Summary: Washington Federal Bank, a subsidiary of WaFd, is selling commercial multi-family real estate loans to Bank of America for $2.9 billion to reduce exposure in a troubled sector. The commercial real estate sector has been challenged by higher borrowing costs and lower occupancy rates, causing concern among investors and regulators.
Full articleSummary: Newmark Group Inc, Emerson Electric Co., and IDEX Corporation will trade ex-dividend on 5/16/24 with upcoming dividend payments. NMRK, EMR, and IEX will pay quarterly dividends of $0.03, $0.525, and $0.69 respectively. The dividends will result in NMRK opening 0.30% lower, EMR opening 0.46% lower, and IEX opening 0.31% lower when trading resumes.
Full articleSummary: JPMorgan Chase and Nomura Holdings are limiting dealings with Segantii Capital Management, an Asian hedge fund charged with insider trading by Hong Kong authorities. Other banks are also reassessing their relationships with Segantii amidst the ongoing legal proceedings.
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