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Capital One’s projected credit card losses jumped in its first Federal Reserve’s stress test since acquiring Discover, highlighting the enlarged lender’s heavier exposure to unsecured consumer credit. Projected credit card losses at the bank reached $55.7 billion under the severely adverse scenario in the 2026 Dodd-Frank Act stress test (DFAST), up $20.7 billion, or 59%,…
Rockpoint and Newbond Holdings have paid $47.1 million for an oceanfront resort in Fort Lauderdale, Fla., property records show. Called Hotel Maren Fort Lauderdale Beach, the property features 141 rooms at 525 South Fort Lauderdale Beach Boulevard, adjacent to Seebreeze Boulevard, south of Las Olas Boulevard. Magna Hospitality Group sold the 245,081-square-foot hotel, which is…
IBM’s stock plunges after a preliminary release of profit and revenue that were well below expectations.
“Amid discussions of what an electrified economy will cost, we now have a clearer picture of what it could return – trillions in additional economic activity and over a million jobs,” he said. “It’s now up to all levels of government to come together and build on Canada’s electricity advantage to attract new investment and…
Kimberly-Clark seeks EU approval for $40 billion Kenvue deal
Wednesday’s agenda at the Five Star Conference at the Omni Hotel in Dallas was filled with many learning opportunities for real estate professionals. The Property Preservation Executive Forum Member Breakfast drew representation from the nation’s most prominent field services companies, and the member meeting brought together property preservation executives and leading mortgage servicers for transparent…