January 29, 2024
OCC Calls for More Transparency Into Bank Mergers
A top U.S. financial regulator wants more transparency into bank mergers. The Office of the Comptroller of the Currency (OCC) on Monday (Jan. 29) introduced a proposal to update its rules for business...
January 26, 2024
Report: Salesforce to Lay Off 700 Employees, Redirect Spending
Salesforce is reportedly laying off 700 employees, or about 1% of its workforce. The cuts are being made across the company, The Wall Street Journal (WSJ) reported Friday (Jan. 26),...
January 24, 2024
Bilt Explores Mortgage Payment Rewards Amid $3.1 Billion Valuation
Rent payment loyalty platform Bilt Rewards is now a $3.1 billion company. Bilt’s new valuation follows a $200 million equity investment led by General Catalyst, as well as the addition of General Catalyst...
January 24, 2024
Venue Wars: National Association of Realtors and Plaintiffs Clash Over...
The National Association of Realtors (NAR) and a coalition of plaintiffs’ lawyers are locked in a fierce dispute over the venue for determining the fate of multiple consumer lawsuits challenging...
January 23, 2024
Real Estate Industry Faces Seismic Shift as Antitrust Lawsuits Challenge...
The real estate industry is experiencing a wave of legal challenges that could reshape the way residential transactions are conducted, as class action lawsuits target the commission system that has...
January 22, 2024
Flutter Soars, iRobot Crashes on Amazon Deal Doubt as CE...
The CE 100 Index lost 0.6% as gains from the Have Fun segment were blunted by double-digit plunges from the likes of iRobot — where concerns over the firm’s takeover...
January 19, 2024
FinTech IPO Index Skids 6.6% as Platforms Plunge Double Digits
The Fed may not cut rates as soon as many on Wall Street would have hoped. And that means, at least for now, dampened enthusiasm for loans, perhaps some pressure...
January 18, 2024
KeyCorp Says Real Estate Driving Rise in Net Loan Charge-Offs
KeyCorp saw net loan charge-offs rise during the fourth quarter, driven by real estate, healthcare and consumer goods. They rose to $76 million during the quarter, up from $74 million in...
January 18, 2024
Non-Price Effects in Mergers: Examples from Federal Trade Commission Enforcement,...
Critics of current merger enforcement say it fails to take account of the non-price effects of mergers. This criticism comes from those who believe the courts ask plaintiffs, including the...
