Strike on shopping centre in Sumy in northern Ukraine kills three, governor says
Strike on shopping centre in Sumy in northern Ukraine kills three, governor says
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Kansas bank becomes second in a week to fail, fourth this year
Key insight: Small Business Bank in Kansas, with $73 million in assets, failed Friday, the fourth failure this year. Supporting data: The failure will cost the Deposit Insurance Fund roughly $5.7 million, about 8% of the firm’s total assets at the time of failure. Forward look: The fourth failure makes 2026 the worst year for…
Rexford Plans Up to $2B in Sales After Posting $507M Loss in Q2 – Commercial Observer
Rexford Industrial Realty is dramatically accelerating its shift from being the most aggressive industrial buyer in Southern California into perhaps the region’s biggest seller. The Los Angeles-based real estate investment trust (REIT) has identified about $2 billion of “noncore assets” for disposition as it continues to prioritize keeping tenants in Rexford buildings. That property sales…
IG Group Might Pay Over $2.1B for Its Prediction Markets Deal, and Its Only a “Funnel”
IG Group (LON: IGG) has entered the prediction markets. The Underdog deal did not come out of the blue. The broker’s CEO, Breon Corcoran, already revealed on the last earnings call that it was actively looking into prediction markets. But apart from the $1.3 billion headline of the Underdog buyout, IG mentioned the real purpose…
StrideUp increases proc fee for complex BTL cases
Sharia-compliant finance provider StrideUp has improved its broker proc fee on houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) cases. The firm will now pay a proc fee of 0.75% on cases submitted directly to the lender of 0.8% for submissions through a network or club, until 31 August. The enhanced fee is available to…
Rate touts defection of 14 LOs from New American Funding
Rate is promoting the defection of over a dozen loan officers from New American Funding, who bring “nine figures” in production volume from the rival over to the Chicago lender, the company said. Processing Content The lending giant announced 14 new LOs coming from the retail competitor, including some originators who previously worked at Rate….
Exploring Positive Gearing: Pros and Cons
Owning property is a popular investment choice for many Australians, but it’s also an expensive endeavor. Recent tax office data shows around half of property investors have ‘negatively geared‘ properties – that is, they’re making an overall loss on their investment. But that means the other half of investors own ‘positively geared’ properties and are…
