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Commercial real estate foreclosures jumped 117% in March

EXCLUSIVEWill empty office space cause the next financial crisis?

America's doomsday fears REVEALED: From World War 3 to killer robots

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Commercial real estate foreclosures jumped 117% in March

18/04/24 18:45

Commercial real estate foreclosures are ramping up across the US as soaring interest rates and the slow return of workers to office spaces begin to take their toll....read

The zombie office timebomb: Commercial real estate foreclosures jumped 117% in March - as experts warn it could trigger the next banking crisis
18/04/24 18:16
Commercial real estate foreclosures are ramping up across the US as soaring interest rates and the slow return of workers to office spaces begin to take their toll.
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America's doomsday fears REVEALED: Worries range from World War 3 to killer robots - but another dreaded scenario is the scariest of all
12/04/24 20:08
Wars in Ukraine and Gaza could widen, the polar ice caps are melting, and even some scientists developing artificial intelligence systems are worried about unleashing a monster.
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Wealthy savers could be hit by minor tweak to the way their money is insured at banks- are YOU affected?
10/04/24 11:43
Wealthy savers are being urged to check their money is still insured by the Federal Government following a little-known tweak to rules.
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Chase, Citizens, First Republic and Trustco customers hit by 23 branch closures in a week - is YOURS affected?
05/03/24 13:14
Banks filed to close 23 branches in a single week this month - with JPMorgan Chase leading by announcing plans to shut 18 in California alone.
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Will empty offices cause the next banking crisis? Commercial real estate 'debt bomb' of $929 billion comes due this year with HUNDREDS of banks facing insolvency runs if default rates on the loans spike
17/02/24 14:03
Some $929 billion of outstanding commercial mortgages held by lenders and investors will mature in 2024, or 20 percent of the $4.7 trillion total outstanding debt.
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How to protect YOUR cash from banking Armageddon: Shark Tank star Kevin O'Leary warns THOUSANDS more 'radioactive' regional banks could fail like SVB - you'll be amazed how simple it is to be safe
14/02/24 13:22
O'LEARY: In the next three to five years, thousands more regional institutions will fail. Here are my top five tips for protecting your family's savings and investments in a rapidly changing world..
How bots and short sellers brought down First Republic Bank
31/01/24 22:54
Bots and fake accounts spread misinformation about First Republic Bank , triggering the withdrawal of $100billion in deposits until it became the second-biggest bank failure in U.S. history.
Alright for some! JPMorgan Chase rakes in highest annual profit EVER for a US bank - just days after gloomy CEO Jamie Dimon warned Americans to prepare for a recession
12/01/24 19:56
JPMorgan Chase made the highest annual profit in the history of US banking last year, just days after CEO Jamie Dimon warned Americans to prepare for a recession.
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Regional banks Comerica, First Horizon and Zions are at the greatest risk of being acquired by larger rivals, analysts warn, as industry faces shake up following collapse of Silicon Valley Bank - is yours at risk?
28/11/23 18:46
Since the collapse of Silicon Valley Bank in March, the US banking industry has been poised for a reconfiguration that could see smaller regional banks wiped out.
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San Francisco venture capitalist Michael Rothenberg dubbed 'Silicon Valley's Party Animal' is convicted of fraud totalling $19 million and now faces up to 60 years in prison
20/11/23 18:59
Michael Brent Rothenberg, who was raised in Georgetown, Texas , used his dense network of successful friends to set up his own VC fund in 2012.
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America's major banks are sitting on $650 billion of unrealized losses
08/11/23 14:42
A US bond market collapse has lumbered some of America's largest and most prestigious banks with as much as $650 billion in unrealized losses.
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America's major banks are sitting on $650 BILLION of unrealized losses thanks to crashing bond market which also took down beleaguered Silicon Valley Bank
08/11/23 13:01
A US bond market collapse has lumbered some of America's largest and most prestigious banks with as much as $650 billion in unrealized losses.
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Figures reveal 459 US firms have filed for bankruptcy this year
10/10/23 20:41
Large-scale corporate bankruptcies are at their highest level since 2020 as elevated interest rates continue to batter businesses.
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The rise of the MEGA bankruptcy: 459 US firms have filed for bankruptcy this year - the most since 2020 - and 16 had more than $1 billion in assets
09/10/23 21:14
Large-scale corporate bankruptcies are at their highest level since 2020 as elevated interest rates continue to batter businesses.
Republican calls for credit card APR to max out at 18%: Senator Josh Hawley demands a cap to stop rates soaring to 24% and debt hitting $1 trillion
11/09/23 21:44
Sen. Josh Hawley has a new populist proposal that eschews the laissez-faire Republican economics of old: he wants to install an 18 percent cap on credit card interest rates.
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Is a 'SURPRISE recession' on its way? Veteran technical analyst warns Wall Street has become too complacent about the US economy - and predicts more banks could fail like SVB
11/09/23 17:05
Wall Street has become too complacent over the risk of a recession, a veteran technical analyst has warned as he predicted the S&P 500 could plunge to lows not seen since the pandemic.
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Moody's has slashed the credit rating of ten US banks, including M&T and Webster Financial, here's what it could mean for you
09/08/23 17:19
America's banking sector is in a state of flux after ten regional firms had their credit ratings slashed by Moody's.
Bank of America profits jump 19% to $7.4BILLION as it cashes in on Federal Reserve's relentless interest rate hikes - one week after firm was fined $250million in regulator row
18/07/23 16:47
Bank of America's profits shot up by 19 percent in the second quarter of the year as it cashed in on the Federal Reserve's relentless interest rate hikes.
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Clarifications and corrections
30/06/23 23:00
In articles published on 11 and 13 March reporting on the collapse of Silicon Valley Bank in the United States, Dailymail.com wrongly described Jay Ersapah as the Chief Risk Officer and...
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Silicon Valley Bank customers who had their collective $38 million in Cayman Islands deposits wiped to ZERO win court ruling that could help them get their money back
30/06/23 21:54
A Cayman Islands court approved a petition filed on June 13 to wind up the local branch of the bank, according to the Wall Street Journal, which argued it was unable to pay the debt.
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Do you store a few hundred bucks in Venmo, PayPal or CashApp? MOVE it. That money is not protected and could vanish in a bank run: federal watchdog says BILLIONS at risk
02/06/23 14:50
Users of digital banking apps are advised against using them to store money long term. Those funds are not protected, and could be lost in a Silicon Valley Bank-style financial crisis, says federal agency.
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JPMorgan lays off 1,000 First Republic bank employees in 'four-minute, scripted phone call' three weeks after acquiring the bank
26/05/23 01:44
JPMorgan laid off 1,000 First Republic Bank employees three weeks after buying out the collapsed firm. About 85 percent of the remaining 7,000 employees were offered positions.
Former Silicon Valley Bank CEO says he went to HAWAII to 'relax' with his wife's family after bank collapse - and claims he is 'truly sorry' for its failure
16/05/23 20:53
Former SVB CEO Greg Becker was grilled in front of the Senate Banking committee on Tuesday, following the March collapse of the institution he headed for 11 years.
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Paid TV services shed 2.3 MILLION customers in the first quarter as subscription penetration reaches the lowest point since 1992: Analyst says 'sun beginning to set' on live television
12/05/23 19:47
Cord cutting in the US has hit an all-time high, with paid subscriptions for live multichannel TV packages dropping another 2.3 million in the first quarter, according to a new report.
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Banking fears spark £4.8bn withdrawals: Britons pull record cash amounts out of accounts despite FSCS protection amid concern over US crisis
04/05/23 23:10
As shares in America's regional lenders tumbled yesterday on another brutal day for the sector, Bank of England (BoE) figures showed £4.8billion was pulled out of UK banks in March.
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Americans are MORE worried about the safety of their money than during the 2008 financial crisis: Half now fear for deposits after collapse of Silicon Valley Bank and First Republic - as PacWest teeters on the brink
04/05/23 14:15
Nearly half of Americans are worried about the safety of their bank deposits following turmoil in the industry that's led two institutions to collapse and left others teetering on the bring.
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PacWest regional bank shares plunge 50% after execs pleaded for a sale or cash injection - as its huge investment in volatile commercial real estate loans causes concern on Wall Street
04/05/23 04:21
PacWest, a Beverly Hills-based bank, was revealed on Wednesday to be considering options including a sale or an injection of fresh capital. News sent the share price nose-diving.
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Is the worst of the banking crisis over or has it just begun? First Republic collapse sparks regional bank shares sell-off and Moody's downgrades 11 regional banks citing commercial real estate exposure
02/05/23 16:19
Depositors fled regional lenders following the collapse of First Republic Bank on Monday, sparking fears that recent banking turmoil is far from over.
First Republic collapse sparks regional bank shares sell-off - fueling fears that the third banking crisis this year could engulf other midsized firms
02/05/23 05:53
The banking turmoil erupted from the closure of Silicon Valley Bank and Signature Bank in March, causing depositors to flee regional lenders and fueling fears.
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How safe is your money? As First Republic becomes third bank to fail, we reveal what to do if you're worried about your cash
01/05/23 16:41
Panic has swept the banking sector after First Republic became the third firm to fail this year. So is your money safe? Dailymail.com looks at what to do next.
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Is America's banking system safe? The three banks that have failed this year are bigger than the 25 that crumbled in 2008 holding a total of $532BILLION in assets
01/05/23 15:28
Officials announced Monday that they closed San Francisco-based First Republic Bank, making it the third major US bank to collapse in the past two months.
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First Republic Bank seized by regulators and sold to JPMorgan
01/05/23 14:24
First Republic had struggled with high levels of uninsured deposits since the collapse of Silicon Valley Bank and Signature Bank, as investors and depositors grew increasingly worried.
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JPMorgan takes control of First Republic's $92 BILLION deposits but not company's $100B corporate debt or preferred stock after buying bank
01/05/23 07:50
First Republic had struggled with high levels of uninsured deposits since the collapse of Silicon Valley Bank and Signature Bank, as investors and depositors grew increasingly worried.
First Republic Bank's fate is in limbo as US regulators consider bids from PNC, Chase and Citizens
01/05/23 05:55
PNC, JPMorgan Chase & Co and Citizens were among banks that submitted final bids for First Republic Bank on Sunday in an auction by U.S. regulators.
Silicon Valley Bank failed due to 'textbook case of mismanagement' along with weak regulations and lax supervision, Fed says in scathing report - as it blames social media for driving bank run within HOURS
28/04/23 16:03
The report on Friday, authored by Fed staff and Michael Barr, the Fed's vice chair for supervision, takes a critical look at what the Fed missed as Silicon Valley Bank ballooned in size in recent years.
Now First Republic will lay-off up to 25% of staff and slash executive pay after 'unprecedented' deposit losses worth $100BILLION following SVB's collapse
25/04/23 12:24
First Republic is 'working to restructure our balance sheet and reduce our expenses and short-term borrowings,' finance chief Neal Holland said in a statement.
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Time to ditch and switch! Savvy savers pull $60BILLION out of big banks after they failed to pass on interest rate hikes - so where ARE the best deals?
21/04/23 14:16
Customers withdrew $60 billion worth of deposits in the first quarter of the year in search of better savings accounts. Dailymail.com analyzes the best deals on the market.
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Federal Reserve economists project recent banking crisis will tip economy into recession, meeting minutes show
12/04/23 21:19
The minutes from the Fed's March 21-22 meeting, released on Wednesday, show how the collapse of Silicon Valley Bank and Signature Bank of New York dominated the discussion.
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REVEALED: Execs at failed Signature Bank sold $100 million in stock over the past three years - as shares soared to peak price of $366 before company collapsed last month
04/04/23 21:43
The insider sales had not been widely known because they were disclosed to regulators in a manner that is unusual for companies of Signature's size.
JPMorgan CEO Jamie Dimon warns stress on banking sector started by SVB implosion IS a 'crisis' and there'll be 'repercussions for years' - but says it is 'nothing like 2008 financial crash'
04/04/23 13:46
The boss of JP Morgan has said the banking sector is in 'crisis' and warned there will be 'repercussions for years' following a spate of bank failures.
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Giannis Antetokounmpo opened SEVEN US bank accounts to spread his cash when he first joined the NBA... before baffled billionaire Bucks owner stepped in with investment advice for his star man
03/04/23 17:25
'I had no money growing up, so I asked them, ''Is my money safe?''' said Giannis, who's reportedly made $80.9M in earnings since being drafted nearly a decade ago, according to Forbes.
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White House skirts Congress to push new regional bank rules that would reverse Trump-era rollbacks after Silicon Valley Bank collapse
30/03/23 20:35
The Biden administration proposed new bank measures Thursday that it says can be done without the help of Congress and will reverse some of the regulatory rollbacks made during the Trump-era.
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