Andrew Kimball just landed a new job. New York University hired the former Economic Development Corporation president and CEO to oversee the school’s global real estate portfolio, Crain’s New York Business reported. Kimball will take over in August with the title senior vice president for global real estate, facilities and campus development. The annual base […]
Key insight: Though FirstSun Capital characterized a $22 million fraud-related loss as “isolated,” another lender said fraud is becoming an increasingly serious problem. Forward look: FirstSun said its second-quarter charge-offs could reach $43 million, compared with less than $11 million for the three months ending March 31. Expert quote: “We treat everything we receive as […]
With EPS 2026, the pension system for organized sector employees is reformed for transparency and efficiency. It mandates a 36-month wait for withdrawal benefits, enforces a 20-day claim processing deadline, and supports higher pensions, while preserving existing benefits for current members.
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Culver City, CA – February 12: An aerial of the Kirk Douglas Theatre on in Culver City. photo: Kayla Bartkowski / Los Angeles Times Stanley Black’s Beverly Hills-based investment firm is closing on a nine-figure mixed-use acquisition in another small city a few miles away. Black Equities has paid $106 million for a 115-unit property […]
Equity-oriented mutual fund schemes witnessed a net inflow of ₹28,973 crore in June, a sharp surge of 26 per cent from the preceding month,amid volatile market conditions, according to data released by the Association of Mutual Funds in India (Amfi) on Friday. Overall, the mutual fund industry reported a net outflow of ₹52,949 […]
The heart of the case is a piece of federal law every foreclosure shop knows. The Servicemembers Civil Relief Act requires a lender chasing a judgment to file a sworn statement on whether the borrower is in uniform, and to show the facts behind it. A database check alone doesn’t satisfy that duty. According to the filing, the servicer’s […]
Earlier in 2026, the BoC flagged a two-sided risk profile: the possibility of rate cuts if growth disappointed more sharply than forecast, and potential hikes if energy prices from the Iran conflict drove a sustained, generalized consumer price shock. In recent weeks, neither scenario has materialized. Inflation concerns retreat Higher oil prices stemming from restricted […]
The selection of that panel carries particular urgency. The Federal Reserve’s first monetary policy report to Congress issued under Warsh — released July 11, ahead of his scheduled testimony before the House and Senate next week — stated that US inflation “stepped up further this spring,” with the central bank’s preferred Personal Consumption Expenditures (PCE) Price […]
The mortgage lending industry has called for policy intervention to address barriers preventing an estimated 3.5 million households from accessing homeownership, according to the Intermediary Mortgage Lenders Association (IMLA). The intervention comes as political leadership changes at Number 10, with lenders pressing for regulatory reforms to improve access to the property market for aspiring buyers. […]