While community banks have steadily lost market share by almost every conventional metric, they have simultaneously become more systemically important to the parts of the economy that cannot easily be standardized. Despite holding a fraction of U.S. banking assets, they remain the financial infrastructure for rural economies, agricultural borrowers and small businesses that national lenders…
Processing Content Key insight: A long-time Illinois banker has been banned from the industry for approving mortgages based on faulty appraisals. Expert quote: Burns “ignored inconsistencies and irregularities in the appraisals that should have called into question their accuracy.” —Federal Reserve enforcement action. Forward look: The prohibition order against Burns is indefinite and can only…
Mumbai: The Indian rupee ended modestly weaker on Thursday, even as oil prices continued to hover in the $85 per dollar range and the dollar index fell to below 100.50 levels. The rupee closed at 96.35, nine paise weaker from its previous close of 96.26 as consistent dollar demand continued to pressure the currency. The…
As Warren Buffett famously noted, “Risk comes from not knowing what you are doing.” Leaving one of the most recognized institutions in American finance to build something independent invites no shortage of questions from peers, from clients and, most pointedly, from within. Are we making this move for the right reasons? Do we understand the…
Pending home sales fall by 5.4% in June: NAR – Scotsman Guide Skip to content error: Content is protected !! This website uses cookies to enhance user experience and to analyze performance and traffic on our website. We may also share information about your use of our site with our social media, advertising…
“June’s housing data points to a market with stronger momentum but not a broad supply reset,” said Chris Lim, RE/MAX President and Chief Growth Officer. “Sales picked up, inventory continued to expand and prices remained steady year over year. For consumers, that means local conditions still matter. In a market like this, timing, pricing and…
While short sales are still uncommon, their occurrence has been slowly increasing as homeowners with negative equity look for alternatives to foreclosure, particularly in several mid-priced markets where these transactions are most concentrated. A short sale refers to a real estate deal where a financially troubled homeowner sells their home for an amount that is…
OneDigital, an Atlanta-based insurance, talent and financial advisory firm with more than $155 billion in client assets, has acquired Rosenthal Wealth Management Group, a $1.8 billion registered investment advisor based in Manassas, Va., with additional offices in Maryland and Western Pennsylvania. The eight-advisor team is leaving independent broker/dealer Cetera to make the move to OneDigital…
Monetary Policy Summary, April 2026 At its meeting ending on 29 April 2026, the Monetary Policy Committee (MPC) voted by a majority of 8–1 to maintain Bank Rate at 3.75%. One member voted to increase Bank Rate by 0.25 percentage points, to 4%. The conflict in the Middle East means that prospects for global energy…
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…