The latest S&P credit rating downgrades for several small and midsize banks show how the fundamental business of banking has become tougher. Ratings agency S&P Global downgraded five U.S. regional banks (including KeyCorp, which is the 20th largest U.S. bank) on Monday, and put two others on notice for a potential downgrade.
What’s Really Behind Small Banks’ Struggles?
James Surowiecki, Fast Company
Wed, 08/23/2023 - 6:30am
BING NEWS:
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“ Pent-up demand for growth and operational improvements—stifled by the high-rate environment of 2024—should begin to materialize. The landscape will also be shaped by a cautious optimism, as ...
12/1/2024 - 4:03 pm | View Link - Two CT banks plan merger in deal to create bank with $1.4B in combined assets
This is a tremendous opportunity to bring together two historic community banks with shared core values…,” one CEO said.
11/27/2024 - 9:51 pm | View Link - Houston's top banks have $312 billion in deposits, $10 trillion in assets
In total, the top 75 banks in Houston had $312.55 billion in local deposits and $10.71 trillion in assets. For context, the top 250 U.S. banks had an average of $30.4 billion in domestic deposits and ...
11/27/2024 - 2:20 am | View Link - ‘Let the banks be banks’—Trump’s pick for Treasury has $23 trillion sector champing at the bit
B ankers can’t wait for Donald Trump’s nominee for Treasury Secretary, Scott Bessent, to take control. If he is confirmed, Bessent will oversee a variety of agencies—includi ...
11/25/2024 - 10:25 pm | View Link - Are Banks Open Today? Here's a List of U.S. Bank Holidays for 2024 and 2025
Banks and credit unions often close on holidays in the Federal Reserve System's holiday schedule. Find out if your bank or credit union is open today.
11/25/2024 - 2:36 am | View Link - More
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