(Reuters) -New York Community Bancorp reported a loss for the first quarter on Wednesday, as the commercial real estate-focused lender set aside more funds to cover possible defaults. The bank’s exposure to rent-regulated multi-family properties and office buildings in New York has increased fears of borrowers defaulting on their loans, prompting it to set aside […]
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(Reuters) -TD Bank Group reported a fall in first-quarter profit on Thursday as the Canadian lender set aside more funds to cover for souring loans. Elevated interest rates have raised the chances of more borrowers defaulting on their loan repayments in an uncertain economic environment, prompting lenders to set aside bigger rainy-day funds. Toronto-based TD […]
(Bloomberg) — Bank of Montreal missed analysts’ estimates as it grappled with weak capital-markets revenue and reported an increase in loan-loss provisions. Most Read from Bloomberg The Toronto-based bank earned C$2.56 per share on an adjusted basis in the fiscal first quarter, it said in a statement Tuesday, falling short of the C$3.02 average estimate […]
The Senate voted to advance a Ukraine and Israel aid bill — without any border provisions. Republicans had demanded border security measures, only to reject them as insufficiently harsh. 17 GOP senators joined Democrats in support of moving forward on the legislation. So much for that border security deal. The Senate is now poised to […]
Oleksii Danilov, Secretary of the National Security and Defence Council of Ukraine, has said that the likelihood that the provisions of the updated draft law on mobilisation would not comply with the Ukrainian Constitution is “close to zero”. Source: Danilov in the episode of Ukrainska Pravda. Summary Quote from Danilov: “The MPs who are politically […]
The latest revision of the government’s bill on mobilization lacks a provision to ensure a reliable rotation of troops in the Ukrainian military, the Chair of the parliamentary Defense Committee, Oleksandr Zavitnevych, said in an interview with Interfax-Ukraine on Feb. 2. “We have repeatedly raised this issue in the committee,” said Zavitnevych. Read also: Ukrainian […]
Wells Fargo stock was falling Friday after the bank reported a higher provision for credit losses in the fourth quarter. The bank’s provision for credit losses was $1.28 billion, compared with $957 million in the same period last year. The increase was driven by higher allowances for credit losses on credit cards and commercial real […]
The recent military mobilization draft legislation in Ukraine will not involve the conscription of women or implement a lottery system, Yehor Cherniev, deputy chairman of the Parliamentary Committee on National Security, Defense, and Intelligence, said on air. This announcement comes a day before the security committee’s scheduled vote on the bill. “I can say for […]
Provisions of a state gun law, written in response to mass shootings, won’t go into affect next week in Stanislaus and other counties in California, because of a U.S. District Court decision. Senate Bill 2, which was signed into law by Gov. Gavin Newsom and caught the attention of gun right advocates, expanded the list […]
SYDNEY (Reuters) – Australia’s government on Friday welcomed signs that a U.S. defense spending bill which would authorise the sale of nuclear submarines to Australia is set to pass Congress after a compromise between Republicans and Democrats. The sale is part of AUKUS – a pact with the United States and Britain to develop nuclear-powered […]