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(Reuters) -Rating agency Fitch said on Wednesday that U.S. regional banks will face continued challenges in 2024, with those lacking scale or focused on commercial loan growth disproportionately pressured. “Regional banks lacking in scale will be disproportionately pressured to reduce cost bases and optimize loan composition,” Fitch said on Wednesday, adding this would “diminish their […]

(Reuters) -Rating agency Fitch said on Wednesday that U.S. regional banks will face continued challenges in 2024, with those lacking scale or focused on commercial loan growth disproportionately pressured. “Regional banks lacking in scale will be disproportionately pressured to reduce cost bases and optimize loan composition,” Fitch said on Wednesday, adding this would “diminish their […]

(Reuters) – Rating agency Fitch said on Wednesday that U.S. regional banks will face continued challenges in 2024, with banks focused on commercial loan growth disproportionately disadvantaged. “All U.S. banks will need to take defensive measures to conserve capital and provision for higher expected losses,” Fitch analysts said in a report. Fitch cited scarcer opportunities […]

(Reuters) – Rating agency Fitch said on Wednesday that U.S. regional banks will face continued challenges in 2024, with banks focused on commercial loan growth disproportionately disadvantaged. “All U.S. banks will need to take defensive measures to conserve capital and provision for higher expected losses,” Fitch analysts said in a report. Fitch cited scarcer opportunities […]

(Reuters) – Rating agency Fitch said on Wednesday that U.S. regional banks will face continued challenges in 2024, with banks focused on commercial loan growth disproportionately disadvantaged. “All U.S. banks will need to take defensive measures to conserve capital and provision for higher expected losses,” Fitch analysts said in a report. Fitch cited scarcer opportunities […]

By Jonathan Stempel NEW YORK (Reuters) – Trevor Milton, the convicted founder of electric- and hydrogen-powered truck maker Nikola (NASDAQ:NKLA), is seeking to avoid prison, with his lawyers saying his case differed from that of Theranos’ Elizabeth Holmes, another startup founder convicted of fraud. Milton, 41, had been found guilty by a federal jury in […]

By Jonathan Stempel NEW YORK (Reuters) – Trevor Milton, the convicted founder of electric- and hydrogen-powered truck maker Nikola (NASDAQ:NKLA), is seeking to avoid prison, with his lawyers saying his case differed from that of Theranos’ Elizabeth Holmes, another startup founder convicted of fraud. Milton, 41, had been found guilty by a federal jury in […]

By Jonathan Stempel NEW YORK (Reuters) – Trevor Milton, the convicted founder of electric- and hydrogen-powered truck maker Nikola (NASDAQ:NKLA), is seeking to avoid prison, with his lawyers saying his case differed from that of Theranos’ Elizabeth Holmes, another startup founder convicted of fraud. Milton, 41, had been found guilty by a federal jury in […]

By Jonathan Stempel NEW YORK (Reuters) – Trevor Milton, the convicted founder of electric- and hydrogen-powered truck maker Nikola (NASDAQ:NKLA), is seeking to avoid prison, with his lawyers saying his case differed from that of Theranos’ Elizabeth Holmes, another startup founder convicted of fraud. Milton, 41, had been found guilty by a federal jury in […]

By Jonathan Stempel NEW YORK (Reuters) – Trevor Milton, the convicted founder of electric- and hydrogen-powered truck maker Nikola (NASDAQ:NKLA), is seeking to avoid prison, with his lawyers saying his case differed from that of Theranos’ Elizabeth Holmes, another startup founder convicted of fraud. Milton, 41, had been found guilty by a federal jury in […]