Capital

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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Pandemic prompts banks flush with capital to raise more

05/22/20

Some lenders are issuing debt and preferred stock to provide an extra buffer for credit losses. Others are preparing for growth opportunities.

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Proposed Georgia bank secures conditional regulatory approval

05/20/20

Craft Bank, which plans to open this summer, is in the final stage of raising $30 million in initial capital.

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Fed warns corporate debt risk could soar the longer pandemic lasts

05/15/20

The central bank's Financial Stability Report said companies may face difficulties repaying debt given lower earnings, “which could trigger a sizable increase in firm defaults."

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PNC unloading BlackRock stake; Deutsche Bank sells €$1.25B of unsecured debt

05/12/20

The regional bank’s $240 million investment from 1995 is now worth $17 billion, which it could use to fund acquisitions; the debt deal will count towards the German bank’s capital buffers.

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PNC to divest large stake in BlackRock

05/11/20

The Pittsburgh company has owned a 22% position in the money manager since 1995.

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