Fred Seigel’s firm looks like it’s fed up with its floating interest rate on a massive Chicago office tower loan. His Boston-based Beacon Capital Partners’ $370 million commercial mortgage-backed securities loan moved to special servicing in recent weeks, a sign the borrower is likely to default on the debt tied to the 1.2 million-square-foot skyscraper
The Covid-19 pandemic was one of the key drivers (open banking the enabler) of global embedded finance adoption. According to Global Market Insights, the embedded finance market shot to $58 billion by 2022, and is estimated to clock-in a 29% compound annual growth rate (CAGR) until 2032 – by which point it could exceed
BENSONHURST — POLICE HAVE ARRESTED THE MAN who hammered two statues and an entrance at a Roman Catholic parish in Bensonhurst, reports the Daily News. A man with a history of mental illness used a hammer to smash in the faces of two outdoor statues of Mother Teresa and St. Pope John XXIII, at St.
Shares of consumer-finance companies including Capital One and the parent of Rocket Mortgage dropped on Thursday after the Supreme Court ruled that the Consumer Financial Protection Bureau is funded legally. The ruling is a win for consumer-protection advocates and a setback for conservative groups and the Community Financial Services Association of America, the industry lobbying