Bid-anywhere foreclosure auctions boost third-party sales
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Charnley replaces Mepham as CEO of Sancus Lending
Rory Mepham has resigned as chief executive of specialist lender Sancus Lending and will be replaced by Andrew Charnley. Mepham has served as CEO of Sancus Lending for five years and brought the lender back to profitability under his leadership. Its most recent set of results for the year ending 2025 showed it had a profit of £2.6m,…
Tom Giordano of Suffolk Construction: 5 Questions – Commercial Observer
From a young age, Tom Giordano, general manager of the New York region for Suffolk Construction, had one goal. That was to follow in his uncle’s footsteps and become a lawyer to benefit his community. After going from litigation to representing general contractors, developers and design professionals on legal matters, he joined Morse Diesel Construction…
Former Tennessee congressman hired by Truist
A former Democratic congressman will serve as vice president of wholesale banking at Truist Financial; Bank of America’s $72.5 million settlement with sex trafficking victims of the late financier Jeffrey Epstein is approved by a New York federal judge; HDFC plans to challenge the bankruptcy resolution involving a personal guarantee by media tycoon Subhash Chandra;…
How more frequent, costly extreme weather events could shift commodity markets
The Cantillon effect, the Panama Canal, and Russia While Pickering notes that grain prices began to rise in Q1 as he had initially predicted, the sudden onset of the US-Israeli war with Iran and the closure of the Strait of Hormuz shifted commodity investment capital to a focus on hydrocarbons. It’s an example, Pickering says,…
UK Firm Targets Boston for Stateside Ground-Up Debut
L&G Asset Management has made acquisitions in the United States before, but never developed its own ground-up project…until now. The United Kingdom-based company bought a site at 292 Baker Avenue in Concord, a suburb of Boston, the Boston Business Journal reported. It closed on the site last week for $4.75 million, according to property records….
Fifth Third Backs Payload’s Embedded Payments Expansion
Payload has secured a strategic investment led by Fifth Third to expand its embedded payments platform, Payload said in a Wednesday (Aug. 19) press release. Payload was founded in late 2019, processed its first payment in January 2020 and processed nearly $500 million in May alone, according to the release. The company has become a leading processor of earnest money deposits…
