Banks that are new to the Texas market are pricing loans very aggressively, according to senior leaders at Houston-based Prosperity Bancshares.
By coordinating with a client's other financial professionals, such as lawyers and accountants, financial advisors have the potential to deliver even more value.
Summer meetings might pose a scheduling challenge, but financial advisors could help clients avoid costly mistakes by guiding them away from the common bias in a midyear meeting.
Federal Reserve Chair Kevin Warsh acknowledged that his limited guidance might have been a factor in rising market rates, but said whatever increased volatility can be attributed to the changes is more than offset by the benefit of a more nimble central bank.
The lender reported a 40% increase in net revenue, but operating expenses and an uncertain interest rate environment held it back from increasing outlooks.
The Los Angeles-based regional lender reported a quarterly net loss of $251.3 million, driven by a balance-sheet restructuring that included the sale of securities and certain commercial real estate loans.
