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Canadian Western Bank Profit Falls On Higher Credit Provisions Potential Sale Costs

Canadian Western Bank Profit Falls on Higher Credit Provisions, Potential Sale Costs Canadian Western Bank (CWB) reported a 20% decline in quarterly profit as it increased provisions for credit losses and incurred costs related to a potential sale. Key Points: CWB's net income fell to C$49.1 million in the three months ended Jan. 31, from C$61.9 million a year earlier. The bank increased its provisions for credit losses by C$15.2 million to C$39.1 million, citing economic uncertainty and the impact of higher interest rates on borrowers. CWB also incurred C$6.4 million in costs related to a potential sale of the bank, which is currently under review. The bank's revenue rose 5% to C$237.6 million, driven by higher interest income and fees. CWB's common equity tier 1 (CET1) capital ratio, a measure of financial strength, remained strong at 12.1%. CWB's results were in line with analyst expectations. The bank's shares were down slig...

Cedar Park Team Falls Short In Overtime

Texas Stars Lose to Colorado Eagles 5-4 Cedar Park Team Falls Short in Overtime By: [Author's Name] CEDAR PARK, Texas - The Texas Stars came up just short in their bid to win their third straight game on Tuesday night, losing 5-4 to the Colorado Eagles in overtime at the H-E-B Center at Cedar Park. The Stars took an early lead on a power-play goal by Nick Caamano just 5:46 into the game. The Eagles tied it up less than two minutes later on a goal by Martin Kaut, and the two teams traded goals throughout the rest of the period. The Stars regained the lead early in the second period on a goal by Riley Damiani, but the Eagles again tied it up just minutes later on a goal by Justus Annunen. The two teams continued to trade chances throughout the period, but neither team could find the back of the net. The Stars took the lead for the third time in the game early in the third period on a goal by Adam Mascherin, but the Eagles once again tied it up just over a minute later on ...