regional bank crisis

Pacific Investment Management Co. (PIMCO) foresees a surge in regional bank failures across the U.S. due to their significant exposure to troubled commercial real estate loans. What Happened: According to John Murray, head of PIMCO’s global private commercial real estate team, the distress...

Shares in New York Community Bancorp (NYSE:NYCB) continued to fall heavily on Monday after a brief pick-up last week following the announcement of a $1 billion capital raise. On Wednesday last week, it was announced that Steven Mnuchin, former Treasury Secretary, along with a number of other...

“There will be more bank failures.” This was the stark message from Federal Reserve chairman Jerome Powell on Thursday, addressing the exposure of regional banks to the crisis in the commercial real estate sector. Powell was speaking before the Senate Banking Committee and said the Fed...

In a year when equity markets rallied strongly, short sellers — traders who position for losses on assets — had an extremely tough time in 2023. Data published on Friday by S3 Partners showed that short sellers in the U.S. and Canada were down $194.9 billion in 2023 — down 20.4% on an average short...