Lexington Corporate Properties Trust, New York, has announced an agreement to sell 4.5 million of its common shares to Wachovia Securities, with net proceeds of $16.44 per share.The real estate investment trust said it plans to use the net proceeds of approximately $74 million to repay debt, to fund future acquisitions, and for general business purposes. Wachovia is the sole underwriter. The REIT can be found on the Web at http://www.lxp.com.
A new class action lawsuit accuses the banking giant of failing to lower borrowers' interest rates following a series of Federal Reserve rate cuts.
The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
