Tag Archives: Bank

DENVER, September 06, 2022–(BUSINESS WIRE)–UDR, Inc. (the “Company”) (NYSE: UDR), a leading multifamily real estate investment trust, announced today that the Company will participate in the Bank of America Securities 2022 Global Real Estate Conference being held at the Conrad New York Downtown on September 13-14, 2022. The UDR Executive Team will host a roundtable discussion on Tuesday, September 13, 2022, at 12:40 p.m. Eastern Time. The Company’s roundtable discussion will be made… Source link

The S&P 500’s decline this year—it’s down nearly 18% since January—accelerated last week after Federal Reserve Chair Jerome Powell indicated more “pain” was ahead. Has the market hit bottom? Bank of America Research, based on its new list of 10 signals showing whether the stock market has hit bottom, says no. View this interactive chart on Fortune.com The bank came up with the list, released on Friday, after analyzing “macro and bottom-up data encompassing policy, valuation,… Source link

National Bank of Canada FI boosted its stake in Yandex (NASDAQ:YNDX – Get Rating) by 161.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,680 shares of the information services provider’s stock after purchasing an additional 2,275 shares during the period. National Bank of Canada FI’s holdings in Yandex were worth $70,000 at the end of the most recent… Source link

Bank of Canada Governor Tiff Macklem takes part in a news conference in Ottawa, Ontario, Canada April 13, 2022. REUTERS/Blair Gable The Bank of Canada raised its benchmark rate by 100 basis points on Wednesday, a surprise move that exceeded economist expectations, as the central bank attempts to set a firehose against scorching inflation. The unexpected and supersized increase comes after two consecutive 50 basis point hikes, bringing the policy interest rate to 2.5 per cent, the highest level… Source link

Reuters Gold slips as interest rate expectations sap appeal Gold fell on Monday as prospects of higher interest rates dimmed appeal for the non-yielding asset, but a softer dollar helped bullion to cling above the $1,800 support level. “Gold bulls are stuck in a quagmire of aggressive Fed policy actions, as the prospects of higher U.S. rates erode support for the precious metal,” said Han Tan, chief market analyst at Exinity. The U.S. Federal Reserve is expected to deliver another 75 basis… Source link

Julie and Todd Chrisley have been convicted. (Photo: Danielle Del Valle/Getty Images for E3 Chophouse Nashville) Reality stars Todd and Julie Chrisley face up to 30 years each in prison after being convicted of bank fraud and tax evasion. Following a three-week trial in Atlanta, a federal jury began deliberating Friday and, on Tuesday, found the Chrisley Knows Best stars guilty on all counts. The celebrity couple had been accused of inflating their net worth while seeking loans from smaller… Source link

DAVOS, Switzerland — The crypto faithful shouldn’t expect Bank of America to make a major push into the sector anytime soon. “No,” replied Bank of America CEO Brian T. Moynihan when Yahoo Finance Live asked him at the World Economic Forum whether he felt like the company was missing out on the next big thing by not aggressively moving into crypto (full interview above). Moynihan — who has driven a major digital banking transformation as BofA’s CEO for the last 12 years — explained the… Source link

Acting Comptroller of the Currency Michael Hsu said this week that hype is a serious risk for cryptocurrencies and likened certain crypto transactions to Ponzi schemes, warning that the crypto space is very dangerous for investors of modest means. The comments come after the collapse of stablecoin TerraUSD (UST-USD) on May 9 reverberated through the cryptocurrency market. “The recent collapse of the TerraUSD stablecoin and associated sell-off in crypto markets has shown that hype-driven… Source link

The Google logo displayed on a smartphone screen. Kirill Kudryavtsev | AFP | Getty Images Google’s Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said on Wednesday. The Alphabet unit has been under pressure in Russia for months for failing to delete content Moscow deems illegal and for restricting access to some… Source link

Goldman Sachs emerged as one of the strongest advocates of a post-pandemic return to the office this year, but the fight for talent could be forcing the investment bank to reverse course and offer employees more time away from their desks instead. In an internal memo seen by the Financial Times, the investment bank said it would offer junior staff a minimum of two extra days off each year. But senior staff will get an even bigger perk—one more commonly associated with Silicon Valley than… Source link