Bank

Uncertainty continues to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon this week that the worst of the recent crisis is over and the health of the banking system remains strong.

Bank shares have sold off on Wall Street this week following the government seizure and subsequent sale of First Republic Bank to JPMorgan.

The total payments made to banks since 2020 have amounted to $1.3 billion, Demirören Holding has announced.

"We would like to inform the public that Demirören Holding has fulfilled all of its obligations and will continue to do so," the company said in a statement, noting that payments made to banks have reached a total of $1.3 billion since 2020.

Banks are expecting a decrease in demand for business loans, especially from small and medium-sized enterprises, in the second quarter of the year, as a result of the rise in interest rates and the increase in the cost of money, which discourages borrowing.

Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S.

Potential homebuyers in Türkiye currently are taking a wait-and-see approach, anticipating that banks will eventually turn on the credit taps after the May 14 elections.

As demand has weakened, some property owners are reducing their asking price in an attempt to find a buyer.

Prices of houses offered on the market for sale have declined by 5 percent, daily Milliyet reported.

The Hellenic Financial Stability Fund (HFSF) on Wednesday announced the successful completion of a share capital increase scheme worth 473 million euros for Attica Bank with the joint participation of HFSF and private investors.

The Bulgarian National Bank (BNB) has taken measures to restrict lending and control the growth of inflation. The central bank's decision is to more than double the minimum required reserves of banks.

This is happening two days after the BNB reported as a risk the rapid growth of lending from commercial treasuries.

Americans are finally reaping some benefit from keeping their money in the bank.

Banks are paying up for savers' deposits in a much bigger way than they have in more than a decade, based on recent earnings reports from the nation's biggest banks.

The process of raising interest rates in Bulgaria will accelerate in the coming months, the BNB predicts in the traditional publication "Banks in Bulgaria". The Central Bank warns that there are prerequisites for the accumulation of risk in the balance sheet of the banking system.

In the 2015 movie "The Big Short," a disenchanted Wall Street banker portrayed by Steve Carell discovers that the until then roaring US housing market rests on flimsy foundations, years of precarious loan-giving, creating a bubble. Our banker, utterly disappointed by the inner rot of the "system," duly proceeds to bet against it and, in doing so, wins a fortune.