Real Estate Asset Protection

Monarch Bank, a subsidiary of Monarch Financial Holdings, Inc. , today announces a new service that will provide greater access to FDIC insurance. Certificate of Deposit Account Registry Services, , allows individuals and businesses the security of FDIC insurance of up to $50 million on CD investments, with just one banking relationship at Monarch […]

The strategic benefits of Citigroup Inc.’s (Citi) acquisition of Wachovia Corporation’s (Wachovia) retail, corporate/investment and private banking operations are tempered by Citi’s own escalating asset quality challenges, according to Fitch Ratings. Fitch has placed Citi’s ‘AA-’ long-term Issuer Default Rating (IDR) on Rating Watch Negative following the announced agreement. More…
SOMERSET […]

Sept. 29 (Bloomberg) — Gold jumped on demand for a haven as governments in the U.S. and Europe raced to prop up lenders amid the persistent credit squeeze. Silver declined. More…
In the inky blackness of the night, I hear them. Here in the US Pacific Northwest, with the sun no longer ionizing the upper […]

Sept. 29 (Bloomberg) — Gold jumped on demand for a haven as governments in the U.S. and Europe raced to prop up lenders amid the persistent credit squeeze. Silver declined. More…
Sept. 22 (Bloomberg) — Lehman Brothers Holdings Inc. ’s bankruptcy filing may delay the sale of about $30 billion of commercial real estate assets […]

U.S.-based private equity fund Oaktree Group said Thursday that it will take control of a Japanese real estate investment trust after its sponsor announced bankruptcy. Oaktree, which manages assets worth $58.7 billion, will become the sponsor of Re-plus Residential Investment Inc. after Re-plus Inc. filed for bankruptcy protection Wednesday. Read the full […]

Sept. 26 (Bloomberg) — The following companies may have unusual price changes in Japanese trading on Sept. 29. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise. More…
Sept. 22 (Bloomberg) — Lehman Brothers Holdings Inc. ’s bankruptcy […]

SOMERSET . A New York real estate magnate has bought the historic Somerset Refinery for $2.2 million and said he wants to have it up and running by early next year. That would begin a new chapter for the refinery. It had been turning crude oil into […]

Sept. 22 (Bloomberg) — Lehman Brothers Holdings Inc. ’s bankruptcy filing may delay the sale of about $30 billion of commercial real estate assets at a time when property values are eroding, leaving less on the table for creditors. More…
Sept. 23 (Bloomberg) — American International Group Inc. , selling assets to repay a U.S. […]

ENVIRONMENT: Govt halts work at Dow Chem site in Pune Pune, Sept. 27 The Maharashtra Government has issued orders to stop construction work for a month on research and development centre being set up by Dow Chemicals International Pvt Ltd … More…
ATLANTIC CITY-After months of searching, the troubled Tropicana Casino may have found a […]

Struggling home and auto lender GMAC will sell part of its Residential Capital unit to Brookfield Asset Management Inc. of Canada as it expands efforts to raise cash, the companies said Tuesday. (BAM) (GMA) Read…
Real estate companies have joined the ranks of those seeking protection from short-selling on Wall Street, including two national firms […]