All articles tagged with #lender
Originally Published 2 days ago — by Financial Times
First Brands has filed a lawsuit against the founder's brother and its largest lender, accusing them of fraud, highlighting a legal dispute involving allegations of misconduct within the company.
Originally Published 1 year ago — by Yahoo Finance
New York Community Bancorp's stock tumbled as much as 47% as the lender attempts to raise equity capital to restore investor confidence amid a challenging year marked by dividend cuts, increased provisions for loan losses, and a change in leadership. The company is working with advisers, including Jefferies Financial Group Inc., to gauge investor interest in buying stock. NYCB, a major lender to owners of apartment buildings and offices in New York, has seen its credit ratings downgraded to junk and faces pressure from rapid growth through acquisitions.
Originally Published 2 years ago — by The Wall Street Journal
A San Francisco mall has been turned over to its lender as the downtown area struggles with a decline in foot traffic and retail sales. The mall's owner, Brookfield Property Partners, had defaulted on its loan, leading to the transfer of ownership to the lender. The move highlights the challenges facing the real estate industry in urban centers as more consumers turn to online shopping and remote work continues to impact foot traffic.