In a development causing a stir in the gold sector, Chinese banks are pulling the plug on retail paper gold trading. Major Chinese banks, including the Industrial and Commercial Bank of China — the world’s largest by assets — have announced they will cease offering retail paper trading products linked to the Shanghai Gold Exchange […]
Key insights: A surge in bank charter approvals for fintechs and crypto firms creates new risks for sponsor banks. What’s at stake: Regional banks that built business models as fintech sponsors may face a loss to their revenue. Forward look: Traditional banks, especially regional and community institutions that have relied on fintech partnerships, should consider […]
There were 227 transactions totaling $385 million filed in New York City records in the 24 hours before 4 p.m. on Tuesday, July 21. 🏆Commercial: Aston of Bowry LLC bought the apartment building at 312 Bowery in NoHo for $16.7 million, representing the priciest commercial sale to hit records. Bremen House Inc. was the seller. […]
A joint venture between Centerbridge Partners and Henderson Group has landed a $208.5 million debt package to recapitalize 40 industrial assets in Pennsylvania and South Florida, Commercial Observer has learned. J.P. Morgan Chase supplied the five-year, floating-rate loan on the sponsorship’s logistics portfolio comprising 2.3 million square feet and featuring a mix of last-mile warehouses, […]
US deploys B-1 bomber against Iran in biggest strike escalation yet !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
UK inflation fell by more than expected in June to 2.6%, the the latest consumer prices index (CPI) data from the Office for National Statistics (ONS) reveals. The data shows transport, food and non-alcoholic beverages made the largest downward contributions to the monthly change. Today’s figures comes after inflation held steady and below forecasts at […]
J.P. Morgan’s latest pool of prime mortgages is set to raise $336.5 million in residential mortgage-backed securities (RMBS) through a deal set to close by the end of the month. Processing Content The asset pool for J.P. Morgan Mortgage Trust, 2026-6 (JPMMT 2026-6), is composed of 264 fixed-rate, qualified mortgages entirely, and all the underlying […]
A luxurious Vermont mansion that features a climate-controlled underground tunnel, reinforced concrete vault, and a host of over-the-top amenities has been put on the auction block—with no minimum bid and no reserve. That means that the homeowners, Adam and Sarah Hergenrother, are handing over the property to the highest bidder, regardless of price. Located in […]
The decision by Texas lawmakers in 2021 to ban certain banks from underwriting municipal bonds offered an isolated setting to study the financing impact for issuers who followed the banker versus staying with the bank.Bloomberg News States and local governments that stick with their individual banker when that person moves to a new firm enjoy […]
A proptech company focused on deploying AI agents to meet landlords’ leasing and operational needs has closed its second funding round. Courtesy of Uniti Uniti co-founders Emre Altinok and Francesco Decamilli Uniti’s $12M Series-A round was led by Pathlight, with participation from MetaProp and several other investors. It comes after the company secured $4M in […]