Standard & Poor's has announced plans to replace three real estate investment trusts in the S&P REIT Composite index.Digital Realty Trust, a San Francisco-based technology REIT, will replace MeriStar Hospitality in the REIT index after the close of trading May 2 because MeriStar is being acquired by The Blackstone Group and affiliates, S&P said. Sunstone Hotel Investors Inc., a San Clemente, Calif.-based lodging REIT, will replace Arden Realty in the index, also after the close of trading May 2, because Arden is being acquired by GE Real Estate. And First Potomac Realty Trust, a Bethesda, Md.-based industrial and flex-property REIT, is replacing Bedford Property Investors Inc. after the close of trading May 3 because Bedford is being acquired by an affiliate of LBA Realty LLC. S&P can be found online at http://www.standardandpoors.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
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McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18