U.S. Bank Credit Expands Despite Drop in Lending
Bank credit for U.S. commercial banks edged higher over the past week despite a recent downturn in the volume of commercial and industrial lending, data from the Federal Reserve revealed.
Nationwide bank credit rose to $17.31 trillion in the week ending June 28 on a...
Bank Leumi Expects 50% Drop in Q1 Profits Following Decline of U.S. Arm
Bank Leumi, Israel's largest bank by assets, announced on Sunday that it expects a 50% decline in its profits for the first quarter of 2023. This comes after news of the decline in the valuation of the bank's U.S. unit.
Shares in Leumi were up...
U.S. Bank Lending Experiences Record Drop in Late March
The U.S. banks saw a historic drop in lending in the final weeks of March, one not seen in the last 50 years. The slump was likely influenced by the recent banking crisis and fears over the troubling economy.
According to Federal Reserve data, lending...
First Republic Bank Is No Longer Looking For a Buyer
San Francisco’s First Republic Bank is off the market. According to a report by Fox Business, the bank decided to hit a pause on efforts to be sold until its balance sheet is improved.
There are several reasons why First Republic Bank is no longer...