A handful of office buildings totaling over 3M SF between them could be staring down dire debt situations. 5 Crescent Drive in the Philadelphia Navy Yard, built for GlaxoSmithKline’s headquarters in 2013. The 207K SF […]
On Dec 1, 2022, New York Community Bancorp, Inc. NYCB acquired Flagstar Bancorp, Inc. Hence, the fourth-quarter and full-year 2022 results include one month of results from the buyout. NYCB‘s fourth-quarter 2022 adjusted earnings per […]
New York’s financial watchdog wants small businesses to have enough information when they seek financing. To that end, the New York Department of Financial Services (NYDFS) has adopted a new regulation governing disclosure agreements for commercial financing, […]
Valley National Bancorp (NASDAQ:VLY – Get Rating) had its price objective dropped by research analysts at Morgan Stanley from $14.00 to $13.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has […]
San Francisco’s One Market Plaza tops the list of maturing office loans to watch this year, according to Trepp. One Market Plaza comprises nearly 1.6 million square feet and is home to tenants like Google, […]
Question: What is the difference between a business and consumer mortgage loan? Answer: A business mortgage — also known as a commercial loan — is a separate category of mortgage controlled by California rules and practices than a […]
Adam Johnston Citizens Bank & Trust Company announced this month the transition ofleadership to President/CEO, Adam Johnston. Johnston has assumed this role, bringing over 15years of community banking industry experience with a healthy educational foundation […]
As the number of lenders getting stung kept climbing in recent years, some industry stalwarts grew flummoxed by the willingness of so many bankers to eschew longstanding tenets against taking concentrated risks from a single […]
The third edition of the British Conveyancing Awards is just around the corner. Alongside a new, larger venue and a new headline sponsor in Groundsure, #BCAwards2023 is all about recognising and rewarding the herculean efforts […]
As the specter of recession intensifies amid rising interest rates, bankers and analysts widely expect loan growth to slow in the year ahead. Fourth-quarter earnings reports due this month are expected to show early signs […]
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