BNKU - The Regional Bank Crisis Is Not Over
2024-02-09 02:40:00 ET
Summary
- Anyone who thinks that the regional banking crisis is over has not been paying attention to the dismal recent earnings reports of New York Community Bank, Aozora and Julius Baer.
- All of these banks’ earnings have been hit hard by troubled US commercial property loans that are on their books.
- Nor have those who are sanguine about the regional banks’ outlook been paying attention to the warnings from the International Monetary Fund and the Fitch rating agency.
Anyone who thinks that the regional banking crisis is over has not been paying attention to the dismal recent earnings reports of New York Community Bank ( NYCB ), a US $100 billion regional bank, Aozora ( AOZOY ), a Japanese bank with significant US commercial real estate loan exposure, and Julius Baer ( JBAXY ), a Swiss bank....
The Regional Bank Crisis Is Not Over