December 07, 2023
Credit Suisse Strikes Deal to Sell Brazilian Real Estate Fund...
Credit Suisse announced on Wednesday that it has reached an agreement to sell its real estate fund management business in Brazil to Patria Investments, a leading asset manager. The deal...
December 06, 2023
Bank Regulators Increase Scrutiny of Lenders’ Risk Management Practices
In an effort to prevent bank failures, U.S. bank supervisors have reportedly increased scrutiny of lenders’ risk management practices and are taking disciplinary action. This comes after the collapses of...
December 05, 2023
JPM Chase Names J.P. Jolly Head of Commercial Banking Payments...
JPMorgan Chase has named Hubert J.P. Jolly the new head of payments solutions for its commercial banking business. Jolly is co-head of global corporate and eCommerce sales at J.P. Morgan Payments, the company...
December 05, 2023
Appeals Court Weighs Reopening DOJ Probe into NAR
A three-judge appellate court panel in Washington, D.C. heard compelling arguments on Friday regarding the Department of Justice’s (DOJ) pursuit to reopen its investigation into the National Association of Realtors...
December 05, 2023
Job Openings Drop to 2021 Levels as Hiring Slows
New data from the U.S. Labor Department shows job openings at their lowest level in more than two years. The department’s Job Openings and Labor Turnover Survey (JOLTS), released Tuesday (Dec. 5),...
December 04, 2023
CE 100 Index Gains 3.1% as Communications Stock Surge Is...
The CE 100 Index gained 3.1% coming off a Thanksgiving holiday-truncated week with vigor as all segments gained ground. The Communications pillar surged 8.7%. Snap was 12.9% higher in the...
December 03, 2023
New York Real Estate Authority to Defend Against Antitrust Lawsuit
In the wake of a series of antitrust lawsuits challenging residential commission rules, New York City’s Real Estate Board (REBNY) has pledged to take a tough stance against legal proceedings...
December 01, 2023
Report: Negotiations Continue After Neiman Marcus Rejects Saks Takeover Bid
Neiman Marcus has reportedly rejected a $3 billion takeover bid from Saks Fifth Avenue. The two luxury department store chains have been engaged in negotiations for several months but have...
November 28, 2023
New Class-Action Antitrust Suit Shakes Up Real Estate Industry in...
A group of home sellers in northern Georgia has taken on real estate industry giants in a class-action antitrust lawsuit. The plaintiffs, Janet Phillips, Joseph Hunt, Edith Anne Hunt, Penny...
