What happens when you take the ‘M’ out of Camels? Banks and supervisors in the US might be about to find out. For almost half a century, US regulators have relied on a composite rating of bank riskiness, comprised of each firm’s Capital adequacy, Asset quality, Management, Earnings, Liquidity, and Sensitivity to market risk. But…
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After two defaults, New York-based Columbia Property Trust has struck a deal with its lenders to restructure approximately $1.8B of debt backing a seven-building portfolio. The June agreement will modify the debt, which is secured by buildings in San Francisco, Boston, New York and Jersey City, New Jersey, the San Francisco Business Times reported. It places…
🏆Residential: The most expensive recorded home sale was in Nomad, where a condo at JD Carlisle Development and Fosun International’s 15 East 30th Street, known as Madison House, sold for $11.4 million. The buyer was Madison 59A LLC. The unit spans about 3,400 square feet and has four bedrooms and four and a half bathrooms….
While some issuers require you to pay an annual fee to access their collection of transfer partners, Citi gives cardholders with no-annual-fee cards a limited selection. However, effective Sept. 20, 2026, Citi ThankYou Mastercard holders will lose JetBlue as a transfer partner. At a Glance Citi Thank You Mastercard holders can continue to transfer points…
An entity tied to Brooklyn-based developer Wolfe Landau has snapped up two adjacent Financial District lots poised for redevelopment. The buyer, Landau’s Peninim Water, paid $35 million across two deals for 78 Pearl Street and 46-48 Water Street, according to property records made public Tuesday. The New York Business Journal first reported the deal. SEE…
Velocity raised $38 million in a Series A funding round to expand its stablecoin payments and treasury platform designed for global enterprises, according to a Tuesday (July 14) press release. The company’s platform enables enterprises to retain their core treasury operations while accessing the benefits of stablecoins, including the reduction of settlement times, the elimination…
Intuitive Surgical (ISRG 6.86%) has faced challenges over the past 12 months, and its shares have declined by 26% during this period. However, some Wall Street analysts remain bullish on the stock, with several setting price targets that imply reasonable upside from current levels. Take David Roman, an analyst at Goldman Sachs (GS +9.00%). He…
peepo/iStock via Getty Images The Frank Value Fund Institutional class returned 13.60% YTD 2026, compared to 17.58% for the Russell Midcap Value Index. Since fully integrating catalyst-unlocking value into the strategy in January 2022, the Frank Value Institutional class produced a total return of 83.20%, outperforming the Russell Midcap Value ETF return of 45.04% and…
Noida has emerged as the top-performing market for under-construction luxury homes with average capital values rising 4-28% year-on-year, outperforming Mumbai, Bengaluru and Gurugram, according to a report by Savills India. The report said average capital values across key residential markets remained on an upward trajectory despite global economic uncertainty, supported by sustained…