Nomura Securities International Inc. has hired Jack A. Leventhal as a managing director and the head of U.S. financial institutions in NSI's investment banking division.Mr. Leventhal's responsibilities will include the expansion of NSI's financial advisory business to multinational financial institutions based in the United States and the creation of a middle-market investment banking business to U.S. financial institutions. He is based in New York. Tomoko Iino, managing director and head of investment banking at NSI, said Mr. Leventhal's "extensive background in cross-border transactions and experience in the U.S. make him a major asset to our firm as we expand our cross-border business as well as business in the U.S." Mr. Leventhal was chief executive officer and global head of financial institutions for Deloitte & Touche corporate finance in 2004 and 2005, and he also served at UBS, beginning in 1995. He was responsible for the creation and implementation of structured nonperforming loan transactions and led UBS's distressed portfolio principal investment activity in China and Japan.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
August 13 -
The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
August 13 -
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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