Warsh’s Jackson Hole speech and what it means for bank stocks

Minutes Item 1 – Welcome The Governor began the meeting by thanking attendees for joining and reminding participants of the purpose of these meetings. The Governor made clear that the MPC would be in listening mode, and that the meeting would be conducted in accordance with relevant competition and conduct laws, as per the terms…

The pace of landlords selling up properties has slowed, but the Renters’ Rights Act could prevent up to 100,000 unsold homes from returning to the rental market, new research suggests. The share of homes listed for sale that were previously rented dropped to 9.2% in June, down from 11.3% last year and below the 2021-2022…

Ben Kallos was upset. Not hostile, but definitely not happy. The former Council member had called this spring to object to my column about Hal Fetner’s failed attempt to build housing on a NYCHA site. This paragraph in particular bothered him: “Mayor Zohran Mamdani and other progressives are now pushing for more affordable housing in…

Dog days of summer? Not for Citigroup, which just priced a record-setting deal.  The bank this week priced the largest multifamily-only conduit commercial mortgage-backed securities (CMBS) transaction originated by a single bank since the Global Financial Crisis.  SEE ALSO: Nuveen Green Capital Supplies $101M C-PACE Loan for Newark Studios The transaction, Citigroup Commercial Mortgage Trust…

That’s good for gold, stocks and long bonds. Eventually.

Activity in Figure Technology Solutions’ consumer loan marketplace more than doubled over the past year, the company reported, also noting interest coming from a host of partners on its exchange platform.  Processing Content The fintech reported $4.26 billion worth of volume in the consumer loan marketplace, with activity rising 47% from the first quarter’s $2.9…