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In the Market-Ratings firms quizzed banks after NYCB, fueling worries

On Feb. 1 as New York Community Bancorp stock fell amid worries about its real estate exposure, a regional bank hundreds of miles away got a call from Moody's. The ratings agency wanted to know if the bank was seeing any fallout. Moody's asked the bank, based in the U.S. south, a series of questions, ranging from whether its clients were worried and had withdrawn any deposits to what kind of funding facilities it had in place for contingencies, the bank's CEO said. The southern ...
United States Christopher Wolfe Stuart Plesser Jason Darby Raj Singh Paritosh Bansal
Source: yahoo.com

After spring crisis, US banks face subdued profit outlook

The upcoming deluge of US bank earnings is expected to show more pressure on deposits, an uptick in reserves for bad loans and much talk about potential new regulations. "You're going to see some challenges on the earnings picture," said Chris Wolfe, a managing director at Fitch Ratings, who expects banks to set aside greater reserves as households savings erode.
United States Chris Wolfe Clifford Rossi Patrickt Fallon Stuart Plesser Michael Barr
Source: tuko.co.ke

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