Capital

Pack of regionals can satisfy stress tests with minimum buffer

06/30/20

Six of the eight regional banks that announced their stress capital buffers on Tuesday said they will need just a 2.5% cushion to weather an economic downturn. All eight said they’ll keep their dividends steady.

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Wells Fargo to cut dividend; other big banks boost capital buffer

06/29/20

In response to the Federal Reserve's stress tests, Wells said it will lower its third-quarter distribution to shareholders. Meanwhile, JPMorgan Chase, Goldman Sachs and five other companies announced stress test capital buffers that exceed the minimum requirement.

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Fed freezes stock buybacks, caps dividends after stress test results

06/25/20

In the most sweeping capital distribution order since the financial crisis, the Federal Reserve says it will prohibit big banks from buying back their stock in the third quarter and limit dividend payments to second-quarter levels.

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GSEs hire Morgan Stanley, JPMorgan Chase as financial advisers

06/15/20

As they prepare to exit government conservatorship, Fannie Mae and Freddie Mac have enlisted the investment banks to help them boost capital and evaluate market opportunities.

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Why serial acquirer Stephen Gordon is starting a bank from scratch

06/15/20

The last bank where he was CEO, Opus Bank, ran into trouble largely because it made too many acquisitions in too short a time span. This time around, Gordon will take a more methodical approach.

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Coronavirus undermines de novo bank effort in Florida

06/11/20

Organizers of Coastal Community Bank withdrew their application after the pandemic disrupted efforts to raise capital.

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Organizers planning de novo bank in New York City

06/10/20

The group behind NewBank is pursuing a charter with the Office of the Comptroller of the Currency to offer banking services nationwide.

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Former Opus chief leads group behind proposed California bank

06/09/20

Stephen Gordon would become chairman and CEO of Genesis Bank, which is looking to raise $53 million in initial capital.

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The reasons some banks have a hard stop on PPP lending

05/29/20

Many lenders are paying close attention to liquidity and capital ratios. Others are trying to avoid overtaxing employees who process, service and handle forgiveness of the loans.

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Banks are still paying dividends, but for how long?

05/28/20

Payouts continue to be relatively generous, but that could change if the Federal Reserve demands banks bolster capital or the economy worsens.

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