the real deal Archives

Principles for US ESG Regulation Released by American Bankers Association | Perspectives & Events

Post Author By Rimuru
Post Date September 7, 2024

On June 23, 2022, the American Bankers Association and 51 state bankers associations released a letter to the federal financial regulators¹ that describes the principles the regulators should use when developing guidance and regulations on environmental, social, and governance (“ESG”) issues (“Industry Letter”).² These principles reflect the industry’s view on how the government can maintain a free-market financial system that also addresses national and global challenges.

The Industry Letter is driven by growing concern that new ESG regulatory requirements will impede banks’ ability to provide necessary products and services to customers. In this Legal Update, we provide background

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Credit Suisse: What’s going on, and why its stock is falling

Post Author By Rimuru
Post Date August 9, 2024

Credit Suisse was trending for all the wrong reasons this weekend, as social media was in a frenzy debating whether one of the 30 global systemically important banks would collapse altogether.

The bank did open its doors on Monday. The bad news was, its shares CSGN,
-7.60%

CS,

fell 11% at the open to a new record low, and have dropped 59% this year.

The market that has really caught the attention of traders is that of credit-default swaps. Those are effectively batch on whether a debt issuer will survive. The 5-year credit default swap widened on Friday to 250

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Real Estate News

Tammy Sytch Legal Update – WrestleTalk

Post Author By Rimuru
Post Date July 30, 2024

According to a new report, there has been a legal update in the case regarding Tammy Sytch, perhaps best known to wrestling fans for her time in WWE as Sunny.

Sytch is currently facing criminal proceedings, charged with DUI Manslaughter in Florida and in an update, a previous petition by her legal representative has been granted.

Steven deLaroche, the attorney who had been tasked with representing Sytch had filed a motion to withdraw from the case and now PWInsider is reporting the hearing has taken place granting the petition.

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Real Estate News

Liverpool and Manchester Top Cities For GCC Investors

Post Author By Rimuru
Post Date July 13, 2023

For investors based in the six Gulf Cooperation Council (GCC) countries, the UK has historically been one of the most popular places to invest in buy to let property.

Understandably, London has received the majority of this investment through the years due to it being one of the world’s most important financial centres, having huge employment opportunities, as well as an abundance of famous historical attractions leading to sustained tenant demand.

But following the Covid-19 pandemic, a number of factors have caused a significant shift in this long-established trend, a shift that’s increasingly taking North West investors.

The GCC is

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Real Estate News

Rents in the UK Rise to Record Levels

Post Author By Rimuru
Post Date July 5, 2023

From a buy-to-let investment perspective, there are a number of regions across the UK showing strong signs of rental growth such as the North West, which saw an increase of 0.83% in the average rental price between April and May.

This sits above the average increase of 0.73% across England and 0.32% in the Greater London area, making North West one of the most promising regions in which to invest when it comes to rental growth.

Furthermore, the North West’s two main cities, Liverpool and Manchester, have now established themselves among the best buy-to-let investment areas in the UK, offering

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Real Estate News

Interest Rates Rise in the UK

Post Author By Rimuru
Post Date June 27, 2023

Given that mortgage rates are set to rise because of the rising interest rates, many buy-to-let investors will be having to pay more on their mortgages as lenders raise their rates to meet the Bank of England’s base rate.

It’s worth noting that although the Bank of England is raising their rates to 5%, mortgage lenders’ rates will be a lot higher than this. Especially with buy-to-let mortgages, rates are often a lot higher than standard residential mortgages due to the higher risk of them not being repaid.

Buy-to-let mortgage repayments cover the accrued interest of the mortgage, so monthly

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Real Estate News

Beitler Real Estate Corp. News & Articles

Post Author By Rimuru
Post Date June 2, 2023

(Crain’s) — A deal between developer J. Paul Beitler and St. Andrews’s Greek Orthodox Chicago to develop a high-rise condominium on a site adjacent to the Edgewater church is falling apart, nine months after the collapse of another transaction with a different developer on the same site. See related story: Apartment REIT drops plans for Lake Shore Drive Tower In August, Mr. Beitler had sought city zoning approval for a 45-story condo tower that would include 288 residential units and parking for 613 cars. The three-acre site is located just south of the church, 5649 N. Sheridan Rd. In a

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Real Estate News

BTB Real Estate Investment Trust (OTCMKTS:BTBIF) Short Interest Down 26.9% in April

Post Author By Rimuru
Post Date May 15, 2023

BTB Real Estate Investment Trust (OTCMKTS:BTBIF – Get Rating) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 20,400 shares, a drop of 26.9% from the April 15th total of 27,900 shares. Based on an average daily volume of 700 shares, the short-interest ratio is presently 29.1 days.

Analyst Upgrades and Downgrades

Separately, National Bank Financial cut their target price on shares of BTB Real Estate Investment Trust from C$3.85 to C$3.65 in a research report on Wednesday, May 10th.

BTB Real Estate Investment Trust Stock Performance

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