[dynachrome]

“amended its fourth-quarter losses from $252 million to $2.7 billion “

Just a rounding error.

[PGR88]

whoopsie

[ConservativeMind]

The announcement reignited concerns about the commercial real estate market which, in New York City, has been struggling over the so-called “urban doom loop” caused by an influx of working from home during the pandemic — a trend that has stuck despite return-to-office mandates.

I love hearing about the “urban doom loop.”

May liberal hellholes rot away into nothingness. COVID was able to bring an excellent insurmountable problem to runaway city government spending.

[ClearCase_guy]

CEO exits

Defenestration comes later.

[BobL]

What do people expect from a bank with a Communist name?

[CFW]

I think the Fed has been covering up the weaknesses in regional banks. After the failure of the couple of banks last spring, the government and media declared the banking system sound and little more has been said.

I look for more banks to soon fail and/or be bought up by one of the Big Four. Soon, we will have fewer banking options. Also, eventually banks will come after the credit unions making them a less viable option.

[Qwapisking]

if bad loan risks sink your bank...thank a democrat.

[Mariner]

When your loans are bringing in 3% and your cost of borrowing new capital is 6%, you’re a zombie bank.

Just like all the other banks.

[EEGator]

How much money did the CEO make while at the helm of its destruction?

[ridesthemiles]

THE ‘GET TRUMP” EFFECT ALREADY?????

[Honest Nigerian]

For much of this century returns on cash was like less than 0.5% per year. This was a war on savers.
So getting like a 5% return on cash is pretty good.

[Freest Republican]

I guess nine federal agencies and state banking regulators still aren’t enough to oversee the banks?-said no rational human being ever.

[blackdog]

As long as the loan request asset values weren’t inflated, default is okeedokee.

[bitt]

RUH-ROH