News Formal

JPMorgan to buy mortgages worth $1.8 billion as part of PacWest merger

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

JPMorgan rides to the rescue again, snapping up mortgages worth $1.8 billion as part of PacWest merger

JPMorgan plans to buy mortgages worth $1.8 billion as part of PacWest Bancorp's merger with the Banc of California,The Wall Street bank is set to buy the single-family residential loans at a discount, sources told the outlet. It's unclear whether it plans to hold onto the loans or sell them on. and its deposits of nearly $104 billion. to form a new bank. The new lender merger will have assets worth $36 billion and $30.5 billion in total deposits.

According to Bloomberg, PacWest and the Banc of California aim to sell about $7 billion of loans, mortgage bonds and other assets.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 729. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

PacWest stock flash crash recovers after rescue merger with Banc of CaliUS banking crisis fears arose again as PacWest stock flash crashed before it was rescued in a merger deal with the Banc of California. PacWest Bancorp stock slumped from $10.33 to $7.50 in late trading on July 25, sparking concern among the finance and crypto community, with some asking if “the next banking collapse” was starting.
Bron: Cointelegraph - 🏆 562. / 51 Lees verder »

Alphabet stock jumps on earnings while Microsoft shares dip, and other stocks on the moveAlphabet, Microsoft, Dish Networks and PacWest Bancorp are among the stocks in the spotlight.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »