Hit by increases losses in its credit portfolio, Taylor Capital Group Inc., the parent of Cole Taylor Bank, reported Friday a fourth-quarter loss of $38.5 million , or $2.21 a share, compared to year-ago quarterly earnings of $30.7 million, or $1.57 a share. Get the full story »
Inside these posts: Loan losses
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PrivateBancorp targets toxic commercial real estate loans
PrivateBancorp Inc.’s quarterly profit beat analysts’ estimates as its loan loss provisions halved and the lender expects to reduce its exposure to toxic commercial real estate loans this year.
The bank’s shares rose as much as 7 percent, to a high of $16.09, Tuesday morning on the Nasdaq. They pared some of the gains to close up 1.2 percent, at $15.19, at nearly three times the usual volume. Get the full story »
