IMF revises West Asia growth outlook on war, trade disruptions | world News

IMF revises West Asia growth outlook on war, trade disruptions |  world News

IMF, International Monetary Fund (Photo: Bloomberg) read 3 minutes Last update: 18 April 2024 | 11:43 pm First The International Monetary Fund said on Thursday that Middle East economies will grow slower than before this year as the war in Gaza, attacks on Red Sea shipping and lower oil production exacerbated the existing challenges of […]

S&P Global cuts outlook on 5 US banks to ‘negative’ on CRE exposure World News

S&P Global cuts outlook on 5 US banks to ‘negative’ on CRE exposure World News

Tuesday’s decline comes a year after the collapse of Silicon Valley Bank and Signature Bank, which heightened investor sensitivity about the health of US regional banks. Ratings agency S&P Global on Tuesday lowered its outlook for five regional US banks due to their commercial real estate (CRE) exposures, which is likely to reignite investor concerns […]

S&P Global cuts outlook on 5 regional US banks to ‘negative’ world News

S&P Global cuts outlook on 5 regional US banks to ‘negative’  world News

S&P Global has cut its outlook on five regional US banks from “stable” to “negative” due to commercial real estate (CRE) exposure, the ratings agency said on Tuesday. It downgraded First Commonwealth Financial, M&T Bank, Synovus Financial, Trustmark and Valley National Bancorp. “The negative outlook revision reflects the possibility that stress in the CRE markets […]