NYCB Spotlights US Regional Banks' Vulnerability

Herman Chan, Senior Analyst, Bloomberg Intelligence

09-Feb-24 07:30

NYCB Spotlights US Regional Banks' Vulnerability

Pause
Embed

Last week, New York Community Bank (NYCB) revealed losses of USD$252 million in the fourth quarter due to exposure to the commercial real estate market. Could there be a contagion effect to other regional banks, reminiscent of the 2023 collapse of Silicon Valley Bank and Signature Bank? We discuss the implications with Herman Chan with Bloomberg Intelligence.

Image credit: Shutterstock.com

Produced by: Moh Heng Ying

Presented by: Shazana Mokhtar, Wong Shou Ning, Philip See

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: markets, economy, international

Tags: new york community bank, us regional banks,

Today’s Shows

11:00 AM

Best of Enterprise

(REPEAT) Sunway University’s Dr. Kenneth Cafferkey, a professor specialising in high-performance work systems, joins us to unpack "always-on" culture, a modern workplace trap.

12:00 PM

Popcorn Culture

(REPEAT) We review Avatar: Fire and Ash and replay some of our best moments from the year.

1:00 PM

Cruise Control

(REPEAT) How does the Zeekr 009 Executive fair against its competitors? Daniel shares his thoughts.

2:00 PM

Matt-Splained

(REPEAT)

3:00 PM

Earth Matters

(REPEAT) In this ‘Best of 2025’ replay, we hear from Gerimis Art’s co-founder Wendi Sia, to discover more about the Mah Meri’s bunga moyang, or ancestral spirit flowers, that reflect a way of life in harmony with nature.

4:00 PM

Bar None

(REPEAT) A local football agent joins us in this episode to talk about his world and what goes around in it. Is it as glamorous as it seems?

5:00 PM

BBC World Service

Datshiane Navanayagam talks to philanthropists from France and Nigeria about using their wealth to help others thrive on a special, festive episode of The Conversation.

PROGRAMMES