The ‘poignant American drama’ of the Home Loan Bank System
The failures of Silicon Valley Bank, Signature Bank and First Republic brought to light the Federal Home Loan Banks’ role as a ‘lender of next-to-last resort.’ Some critics say that the review from the Federal Housing Finance Association should bring the system back to its original purpose of oiling the mortgage finance market.
Nandita Bakhshi, former Bank of the West CEO: The exit interview
Bakhshi looks back on her nearly four-decade career and reflects on what has changed in the industry over the years.
After City National reports a big loss, executives predict a turnaround
Los Angeles-based City National Bank recorded a $247 million loss during a tumultuous final quarter of its fiscal year. But executives at the bank's Canadian parent company say they expect a return to profitability in the first quarter.
CIBC braces for more loan losses in U.S. office sector
The Canadian bank reported a 70% decline in profits at its U.S. commercial banking and wealth management unit in the most recent quarter and boosted reserves amid distress in the commercial real estate market.