The London offices of Cantor Fitzgerald International and eSpeed International have reported thatthey are "doing everything possible to assess the situation at their world headquarters at One World TradeCenter in New York City," which has been active in serving the mortgage-backed securities market. Both companies had operations on the 101st, 103rd, 104th, and 105th floors. Approximately 1,000 peopleare employed by the two companies at the World Trade Center. At midday Wednesday, the companies said they wereunable to determine how many employees were in the building at the time of the attack or whether they were safelyevacuated. "All of our thoughts and prayers are with our [New York] colleagues and their families and friendsat this time," said Howard W. Lutnick, chairman of both companies. "In a very difficult and confusedsituation, we are doing all that we can to determine more about the situations of colleagues." The companieshave asked anyone who can confirm the safety of any of the affected employees to phone 212-704-8188. Relativesand friends who wish to inquire about employees should call, from inside the U.S., 1-866-326-3188 or 011-44-20-78947321 and, outside the US, +44 (0)20 7894 7321. The eSpeed website in the United Kingdom will also provide updates.Its address is http://www.espeed.co.uk.
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What was once a bipartisan and broadly popular housing bill has been weighed down with a pair of provisions that banks can't support. Even with those headwinds, the bill is more likely than not to pass, but not without drawn-out negotiations between the House and Senate.
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Federal Reserve Gov. Michael Barr said in a speech Tuesday afternoon that he wants to see a durable and reliable reduction in consumer price inflation before he considers cutting the central bank's interest rates.
March 24 -
The long-defunct Nationwide Biweekly Administration, accused in 2015 of deceptive marketing, has been ordered to pay a $7.93 million civil money penalty.
March 24 -
The Long Island-based lender is one of five nonbanks since January to have disclosed a prior hack, with the extent of those incidents remaining unknown.
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More than 42,000, or 13.7%, of home-sale agreements in the United States fell through in February, according to a new Redfin report.
March 24 -
Republican Sen. Josh Hawley repeated his long-standing criticism of Fair Isaac Corp. in a letter noting the detrimental impact of its prices on home buyers.
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