For all those bank credit doomers out there. It appears like credit overall is just average. Perhaps we should consider that we are back to an average expectation of credit losses.
Canadian Imperial Bank exiting its Caribbean ops
$NTB Butterfield to acquire control of CIBC Caribbean in $1.8 billion transaction https://t.co/SlU2Q0Lfxz
@BigJohn043 What usually happens is that some did but others, usually from farther away and less familiar with the business, relied on pricing and spreadsheets without any knowledge of the people or business niche. Happens every cycle and will be worse this time with private credit.
Russell Reconstitution - Preliminary lists start being released today (May 22) after the market close.
Which banks will be added / deleted? They will be itemized on the FTSE Russell site.
The actual index changes are June 26.
https://t.co/TJOATIyqQ7
@TimyanBankAlert@Catahoula_Value I would never count on $BCOW management to do anything shareholder-friendly. Everything about the set up says it should get taken out, should have months or even years ago. But alas….
@TimyanBankAlert $BCOW converted from mutual to public ownership (MHC 2nd step) in July 2021 at $10.00 per share. Share price today -- nearly five years later -- is $10.92. They have never paid a dividend. 1/