Commerce

Large downtown San Jose tower project moving forward

SAN JOSE – A new residential tower in downtown San Jose, ready to be a gateway to the city’s urban core, is stepping forward now that its developers are seeking approval to raze the site before the project is built . The proposed project would consist of a mixed-use housing …

Read More »

Plano’s $ 1 billion redevelopment of former JC Penney headquarters moved to lender Beal Bank

Ownership of one of Plano’s largest developments has been transferred to the project lender. A unit of Plano-based Beal Bank incurred more than $ 380 million in debt to acquire and redevelop JC Penney’s nearly 50-acre campus in the Legacy Business Park. The developers were turning the former retailer’s headquarters …

Read More »

NFM Lending greets Major Hugh Murray

Linthicum, February 02, 2021 (GLOBE NEWSWIRE) – LINTHICUM, MD, February 1, 2021— NFM loans is pleased to honor Major Hugh Murray as Hi NFM for February 2021. Murray is originally from Houston, TX, where he grew up with his siblings, Dirk and Jayna. The men in Murray’s life carried a …

Read More »

Audit boss says state deal with Altamira a “major scandal”

In 2017, the now-defunct cooperative bank – run by the state at the time – signed a non-competitive contract with asset management company Altamira, through which the latter would manage the $ 7 billion portfolio. The lender’s NPLs, while the deal was likely drafted by Altamira herself, lawmakers heard on …

Read More »

Moneyfacts: Borrowers Can Save Thousands Of Dollars By Remortgage

Recent research from Legal & General indicates that more than one in three people financially affected by the pandemic are considering reverting to their lender’s Standard Variable Rate (SVR) rather than seeking a new mortgage deal. Moneyfacts.co.uk illustrates how it can cost thousands of pounds in higher monthly repayments to …

Read More »

SEB fined for Baltic money laundering breaches

SEB became the latest Scandinavian bank to be fined by regulators for weak anti-money laundering controls and governance in its Baltic Sea operations, in a scandal that has hurt the image of northern Europe. Thursday, Swedish regulators SEB fine, the big Stockholm-based lender controlled by the industrial family Wallenberg, 1 …

Read More »

HDFC Bank’s market cap exceeds Rs 9 trillion as shares hit record high

MUMBAI: HDFC SA Bank saw its market capitalization cross Rs 9 trillion on Thursday, after the lender’s shares hit a record Rs 1,635 each in the first BSE trades. As of 9:30 am, the script was trading at Rs 1,630 per share, up 1.5% from its previous close, while the …

Read More »

Swedish broadcaster alleges SEB is linked to money laundering and Magnitsky affair

Swedish public broadcaster SVT said on Wednesday that around 194 customers of Skandinaviska Enskilda Banken AB is believed to have used the bank to launder money through Swedish and Baltic accounts, with around 475 million Swedish kronor ($ 49.4 million) linked to the Magnitsky case. Tax lawyer Sergei Magnitsky died …

Read More »

Advance Financial Managers Behind Sports Betting | Sports

When legalized sports betting is expected to go live in Tennessee on November 1, players in the state will have four sports books to choose from. Three of them – DraftKings, FanDuel, and BetMGM – are well-known players in the industry. The fourth, Tennessee Action 24/7, is a newcomer with …

Read More »

Credit Suisse removes bonus from ex-boss Tidjane Thiam after spy scandal

Credit Suisse cut the premium of its former managing director Tidjane Thiam for his role in a corporate espionage scandal that damaged the reputation of the Swiss lender. Mr. Thiam’s so-called “short-term incentive” bonus for 2019 has been reduced by a third to 3.3 million francs (3.4 million francs) from …

Read More »