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PHOENIX--(BUSINESS WIRE)--Western Alliance Bank today announced the grand opening of Phase I of Sierra Flats, an 80-unit affordable and workforce housing development in Carson City, Nevada, with construction and permanent financing provided by Western Alliance Bank in partnership with R4 Capital Funding. Western Alliance Bank provided a $14.0 million construction loan and a $2.50 million permanent loan to finance the first phase of Sierra Flats. Located at 3410 Butti Way in Carson City, the new.
Legendary investor Warren Buffett has recently sold his entire stake in Citigroup to load up on the likes of Constellation Brands, indicating he now sees consumer goods as a better pick than bank stocks.
PHOENIX--(BUSINESS WIRE)--Western Alliance Bank's subsidiary Digital Disbursements, the leading digital payments platform for the class action legal industry and part of the bank's Juris Banking Group offering, today announced that their Anti-Fraud Triangle innovation, developed in partnership with ClaimScore, a data-driven fraud prevention software solution for class action settlements, has been selected as American Banker's Innovation of the Year in the Cybersecurity and Fraud category. The p.
PHOENIX--(BUSINESS WIRE)--Saddleback Village at Stonegate in Maricopa, Arizona, Breaks Ground on 215 New Affordable Housing Units.
PHOENIX--(BUSINESS WIRE)--Western Alliance Bank-Funded Danny's Home for Heroes Celebrates Grand Opening.
NEW YORK , April 28, 2025 /PRNewswire/ -- The following information is being shared by Burford Capital Limited ("Burford", "we", "us" or "our") with holders of its ordinary shares beginning on April [28], 2025 in response to a recommendation by Institutional Shareholder Services ("ISS") in connection with the proposals included in Burford's definitive proxy statement (the "2025 Proxy Statement"), which was filed with the US Securities and Exchange Commission (the "SEC") on April 3, 2025 and is available at https://www.sec.gov/Archives/edgar/data/1714174/000171417425000070/0001714174-25-000070-index.htm . ISS has recommended that shareholders vote against the re-election of two directors, namely Christopher Halmy (the Vice Chair and putative Chair in 2027) and Robert Gillespie.
Western Alliance Bancorporation (NYSE:WAL ) Q1 2025 Earnings Conference Call April 22, 2025 12:00 PM ET Company Participants Miles Pondelik - Director, Investor Relations & Corporate Development Ken Vecchione - President & Chief Executive Officer Dale Gibbons - Chief Financial Officer Tim Bruckner - Chief Banking Officer for Regional Banking Conference Call Participants Casey Haire - Autonomous Jared Shaw - Barclays Capital Bernard von-Gizycki - Deutsche Bank Ebrahim Poonawala - Bank of America Gary Tenner - D.A. Davidson Ben Gerlinger - Citi Timur Braziler - Wells Fargo Chris McGratty - KBW Jon Arfstrom - RBC Andrew Terrell - Stephens Matthew Clark - Piper Sandler Anthony Elian - JPMorgan Operator Good day, everyone.
Western Alliance faces significant challenges, including a 35% stock decline in 2025, mixed earnings, and a cautious outlook due to economic and mortgage market weaknesses. WAL's financials show some strengths, like deposit growth and stable capital, but potentially higher provisions and credit risks, especially in commercial real estate, are concerning. The company's net interest income and margins are under pressure due to falling asset yields, and its mortgage servicing business faces headwinds from a weak housing market.
The headline numbers for Western Alliance (WAL) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.