Urgent.News

What's breaking now, across thousands of outlets.

World

Banc of California sees surprise $251.3M loss

The Los Angeles lender repositioned securities into shorter-duration, higher-yielding products. It also launched the sale of $827 million in real estate and multifamily loans and retired $385 million in debt.

We haven't written up this one. Banking Dive has the full story — the link below goes straight to it.

Read the original at bankingdive.com →

More in World

More from Wednesday 29 July →