Mack-Cali Realty Corp, a real estate investment trust based in Edison, N.J., has announced that it plans to withdraw its common stock from listing on NYSE Arca Inc., formerly the Pacific Exchange.Mack-Cali said its common stock will continue to be listed on the New York Stock Exchange. The decision was based on a determination by Mack-Cali's board that it was "no longer necessary or desirable" to maintain common stock listings on two affiliated domestic exchanges, the REIT said. Mack-Cali, which focuses chiefly on office and office/flex properties, can be found online at http://www.mack-cali.com.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
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House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
June 26 -
ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
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Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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