Lincoln Savings Bank’s Post

Winners of 2023 Bank Crisis Are Finding the New Spotlight Harsh LINK: https://lnkd.in/e_xM7UdF #BankingAndFinanceNews #Banking #Regulations Please Repost

Winners of 2023 Bank Crisis Are Finding the New Spotlight Harsh LINK: https://lnkd.in/eSUy2Fb4 #BankingAndFinanceNews #Banking #Regulations Please Repost

📊 UK banks have delivered solid Q3 results, with Barclays, Lloyds, NatWest, and HSBC exceeding forecasts despite a complex interest rate environment. Strategic use of structural hedges helped offset rate cuts, maintaining net interest margin resilience. 📈 Notably, Barclays and NatWest raised profit forecasts, with Barclays’ £1.6bn in Q3 profits outperforming estimates. NatWest’s robust loan growth and interest margin expansion have analysts particularly bullish. ⚖️ Yet, other pressures loom large in the shape of a court ruling on “secret” commissions in motor finance, which could expose banks to substantial compensation costs. For this, Lloyds has set aside £450mn, while Close Brothers intends to take an appeal to the Supreme Court. With comment from Andrew Stimpson and others Read more here: https://lnkd.in/eRNGy_8b Sally H. reports

🏦 **Breaking News in Banking!** 🚨 🔹 **FDIC Seizure:** The FDIC's recent seizure of Philadelphia-based Republic First Bank has made headlines as the first U.S. bank failure of 2024. 🔹 **Fulton Bank Steps In:** In a strategic move, Lancaster's Fulton Bank has agreed to absorb the majority of Republic First Bank's deposits and assets, securing a significant foothold in the Philadelphia market. 🔹 **Cost to FDIC:** The fallout from Republic First Bank's closure is projected to hit the FDIC's deposit insurance fund to the tune of $667 million. 🔹 **Market Expansion:** With Fulton Bank's acquisition, its presence in Philadelphia will nearly double, boasting combined deposits of approximately $8.6 billion. 🔹 **Smooth Transition:** Despite the change in ownership, customers need not worry. All Republic First Bank branches are set to reopen under the Fulton Bank banner, ensuring continuity in banking services. Stay informed as the banking landscape continues to evolve! #BankingNews #FDIC 📉💼 https://lnkd.in/gwyfJyQ6

There have been 3,409 bank failures since 1936 – the year of the first recorded bank failure in the FDIC’s records. Check out the provided graphic to see the number of bank failures in each of the last 10 years. This past decade has seen the fewest bank failures since the period from 1965-1974. For more banking news and insights, reach out to Ryan Wolf or Luke Sullivan. Ryan Wolf 📞 (972) 755-5207 📧 Ryan.Wolf@marcusmillichap.com Luke Sullivan 📞 (972) 755-5198 📧 Luke.Sullivan@marcusmillichap.com #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #banking

Investor warns over government borrowing. Barclays, HSBC and NatWest cut mortgage rates. Used car price a 'stumbling block' to insolvency. Cars, markets, insolvencies & more business news that we thought would interest our members. https://lnkd.in/ghW3SJp6 #businessNews #creditmanagement #finance #smallbusiness #latepayment #insolvencies #economy

Investor warns over government borrowing. Barclays, HSBC and NatWest cut mortgage rates. Used car price a 'stumbling block' to insolvency. Cars, markets, insolvencies & more business news that we thought would interest our members. https://lnkd.in/gXBwCS7N #businessNews #creditmanagement #finance #smallbusiness #latepayment #insolvencies #economy

It's great to see that the consumer was fully protected during the recent regional banking instability with the largest lenders picking up the tab. Bank of America contributed $2.1b to replenish the FDIC reserves. #SVB #FirstRepublic #Bailout #FDIC #Banking #WealthManagement https://lnkd.in/g-bWNQiX

Approximately 282 U.S. banks, primarily those with assets under $10 billion, are experiencing stress due to the dual pressures of commercial real estate loans and potential losses from rising interest rates. While most of these banks are not insolvent, they are facing financial challenges that could lead to indirect impacts on communities, such as reduced investment in new branches, technological innovations, or staff. However, insured depositors would be protected if these banks fail, as the Federal Deposit Insurance Corporation (FDIC) guarantees deposits up to $250,000 per depositor, per FDIC-insured bank, per ownership category. Sheila Bair, former chair of the FDIC, emphasized that individuals with insured deposits below this limit would not face direct consequences if their banks fail. The article focuses on the challenges faced by small and regional banks in the United States and does not mention topics such as money printing, geopolitical power shifts, the rise of Asia, or the potential end of U.S. hegemony.