Tag

Financial Transaction

All articles tagged with #financial transaction

politics2 years ago

Justice Thomas' undisclosed real estate deal with GOP megadonor raises concerns.

Supreme Court Justice Clarence Thomas failed to report a 2014 real estate deal worth over $100,000 with conservative mega-donor Harlan Crow, who purchased three properties belonging to Thomas and his family. This transaction has fueled calls for an official ethics investigation into Thomas' decades-long relationship with Crow, who has gifted Thomas and his wife with hundreds of thousands of dollars worth of annual vacations and trips. Thomas and Crow have released statements downplaying the significance of the gifts, with Thomas maintaining that he was not required to disclose the trips.

finance2 years ago

NYCB's FDIC Deal Leaves Signature Bank with Toxic Loans

New York Community Bancorp has acquired $38.4 billion worth of assets, including $13 billion in loans, from the now-defunct Signature Bank, in one of the largest financial transactions in history. The deal will increase tangible book value per share by 15% and earnings per share by around 20%, while also adding branches throughout New York, California, Connecticut, North Carolina, and Nevada. The acquisition will add new verticals to the company's commercial lending platform and remove any doubt as to the health of New York Community Bancorp.