Bank loan-loss jitters spread to Japan as Aozora sees first loss in 15 years

seekingalpha02-01

Japanese bank Aozora (OTCPK:AOZOY) (OTC:AOZOF) tumbled after it forecast a surprise loss due to increased loan-loss provisions. Aozora stock fell more than 20% in Tokyo. The drop comes on the heels of...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2408864676?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1367522684/image_1367522684.jpg","is_english":true,"pubTime":"2024-02-01 19:34","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2408864676","market":"us","top_or_hot":-1,"title":"Bank loan-loss jitters spread to Japan as Aozora sees first loss in 15 years","media":"seekingalpha","content":"<div>\n<p>Japanese bank Aozora (OTCPK:AOZOY) (OTC:AOZOF) tumbled after it forecast a surprise loss due to increased loan-loss provisions. Aozora stock fell more than 20% in Tokyo. The drop comes on the heels of...</p>\n\n<a href=\"https://seekingalpha.com/news/4061120-bank-loan-loss-jitters-spread-to-japan-as-aozora-sees-first-loss-in-15-years\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank loan-loss jitters spread to Japan as Aozora sees first loss in 15 years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank loan-loss jitters spread to Japan as Aozora sees first loss in 15 years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-01 19:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4061120-bank-loan-loss-jitters-spread-to-japan-as-aozora-sees-first-loss-in-15-years><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Japanese bank Aozora (OTCPK:AOZOY) (OTC:AOZOF) tumbled after it forecast a surprise loss due to increased loan-loss provisions. Aozora stock fell more than 20% in Tokyo. The drop comes on the heels of...</p>\n\n<a href=\"https://seekingalpha.com/news/4061120-bank-loan-loss-jitters-spread-to-japan-as-aozora-sees-first-loss-in-15-years\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://seekingalpha.com/news/4061120-bank-loan-loss-jitters-spread-to-japan-as-aozora-sees-first-loss-in-15-years","article_id":"2408864676","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1367522684/image_1367522684.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2408864676","pubTimestamp":1706787284,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Japanese bank Aozora (OTCPK:AOZOY) (OTC:AOZOF) tumbled after it forecast a surprise loss due to increased loan-loss provisions. Aozora stock fell more than 20% in Tokyo. The drop comes on the heels of","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","BK4195":"互助储蓄与抵押信贷金融服务","IEI":"iShares Barclays 3-7 Year Trea","NYCB":"纽约社区银行","BK4585":"ETF&股票定投概念","TBT":"债券20+美国债指数ETF-ProShares两倍做空","BK4588":"碎股","SHY":"债券指数ETF-iShares Barclays 1-3年国债","IEF":"债券指数ETF-iShares Barclays 7-10年","AOZOY":"Aozora Bank Ltd.","BK4211":"区域性银行","KBWR":"Invesco KBW Regional Banking ETF"},"translate_title":"银行贷款损失恐慌蔓延到日本，青空出现15年来首次亏损","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AOZOY":1,"IEF":1,"IEI":1,"KBWR":1,"NYCB":1,"SHY":1,"TBT":1},"content_text":"Japanese bank Aozora (OTCPK:AOZOY) (OTC:AOZOF) tumbled after it forecast a surprise loss due to increased loan-loss provisions. Aozora stock fell more than 20% in Tokyo. The drop comes on the heels of a similar warning from New York Community Bank (NYCB) on Wednesday that sent its shares down nearly 40%. Aozora took its yearly net income forecast down to an expected loss due to increased loan-loss provisions for U.S. commercial property. The bank also suspended its dividend. It hasn't had a loss since 2009, according to Reuters. NYCB added to its reserves and cut its dividend as its assets crossed the $100B threshold with the acquisition of Signature Bank last year, which failed during last spring's banking turmoil. On Wednesday, regional banking ETFs (NYSEARCA:KRE) (KBWR) saw their worst performances since that turmoil last March. Concerns about banks sent Treasury yields (TBT) (TBT) (SHY) (IEF) (IEI) lower on Wednesday with traders pricing more chance of rate cuts due to financial sector instability, Deutsche Bank's Jim Reid said. Both NYCB and Aozora \"added to fears that the full consequences from higher interest rates are still yet to materialize, particularly given the amount of debt that needs refinancing over 2024 and 2025,\" Reid said. \"This echoes the 'race against time' theme we discussed in our 2024 World Outlook, in that the risk of a funding accident is much higher than usual, since we’ve experienced the most rapid series of rate hikes since the early 1980s.\" \"And even if the major central banks are now done hiking rates, the impact of tighter policy is still impacting the economy and markets with a lag, so this is still a very important story as we move through 2024.\"  More on regional banks  KRE: Squeezed For Longer KRE: I Don't Love The Regional Banking Story KRE: Fear Is Profitable","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2408864676"}