Scott Rechler, president and chief executive officer of Reckson Associates Realty Corp., has been named chairman of the board of Reckson to fill the vacancy created by the recent resignation of Donald Rechler.Reckson, a real estate investment trust based in Melville, N.Y., said the 70-year-old Donald Rechler, a co-founder of the office REIT, resigned to pursue nonbusiness interests. Reckson noted that the resignation came a year after the sale of the company's Long Island industrial portfolio and the related restructuring in which Donald Rechler stepped down as co-CEO. Reckson can be found on the Web at http://www.reckson.com.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









