Allissa Kline
@AllissaKline
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Reporter for @AmerBanker covering national and regional banks. Formerly of @BfloBizFirst and @uticaOD. Strange affection for regulatory filings.
Buffalo, NY
Joined January 2020
What is a bank's responsibility to the communities it serves, including the deeply segregated neighborhood in #Buffalo that was the target of a racially-motivated mass shooting? A complex question to answer in the aftermath of such tragedy. @AmerBanker
americanbanker.com
The racially targeted mass shooting at a Buffalo, New York, grocery store in 2022 has renewed conversations about whether banks have a duty to help segregated, impoverished communities that were...
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Worth reading this "what's going on with the banks" thread by @polorocha18, who offers useful context about deposits, investments in bonds and how those two factors played into last week's collapse of Silicon Valley Bank. @AmerBanker
What’s going on with the banks lately? A numbers-lite and hopefully easy-to-understand explainer now that things have settled a bit. (Focused on Silicon Valley Bank, missing some stuff & at times oversimplified!)
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And, finally, today's story about shutdown of Signature Bank.
americanbanker.com
The FDIC named Greg Carmichael, who retired last year as CEO of Fifth Third Bancorp, to run a bridge bank that will hold Signature's deposits and most of its assets.
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Then there's this story about which banks with tech deposits saw their stocks tank in the wake of #SVB's collapse, with @Orla_McCaffrey
https://t.co/eSV5IM0Cgf
americanbanker.com
The abrupt downfall of Silicon Valley Bank prompted investors to question whether other banks that hold tech-related deposits could also be at risk. But one analyst said there could be opportunities...
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Or this story about renewed questions re: Federal Home Loan Banks by @kateberry1 and @ByKyleCampbell
https://t.co/zWnQtNRl4V
americanbanker.com
A $13.5 billion advance to Silicon Valley Bank months before its collapse is another sign that the Home Loan banks encourage risk-taking that can burden the Federal Deposit Insurance Corp. or even...
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Dammit, I was enjoying my Twitter break, but in light of ~all of this~ I feel compelled to share coverage from @AmerBanker. Here are some things you should read by some of my very smart colleagues, starting with this from @byclairew and @ByKyleCampbell :
americanbanker.com
The Treasury Department issued a "systemic risk exception" allowing it to cover uninsured deposits at SVB and Signature Bank, which New York State closed on Sunday.
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New York Community Bancorp — whose last attempt at bank M&A ended with both parties walking away — is still waiting to get its latest proposed deal across the finish line. #3Q #earnings @AmerBanker
https://t.co/505Out73sU
americanbanker.com
Eighteen months after the $2.6 billion deal was announced — and five days before the Oct. 31 deadline — New York Community is still waiting for regulatory approval to buy the Michigan bank. On their...
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ICYMI: There's a multi-state investigation underway into big banks' ESG policies, and politics are in play. "Fundamentally, it's an intimidation tactic." -- @yevshrag, policy director for @Public_Citizen Story by @ByKyleCampbell @AmerBanker
https://t.co/4LUwPXT730
americanbanker.com
Attorneys general from 19 states issued subpoenas to six large banks seeking information about their climate policies. They say they're seeking to hold banks accountable for the fairness of their ESG...
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Lots of money has been poured into the transformation of @TXCapitalBank, but the stock is still languishing, some analysts say. As one put it: "It's a complete show-me story." #earnings @AmerBanker
https://t.co/vzEd9zsJSj
americanbanker.com
CEO Rob Holmes says that much of the Dallas company's increased spending is now in the past. But meeting the bank's targets is "a complete show-me story," one analyst said.
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Bank earnings roll on with this story about how @keybank plans to compensate for the reduction in fee income that will follow the company's recent #overdraft policy changes. #3Q #earnings @AmerBanker
https://t.co/PjmbStHOdt
americanbanker.com
The Cleveland bank expects to lose about $25 million in fee income per quarter as a result of recent changes to its overdraft policies. CEO Chris Gorman said Key plans to compensate by expanding its...
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Even as certain expenses rise and operating losses remain elevated, @TruistNews executives are holding steady to their commitment to achieving positive operating leverage this year. #Earnings @AmerBanker
https://t.co/YCr7QOABpV
americanbanker.com
An uptick in so-called operating losses helped drive up noninterest expenses excluding M&A costs at Truist Financial by 2% year over year, complicating its efforts to achieve positive operating...
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We have a tradition to uphold. Hurdle Ave. edition. #gobills #billsmafia #letsgobuffalo #lfg #nflmemes
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Day 2 of quarterly earnings coverage: @BNYMellon's #3Q profits tumbled by nearly 60% after the world's largest custody bank recorded a goodwill impairment charge of $680M. @AmerBanker
https://t.co/a7lkkNLdoc
americanbanker.com
The custody bank recorded a 59% drop in net income as a result of the goodwill impairment charge. New CEO Robin Vince sought to assure analysts that the one-time item does not reflect either a change...
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ICYMI amid all the #3Q earnings hubbub last Friday: This is how @Citi is navigating an increasingly cloudy macroeconomic environment so far. (After reading this headline, tell me I'm not the only one with the Facts of Life theme song stuck in my head.)
americanbanker.com
Its investment banking and corporate lending revenues dipped during the third quarter, while treasury services and branded cards were bright spots. That formula will be tested by "rolling, country-...
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ICYMI: Banking isn't the same political flashpoint it was after the 2008 crisis, but this election cycle could have major consequences for how the industry is regulated Here's the top races for the financial industry to watch in the 2022 midterms: https://t.co/BTKapdjlkA
americanbanker.com
Banking issues are quiet on the campaign trail in 2022, but there are a few races in November that could have big implications in the next Congress.
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On the busiest 1st day of quarterly bank #earnings that any of us at @AmerBanker can recall, @federalreserve signed off on one of the longest pending large-bank acquisitions out there. See @ByKyleCampbell's story below.
americanbanker.com
The regulators laid out several measures that would change how large but not global systemically important banks capitalize and structure themselves.
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Team coverage of #HurricaneIan's impact on banks, credit unions includes this nugget: Some companies leaned into their pandemic-response playbooks as they prepped for Ian. "We were far swifter in communicating," one @RegionsBank regional executive said. https://t.co/l25zwwV5n6
americanbanker.com
Financial institutions of all sizes — from JPMorgan Chase to SouthState to Fairwinds Credit Union — have reopened many branches, rolled out mobile banking units as well as reemployed pandemic-era...
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CEO of @WAllianceBank: "The reason why we're able to grow faster than other banks is we're a national bank with a regional footprint." Check out the latest story from @AmerBanker's Top Performing Banks series and see where other large banks ranked. https://t.co/FWWxS6ahq5
americanbanker.com
Western Alliance, in its first appearance on the list of leading banks with more than $50 billion of assets, landed at No. 1. The Phoenix company and the other top performers in this class have...
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