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5 mentions found


☆ These 28 regional and community banks exceed regulators' threshold for high commercial real estate concentration risk: here's what's really at stake.
  + stars: | 2024-03-09 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +12 min
But where banks' exposure to commercial real estate is concerned, locating that fire may be difficult. Rising interest rates quickly increased the cost of borrowing for investors in commercial real estate, including offices and multifamily homes. It doesn't reveal details such as borrowers' track records, said Mark Hillis, a former chief risk officer for commercial real estate at JPMorgan. There's also varying concentration risk: the largest banks with commercial real estate exposure are more diversified, meaning that any losses won't be as devastating, Baker said. "We think very few banks will run into issues just from their commercial real estate exposure," Reidy said.
Persons: Michael Barr, Jerome Powell, Todd Baker, Mark Hillis, Clifford Rossi, Robert H, Rossi, Baker, There's, Hillis, multifamily, haven't, You'll, Banks, you'll, Rebel Cole, NYCB, Matt Reidy, Reidy, Cole Organizations: Federal Reserve, Business, York Community Bank, SEC, Richman Center for Business, Law, Columbia University, JPMorgan, Smith, Smith School of Business, University of Maryland, Mortgage Banker's Association, Bank, Signature Bank, First, Countrywide Bank, Washington Mutual, Citigroup, multifamily, Florida Atlantic University, Federal, Regulators, TCRE, Equity RCRE, Community Bank, Provident Bank NJ, Merchants Bank of Indiana, Apple Bank for Savings, Oceanfirst Bank, Independent Bank, Lakeland Bank NJ, Ozk, Washington Federal Bank WA, Axos Bank, Sandy Spring Bank, Columbia Bank NJ, Farmers, Merchants Bank of CA, Popular Bank, Pacific Premier Bank, United Bank, Trust, Rockland Trust, Umpqua Bank, ServisFirst Bank, Bell Bank, Stellar Bank, National Bank of, National Bank of Florida FL, New York Community Bank Locations: multifamily, Basel, CRE, California, Rockland, National Bank of Florida
☆ For Trump and Biden, attention on North Carolina will linger well past Super Tuesday
  + stars: | 2024-03-02 | by ( Steve Contorno | Jeff Zeleny | ) edition.cnn.com   time to read: +11 min
North Carolina, which Trump narrowly won in 2020, is emerging as a critical piece of Biden’s reelection strategy. It has been 16 years since Barack Obama delivered a North Carolina surprise in 2008. Former President Donald Trump gestures after speaking at the North Carolina Republican Party convention in Greensboro on June 10, 2023. She isn’t sure how much longer Republicans can hold the line in North Carolina. “Yes, we have had more growth in our urban communities, and it’s going to make North Carolina trend bluer in the future,” Anderson said.
Persons: North Carolina CNN — Donald Trump, Nikki Haley, Joe Biden, ”, Paul Shumaker, “ It’s, Haley, Kamala Harris, ” Harris, Barack Obama, Biden, Donald Trump, Chuck Burton, Sarah Reidy, Jones, Charlotte ” –, “, Trump, ” Haley, Lisa Murkowski, Susan Collins of, Will Trump, Haley’s, Harris, Peter Zay, scoff, Billy Ward, ” Trump, Susie Wiles didn’t, battlegrounds “, ” Wiles, Michael Whatley, Ronna McDaniel, Whatley, MAGA, Thom Tillis, Mark Robinson, Robinson, Roy Cooper, Ben McKeown, Anderson Clayton, ” Clayton, we’ve, ” Anderson, CNN’s Alayna Treene Organizations: North Carolina CNN, Republican, Trump, Democratic, North Carolina Republican Party, GOP, South, Biden, White, College, Duke University, University of North, Getty, Wake County Republican Party, CNN, North, North Carolina GOP, Republican National Committee, Republicans, Gov, state’s Democratic Party, Conservative, “ Locations: Raleigh, North Carolina, Michigan, “ North Carolina, Durham, Wake County, Mecklenburg County, Charlotte, Wake, Mecklenburg, –, Greensboro, Seattle, South Carolina, Alaska, Susan Collins of Maine, Carolina, University of North Carolina, Durham , North Carolina, Anadolu, GOP’s, Raleigh , North Carolina, Russia, Ukraine, Southern
☆ I went to Cheesecake Factory to see firsthand why it's a mainstay at so many successful malls
  + stars: | 2023-10-26 | by ( Dominick Reuter | ) www.businessinsider.com   time to read: +2 min
The Cheesecake Factory is more than a staple of US shopping malls – it's a sign of financial health. Malls without a Cheesecake Factory were much more likely to be behind on their loans, Moody's found. AdvertisementAdvertisementThe Cheesecake Factory first opened in Beverly Hills, California, in 1978 and has since grown to more than 200 restaurants across North America. The chain is typically located in or near shopping malls — a commercial real estate segment that has seen a rough few years with changing shopping patterns. To see how that relationship plays out in real life, I headed off for lunch at my local Cheesecake Factory at the West Towne Mall in Madison, Wisconsin.
Persons: Moody's, —, Matt Reidy, Reidy Organizations: Service, Sears, Nordstroms, Apple, Factory, West Locations: Beverly Hills , California, North America, West Towne, Madison , Wisconsin
☆ Fact Check-Lindsey Graham has endorsed Trump, not Pence, for 2024
  + stars: | 2023-06-12 | by ( Reuters Fact Check | ) www.reuters.com   time to read: +1 min
Lindsey Graham, Republican U.S. Pence officially announced his candidacy for the 2024 Republican presidential nomination last week, challenging former President Donald Trump. However, Taylor Reidy, deputy communications director for Graham, said the senator endorsed Trump in Columbia, South Carolina on Jan. 28 (here). The field has grown in a very good way by his decision to throw his hat in the ring for the 2024 Republican Presidential nomination. Senator Lindsey Graham did not endorse former Vice President Mike Pence for the 2024 presidential race.
Persons: Lindsey Graham, Mike Pence, Pence, Donald Trump, Graham, “ Judas ”, Trump, Taylor Reidy, ” Graham, Read Organizations: Republican U.S, Republican, White House, Reuters, Trump, Fox News, Jan Locations: Republican, South Carolina, Columbia , South Carolina, U.S
☆ Man who threw gravel at Canada PM Trudeau sentenced to house arrest
  + stars: | 2023-05-08 | by ( ) www.reuters.com   time to read: +1 min
OTTAWA, May 8 (Reuters) - A man who threw gravel at Canadian Prime Minister Justin Trudeau during the 2021 election campaign was sentenced to 90 days of house arrest and one year of probation by a court in Ontario on Monday, according to his lawyer. Trudeau was hit by a handful of gravel in 2021 while on the campaign trail as he made his way past a crowd shouting their opposition to COVID-19-related mandates and restrictions. The prime minister was not injured and his Liberal Party went on to win the election. Shane Marshall later pleaded guilty in March to a charge of common assault related to that incident. Marshall's lawyers had requested that he be sentenced to 60 days of community sentence, while prosecutors had asked for a 30-day jail term.
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