U.S. business idled.
First Foundation in Dallas recently got a $228 million capital injection led by Fortress Investment Group. Now it's announced plans to pivot away from its heavy focus on multifamily loans, which lost value as interest rates rose.
The Charlotte, North Carolina-based bank saw profits and net interest income dip in the second quarter, but made up lost revenue through investment banking fees.