SL Green sells 245 Park Avenue stake for $2bn valuation to Japanese firm.
The New York office market has received a boost from the sale of a tower valued at $2bn, indicating a potential recovery from the pandemic-induced slump.
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FDIC and SVB Financial in dispute over $2bn in frozen funds.
SVB Financial and the Federal Deposit Insurance Corporation (FDIC) are in a dispute over the fate of $2bn in a bankruptcy hearing. SVB Financial is arguing that the funds should be returned to investors, while the FDIC claims that the money should be used to pay off creditors. The outcome of the hearing could have significant implications for the banking industry.