WESTERN ALLIANCE Aktie

 

Relative to the collapse of First Brands Group and Tricolor Holdings, the hits disclosed by regional lenders Zions Bancorp and Western Alliance Bancorp seemed small; a figure in the tens of millions, not billions....

On today's episode of Bloomberg Businessweek Daily, Carol Massar and David Gura discuss Zions Bancorp and Western Alliance disclosing bad loans tied to alleged fraud, causing shares of each regional bank to tumble. Bloomberg's Sally Bakewell joins the show to break it down. Also on today's show, Bloomberg's Lisa Abramowicz sits down with Bank of Israel Governor Amir Yaron to talk the central bank's policy path amid the recent Gaza deal, and MIT associate professor Deblina Sarkar talks using microscopic tech to identify and treat health issues like brain cancer. (Source: Bloomberg)...

Die US-Regionalbanken Zions und Western Alliance müssen hohe Abschreibungen hinnehmen, die Aktien fallen zweistellig. Die Wall Street reagiert nervös.. --- "Der Markt reagiert äußerst nervös auf kreditbezogene Verluste", kommentierte Jed Ellerbroek von Argent Capital Management gegenüber CNBC. "Nachrichten von Regionalbanken treffen den Sektor hart, kleine Finanzwerte stehen heute unter Druck." --- Die Nervosität folgt auf die Insolvenzen zweier Autozulieferer, die Zweifel an lockeren Kreditvergaben, insbesondere im wenig transparenten Private-Credit-Bereich, geweckt haben. JPMorgan-Chef Jamie Dimon warnte kürzlich, dass auf die Pleite von First Brands und Tricolor Holdings weitere Fälle folgen könnten. "Wenn man eine Kakerlake sieht, gibt es wahrscheinlich noch mehr davon", hatte der einflussreichste US-Banker gesagt und damit große Diskussionen ausgelöst..

Regional Banks Crash As More Credit "Cockroaches" Emerge Just when the market was starting to finally freak out - with a one month delay - about the Tricolor and First Brands bankruptcy following yesterday's fingerpointing session between JPM's Jamie Dimon and various private credit firms in which both accused each other of harboring more credit "cockroaches", this morning the credit freak out went to 11 as two regional US banks crashed after they both disclosed problems with loans involving allegations of fraud, adding to concern that more cockroaches are indeed emerging in borrowers' creditworthiness. Shares of Zions Bancorp plunged 10% after it disclosed a $50 million charge-off for a loan underwritten by its wholly-owned subsidiary, California Bank & Trust, in San Diego. And Western Alliance Bancorp tumbled as much as 11% after it said it's dealing with a borrower that failed “to provide collateral loans in first position.” i.e., there was fraud, just like in th...

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Two regional US banks, Zions Bancorp and Western Alliance Bancorp, disclosed problems with loans involving allegations of fraud. Zions Bancorp disclosed a $50 million charge-off for a loan underwritten by its wholly-owned subsidiary, California Bank & Trust, while Western Alliance said it's dealing with a borrower that failed “to provide collateral loans in first position.” Sally Bakewell reports on Bloomberg Television....

WTF Is Going On... The markets are a little wild today and there is no specific item driving it from what we can see. Here are a few that we are hearing 16th day of the shutdown and no signs of a break (chatter that it may last til Thanksgiving) Geopolitical risk rising: Lengthy Putin call, China-US trade tensions escalating, India ignoring Trump demand to stop buying Russian oil Regional bank angst - Zions and Western Alliance down big on loan losses. US funding market stress - surging SOFR rates signaling a liquidity shortage WTF is going on... Stocks are tanking... Bonds are aggressively bid with 2Y yields are suddenly collapsing (10Y back below 4.00%)... Gold is going vertical (up)... And crypto is going vertical (down)... If we had to guess, we would say this is mostly related to the funding stress finally being recognized by a broader set of market participants as it seems demand for 'good' collateral is on the rise (gold and short-dated bonds) and leveraged risky ...

Two regional US banks disclosed problems with loans involving allegations of fraud, adding to concern that more cracks are emerging in borrowers' creditworthiness....

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Western Alliance (WAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations....

PHOENIX--(BUSINESS WIRE)--Western Alliance Bank (NYSE:WAL) today announced the launch of a new national group: the Western Alliance Private Client Group. The new group brings full-service concierge banking and mortgage products and services to high-net-worth individuals and their advisors. Based in Beverly Hills, Calif., where the Bank already has sizable operations and a large client base, the Western Alliance Private Client Group is led by industry veterans John Maguire and Dean Indot. “Western Alliance is a top-performing, $85+ billion national bank that is known for our outstanding, personalized service and tailored solutions,” said Tim Bruckner, Chief Banking Officer, Regional Banking, Western Alliance Bank. “Our new Private Client Group takes this commitment to the next level, bringing high-net-worth (HNW) customers and their other trusted advisors a banking group dedicated to elevating their experience. This is concierge banking for affluent clients who prize access, exclusivity and ease — ...

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US regional lender Western Alliance Bancorp faces exposure to the collapse of auto-parts supplier First Brands Group through a leveraged facility with a fund linked to Jefferies Financial Group Inc....

PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (NYSE: WAL) announced today that it plans to release its third quarter 2025 financial results after the market closes on Tuesday, October 21, 2025. Ken Vecchione, President and CEO, and Dale Gibbons, Vice Chairman and CFO, will host a conference call at 12:00 p.m. ET on Wednesday, October 22, 2025 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 834092 or via live audio webcast using the website link: https://events.q4inc.com/attendee/887299674. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participants should log in at least 15 minutes early to receive instructions. The call will be recorded and made available for replay October 22nd after 3:00 p.m. ET until October 29th at 1:00 p.m. ET by dialing 1-866-813-9403 using the access code: 978496. About Western Alliance Bancorporation With more than $85 billion in assets, West...

LOS ANGELES--(BUSINESS WIRE)--Western Alliance Bank today announced that distinguished commercial real estate veteran Todd Popovich has joined the company as Managing Director for Institutional Commercial Real Estate Finance, California. In this role, Popovich is responsible for driving strategic growth while navigating today's evolving commercial real estate markets. At Western Alliance, he leads a client-focused team focused on delivering financing across all real estate product types and entity structures throughout California. “This strategic appointment marks a major step forward in our goal to strengthen our presence within California markets that have great potential yet have been underserved by existing offerings,” said Ericka LeMaster, head of institutional commercial real estate for Western Alliance Bank. “With his strong ties among communities in Southern California and the Bay Area, Todd is uniquely qualified to support Western Alliance teams as we strategically expand to serve growing ...

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WAL launches a $300M share repurchase program with no set expiration, adding to its steady dividend payouts....

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PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (NYSE: WAL) today announced its Board of Directors authorized the repurchase of up to $300 million of the Company's shares of common stock. There is no expiration date for the share repurchase program. “Western Alliance's strong business momentum, expanding profitability, and fortified capital position provide the flexibility to return excess capital to shareholders through opportunistic share repurchases aimed at mitigating share price volatility,” said Kenneth A. Vecchione, President and Chief Executive Officer. “Our robust capital generation gives us confidence in our ability to achieve our previously stated balance sheet growth objectives, while enhancing total shareholder returns through these actions.” Shares may be purchased through open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. Any open market ...

Analysts see the apparent strengthening of ties between China, Russia and North Korea as “worrisome” and part of a long-term strategy from Beijing....