Blackstone frontrunner in Signature Bank commercial-property loan sale, Bloomberg reports
A person waits for a teller at a Signature Bank branch in New York City, U.S., March 13, 2023. REUTERS/David...
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US Fed proposes shrinking fees banks charge on debit card transactions
An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - The U.S. Federal Reserve on Wednesday proposed slashing by nearly a third the amount of so-called "swipe fees" banks can charge merchants for processing debit-card transactions, setting up a pitched battle between the two industries over potentially billions of dollars in revenue.Citing data that showed the costs of processing such transactions had fallen by roughly half in recent years, the Fed proposed cutting the current cap...
Evergrande seeks US court nod for $32 billion debt overhaul as China economic fears mount
Evergrande seeks protection from creditors as part of debt restructuringEvergrande to meet creditors later this month for restructuringFinancial markets hit...
Analysis: Commercial real estate investors, banks buckle up for perfect property storm
LONDON/SYDNEY, July 31 (Reuters) - Commercial real estate investors and lenders are slowly confronting an ugly question - if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar?Rising interest rates, stubborn inflation and squally economic conditions are familiar foes to seasoned commercial property buyers, who typically ride out storms waiting for rental demand to rally and the cost of borrowing to fall.Cyclical downturns rarely prompt fire sales, so long as lenders...
California’s port truck-charging plan gets a jolt from big investors
LOS ANGELES, April 17 (Reuters) - California's bustling seaports, dominated by massive container vessels and soaring cranes, may seem an...
