Hedge fund known for pursuing unpaid debts prevails in litigation against telecoms company
Conglomerate’s holding in German lender falls as complex financing structure unwinds
The move is part of the US bank’s strategy to own rather than rent its major buildings
Bank blamed regulations and European worries for caution, but it could live a little more
Absolute return manager Bruno Crates says you can have good quality beta with a bit of alpha
Sale of Oppenheimer to Invesco is largest transaction as number of deals hits 253
The company’s expansion into new business lines could help offset recent declines in loan volume.
HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges.
Banks want to encourage innovation by extending access to outside developers, but customer data remains vulnerable while in use by an application.
“You can’t meet customers at the headquarters,” CEO Kevin Cummings tells his senior executives.