Valley Bank
| Use attributes for filter ! | |
| Stock price | VLY |
|---|---|
| Disclaimer | |
| Headquarters | Wayne |
| New Jersey | |
| United States | |
| CFO | Michael D. Hagedorn |
| Total assets | 30. 88 billion USD (September 30, 2018) |
| Number of employees | 2,842 (2017) |
| Subsidiaries | New Century Asset Management Limited |
| Senior executive vice president | Robert J. Bardusch |
| Michael D. Hagedorn | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2337712 |
About Valley Bank
Valley National Bancorp, doing business as Valley Bank, is a regional bank holding company headquartered in Wayne, New Jersey with approximately $30 billion in assets.
What's going on at Metro Bank?
... Analysts are also on high alert for any problems in the banking sector following the collapse of US banks Silicon Valley Bank and Signature Bank in March this year...
HSBC profit more than doubles as interest rates rise
... 5bn provisional gain from its purchase of collapsed Silicon Valley Bank s British business (SVB UK)...
Silicon Valley Bank: 500 jobs cut by new owner First Citizens
...By Mariko OiBusiness reporterThe new owner of Silicon Valley Bank s (SVB) US operations, First Citizens, is cutting around 500 roles held by former SVB workers, the BBC understands...
US bank shares slide after First Republic rescue
... The fears intensified in March, when panic sparked by the sudden collapse of Silicon Valley Bank - then the US s 16th largest lender - prompted global sell-offs of bank shares and led many US bank customers to shift their money to firms seen as safer...
Silicon Valley Bank: HSBC says UK buyout boosted profit by $1. 5bn
... 2bn) boost from the purchase of collapsed Silicon Valley Bank s British business (SVB UK)...
First Republic: JP Morgan to take over major US bank
... Also in March, the collapse of Silicon Valley Bank prompted fears of a wider banking crisis...
First Republic: Future of US bank in doubt as investors flee
... " Problems in the banking sector surfaced in the US earlier last month when Silicon Valley Bank, which was the country s 16th-largest lender, collapsed in the biggest failure of a US bank since 2008...
£55bn withdrawn from Credit Suisse before collapse
... Credit Suisse clients started pulling money out of the bank after it was caught up in the market turmoil that followed the collapses of Silicon Valley Bank and Signature Bank in the US in March...
HSBC profit more than doubles as interest rates rise
Banking giant HSBC's profits have More Than doubled as it benefited from rising interest rates around The World .
The London-based lender posted pre-tax profit of $21. 7bn (£16. 9bn) for The First six months this year, compared to $9. 2bn a year earlier.
That figure was also boosted by a $1. 5bn provisional gain from its purchase of collapsed Silicon Valley Bank's British business (SVB UK).
Central banks have increased interest rates as they try to curb price rises.
" There was good broad-based profit generation around The World , higher revenue in our global businesses driven by strong net interest income, and continued tight cost control, " HSBC chief executive Noel Quinn said in statement.
The Bank , which gets around two-thirds of its revenue from Asia, also gave an upbeat forecast for its full year earnings.
Banks and building societies in the UK have come Under Pressure to pass on the interest rate rises to savers.
On Monday, banks offering unjustifiably low savings rates to their customers were told they will face " robust action" the UK's financial watchdog said.
The Financial Conduct Authority's (FCA) warning came as part of a plan to ensure banks are passing on interest rate rises to savers.
The Bank of England has now raised its base rate 13 times in a row in an attempt to reduce inflation, and is expected to increase it again on Thursday.
However, while interest rates on mortgages have risen quickly, savings rates have not grown as fast, particularly for easy access accounts.
Source of news: bbc.com
