Federal Deposit Insurance Corporation

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  • First Financial Markets $90M Loan Portfolio for FDIC

    The FDIC has tapped First Financial Network to market a multi-faceted portfolio of performing and non-performing loans valued at $90 million.

    National 05 September 2014 14:53
  • Citi Pays Fine for Subprime Misdeeds; Oil, Gas Prices Edge Down

    Citigroup will pay $7 billion to settle charges levied by the U.S. Department of Justice for securitizing and selling vast numbers of bum mortgages to investors in 2006 and ’07. The price of oil and gas continues to slide.

    National 15 July 2014 12:53
  • KRE, Dune Acquire 5 M-F Assets for $237M; South Blvd. Apartments Fetches $42M

    By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor Las Vegas’ residential market ended 2013 with a flurry of high-profile multi-family transactions. In a $237 million deal, KRE Capital and Dune Real Estate Partners teamed up to acquire five residential properties comprising 1,435 rental and condominium units, VegasINC.com reports. The seller, ST Residential, was [...]

    Las Vegas 11 January 2014 21:06
  • Winthrop Snaps Up 4 Class A Apartment Buildings for $246M

    Winthrop Realty Trust has agreed to buy four Class A luxury apartment buildings from ST Residential for an aggregate price of $246 million.

    West 15 August 2013 13:45
  • U.S. Banks Healthy; World Growth Still Sluggish

    According to the Federal Deposit Insurance Corp., American banks had their best-ever quarter during the first quarter of this year. And the world economy is predicted to grow 3.1 percent this year, then accelerate to 4 percent growth in 2014. The estimate is a bit gloomier than the last Economic Outlook, published in November 2012, which predicted 3.4 percent growth in 2013 and 4.2 percent in ’14.

    National 30 May 2013 13:28