A rough few months for most U.S. bank stocks has been particularly unkind to regional banks, and that’s not likely to change soon as hopes dim for higher long-term interest rates and timely policy relief from Washington.
Italian banks are considering assisting in a rescue of troubled lenders Popolare di Vicenza and Veneto Banca by pumping 1.2 billion euros ($1.4 billion) of private capital into the two regional banks, sources familiar with the matter said.
Following President Donald Trump’s election victory in November, regional bank stocks aggressively rallied as investors cheered the possibility of a new banking boom during the Trump era. On the campaign trail, Trump repeatedly called for...
Japan's Sumitomo Mitsui Financial Group Inc (SMFG) and Resona Holdings Inc said on Friday they have agreed to combine their regional banks in the face of tough market conditions that are widely expected to worsen.
The pair plan to set up a...
While US regional banks are thriving, European banks of a similar size, in similar economies, are the focus of concern. If they want to survive in a rapidly changing eurozone, they might do well to take a look at provincial America.
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