Mortgage servicers posted higher customer satisfaction scores across the board this year, and for the first time, a bank — Chase — edged out Rocket Mortgage for the top spot, according to J.D. Power’s 2026 U.S. Mortgage Servicer Satisfaction Study. Processing Content The 2026 industry average of 607 was a gain of 11 points over […]
Billionaire David Tepper made the bulk of his fortune investing on Wall Street, so it’s understandable that people would peek into his hedge fund’s holdings to get a look at where he’s placing his bets. As of the first quarter (Q1), Tepper’s hedge fund, Appaloosa Management, had $5.93 billion in assets under management, with a […]
Full-service commercial and multifamily mortgage banking company BWE has agreed to be acquired with the company’s leadership retaining a minority stake in the business. BWE’s Florida office in Boca Raton. A Bayview Asset Management fund and Springmont Capital, the private investment office of the family that owns Morgan Properties, agreed to purchase the majority interest in BWE, according to […]
“The private sector can unlock funding for improvements to transportation projects of regional and national significance,” transportation secretary Sean Duffy said in a letter to the Senate outlining priorities for the next surface transportation bill.Kent Nishimura/Bloomberg The U.S. Department of Transportation is urging the Senate to increase the private activity bonds cap in the next […]
Key insight: Popular is swapping CEOs for the second time in just over a year. It’s doing so following a strong quarter that saw higher net income and increased capital returns. Expert quote: “Leading this organization has been truly a privilege. I leave with enormous satisfaction.” —Javier Ferrer, CEO of Banco Popular Forward look: Chief […]
BitMEX has revealed plans to fully cease its exchange activities. The decision, communicated directly to users on July 23, 2026, comes after an internal strategic assessment of the company’s position and the evolving digital asset sector. HDR Global Trading Limited, the entity that owns and operates the exchange, made the call to sunset the platform […]
HSBC sells Singapore insurance unit to Allianz in $2.1 billion deal
Gen Z small luxuries have become even smaller in South Korea, where a new trend of baby turtle charms is flourishing. Turtles have long been seen as symbols of longevity in South Korea because of their long life spans. Now, they’re getting a rebrand, with Gen Zers in the country sticking cute miniature turtles onto […]
The statement did not summarize the report’s findings. The committee said it would review the findings and recommendations carefully as it considers next steps, and that it would keep meeting with OBSI staff and sit down with OBSI’s board of directors later this year to discuss the report and the ombudsman’s views. The committee also restated what […]
An 865,000-square-foot tower along Bryant Park is looking for a new owner. The office tower at 10 Bryant Park, also known as HSBC Tower, is seeking more than $800 million, sources familiar with the plans told Bloomberg. Newmark’s prolific deal-making team, made up of Adam Spies, Adam Doneger and Avery Silverstein, has been tapped to […]