Washington Real Estate Investment Trust, Rockville, Md., has priced a public offering of 2.6 million shares of its common shares of beneficial interest at $34.80 per share. The REIT said it will grant the underwriters an option to buy up to 390,000 additional shares to cover any overallotments. Raymond James & Associates Inc. and J.P. Morgan Securities Inc. are the joint book-running managers of the offering. The REIT can be found online at http://www.writ.com.
The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
