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Summit Bank
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Summary
location iconOakland, California
company sizeCompany size: 11-50

Summit Bank provides traditional banking services and a full range of financial products for individuals, businesses, and professionals, each tailored to meet the specific needs of every client. The Bank’s willingness to adapt and to innovate with new products is more than the foundation of its mission—it’s the secret to banks success. Bank has earned the confidence of its clients and shareholders by conducting its business in a pragmatic, prudent, and profitable manner.

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Commercial Banks
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Summit Bank - Recent News & Articles

As Growth Sputters, Beijing Tries Again to Jolt China’s Economy

China’s central bank took new steps to shore up the country’s sputtering economy, highlighting officials’ growing anxiety about growth only days after...

Source: MSN
Futility Index

An Updated Measure of the U.S. Consumer

https://finance.yahoo.com/news/norinchukin-eyes-assets-including-clos-014942422.html

Norinchukin Bank will consider investing in a range of assets as it braces for massive losses on the sale of roughly 10 trillion yen ($63 billion) in ...

China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings

China's yuan is in the midst of a steep decline as holders of the currency eye the risk of US sanctions. The value of the yuan slumped against Russia'...

Regional Banks Want to Slim Down. Hedge Funds Smell a Bargain.

Regional banks around the U.S. are striking complex and costly bargains with hedge funds, hoping to insulate themselves from a replay of the turmoil t...

Implications of the Expiration of the Petrodollar Agreement

Saudia Arabia No Longer Exclusively Selling Oil in US Dollars

IMF warns US on ballooning fiscal burden

The IMF’s second-in-command has urged the US to shrink its mounting fiscal burden, saying strong growth in the world’s largest economy gave it “ample”...

Moody’s puts several U.S. regional banks on downgrade review over commercial real-estate concerns

Moody’s Ratings has placed the long-term debt ratings of Old National Bancorp. and several other U.S. regional banks on review for downgrade amid conc...

Source: MarketWatch
ECB cuts key interest rates by 25 bps even as outlook on inflation revised up

The European Central Bank cut its policy rates by 25 basis points, as expected, on Thursday, its first cut in almost five years amid signs that price ...

Bank of Canada Cuts Policy Rate to 4.75%, Signals More Easing Possible

The Bank of Canada cut on Wednesday its main interest rate by a quarter-percentage point, becoming the first Group of Seven central bank to provide ra...

Source: MarketWatch