The Banks
Use attributes for filter ! | |
Developers | Carter, The Dawson Company |
---|---|
Construction started | April 2, 2008 |
Estimated completion | 2020 |
Locations | Cincinnati |
Ohio | |
United States | |
Status | Under construction |
Date of Reg. | |
Date of Upd. | |
ID | 2975961 |
About The Banks
The Banks is the name given to the current mixed-use project being developed on the land between Paul Brown Stadium and Great American Ball Park along the Ohio River in Cincinnati, Ohio.
Could X go bankrupt under Elon Musk?
... Musk could try to renegotiate with The Banks for less onerous interest payments...
No interest rate cuts for foreseeable future, says Bank of England
... A report by the House of Lords Economic Affairs Committee released on Monday said the framework for The Banks independence had been tested by the rise in inflation and " the resulting loss of public confidence in the Bank"...
Zhongzhi Enterprise Group: China investigates major shadow bank for 'crimes'
... " Embattled property developers currently owe Chinese banks money worth as much as 30% of The Banks assets...
Interest rates: Why there is more pain still to come
... " The Banks and building societies have been very busy lowering their rates and there has been a considerable shift in pricing...
Ashling Murphy: Man sentenced to life for Irish teacher's murder
... Puska stabbed the 23-year-old 11 times in the neck as she jogged on The Banks of the Grand Canal near Tullamore, County Offaly, on 12 January 2022...
Roman Butchaski: Former Australian radio host missing in croc-infested waters
... Butchy walks The Banks up there regularly...
Banks accused of dragging their feet over fraud refunds, says MP
... " Clearly [The Banks] have got to get better and they re on the road to getting better, but it s really important that this data is out there...
Swiss village of Aarwangen in ding-dong over challenge to cowbells
... Aarwangen, population 4,700, is a charming village sitting on The Banks of the beautiful river Aare, the Bernese Alps in the distance...
Silicon Valley Bank share slump rocks financial stocks
By James Clayton , Peter Hoskins and Annabelle Liangin San Francisco and Singapore
Shares in Silicon Valley Bank (SVB), a key lender to technology start-ups, plummeted on Thursday as investors moved to withdraw their deposits.
The slide came After The Bank announced a $1. 75bn (£1. 5bn) share sale to help shore up its finances.
Shares in banks have fallen around The World - with The Four largest US banks, including JP Morgan and Wells Fargo , losing More Than $50bn in market value.
One Venture Capitalist told The Bbc The Day 's events were " wild" and " brutal".
On Friday, shares in Asian banks were also trading lower.
Shares in SVB saw their biggest one-day drop on record as they plunged by More Than 60% and lost another 20% in After -hours Trade .
After losing around $1. 8bn when it offloaded a portfolio of assets, mainly US Treasuries.
But more concerningly for The Bank , some start-ups who have money deposited have been advised to withdraw funds.
Hannah Chelkowski, founder of Blank Ventures, a fund that invests in financial technology, told The Bbc The Situation was " wild". She is advising companies in her portfolio to withdraw funds.
" It's crazy how it's just unravelled like this. . The interesting thing is that it's The Most start-up friendly bank and supported start-ups so much through Covid. Now VCs are telling their portfolio companies to pull their funds, " She Said .
" It's brutal, " she added.
A crucial lender for early-stage businesses, SVB is The banking partner for nearly half of US venture-backed technology and healthcare companies that listed on stock markets Last Year .
SVB did not immediately respond to a BBC request for further comment.
In The wider market, there were concerns about The value of bonds held by banks as rising interest rates made those bonds less valuable.
Central banks around The World - including The US Federal Reserve and The Bank of England - have sharply increased interest rates as they try to curb inflation.
Banks tend to hold large portfolios of bonds and as a result are sitting on significant potential losses. The Falls in The value of bonds held by banks is not necessarily a problem unless they are forced to sell them.
But, if like Silicon Valley Bank, lenders have to sell The bonds they hold at a loss it could have an impact on their profits.
" The Banks are casualties of The hike in interest rates, " Ray Wang, founder and chief executive of Silicon Valley -based consultancy Constellation Research told The Bbc .
" Nobody at Silicon Valley Bank and in a lot of places thought that these interest rate hikes would have lasted this long. And I think that's really What Happened . They bet wrong, " he added.
Related TopicsSource of news: bbc.com