Investors looking for cover from the broad selloff of U.S. bank stocks might find safe haven in strong deposit franchises. Bank stocks have come under severe pressure amid concerns about slowing economic growth and a challenging interest rate environment, punctuated by an inverted yield curve. Few institutions have been spared from the broad selloff of the bank group, but depos...
READS&P Global Market Intelligence has released its annual rankings of 2018’s best-performing banks in three categories: community banks with assets between $3 billion and $10 billion, community banks with assets less than $3 billion, and top-performing credit unions. Southfield, Mich.-based Sterling Bancorp Inc. retained its No. 1 position as the best-performing large U.S. communi...
READIf U.S. banks have too rosy of an outlook when complying with the current expected credit loss model, they might defeat part of the accounting provision's purpose. If CECL works counter-cyclically as intended, it will help banks prepare for the next downturn as they pull forward losses by reserving for them up front. But many bankers have argued that it will prove difficult to ...
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