Last year proved to be difficult to describe. The economy didn't experience a double-dip recession as some had feared, though recovery is too strong a word to describe it. The Eurozone did not...
2011 was the year of people power; whether it was the Arab Spring, Occupy Wall Street, recall elections or MF Global customers fighting against the big banks, people demanded to be heard and...
LOUISVILLE, Ky. -- Republic Bancorp, Inc. is pleased to announce its fourth consecutive year of increased earnings by completing 2011 with net income of $94.1 million, a $29.4 million, or 45%, increase over...
- Records Pre-Tax Charge of $61.0 Million ($.17 Per Share) - Full Year Net Income of $603.6 Million, Earnings Per Common Share of $2.47 - Full Year Pre-Tax Charges Total $91.6 Million ($.25...
NEW YORK -- Fitch Ratings has issued a presale report on FREMF 2012-K705 multifamily mortgage pass-through certificates and Freddie Mac structured pass-through certificates, series K-705. Fitch expects to rate the transaction and assign...
U.S. Treasuries Expected to Remain Volatile; Corporate and High Yield Issues Continue to Be An Attractive Option Due to Business Climate SAN FRANCISCO -- Bank of the West's Wealth Management Group today released...
* Net income of $81.7 million for 2011, compared to $62.9 million for 2010. This represents an increase of $18.8 million, or 29.87%. Diluted earnings per common share were $0.77. * 4(th) Quarter...
NEW YORK -- AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the "Company") announced today that it is commencing an underwritten public offering of 4,000,000 shares of common stock. MITT expects to grant the...
NEW YORK -- Fitch Ratings upgrades Holliday Fenoglio Fowler, L.P.'s (HFF) commercial mortgage-backed securities (CMBS) primary servicer rating to 'CPS2' from 'CPS2-'. Additionally, Fitch affirms its special servicer rating of 'CSS3'. HFF's primary...
Second appointment as independent CRE CDO manager BOSTON & NEW YORK & WASHINGTON -- CWCapital Investments LLC ("CWCI"), a subsidiary of CW Financial Services LLC ("CWFS"), and a leading real estate debt and...
NEW YORK -- Citigroup Inc.'s (Citi) fourth quarter-2011 (4Q'11) performance was generally in line with Fitch Ratings' expectations, though the bank is still underperforming its top-rated U.S. peers. Citi continued to generate operating...
NEW YORK -- Fitch Ratings has affirmed GEMSA Loan Services' (GEMSA) commercial mortgage-backed securities (CMBS) primary servicer ratings at 'CPS1' and master servicer rating at 'CMS1-'. The primary and master servicer ratings are...
NEW YORK -- Fitch Ratings has downgraded 40 bonds in 25 U.S. commercial mortgage-backed securities (CMBS) transactions to 'D', as the bonds have incurred a principal write-down. The bonds were all previously rated...
'361 Capital Systematic Index' Seeks Extremely Low Correlation To General Equity Markets DENVER -- 361 Capital, a provider of alternative investment portfolios to major institutions, financial intermediaries, and high-net-worth investors, today announced the...
NEW YORK -- Link to Fitch Ratings' Report: JP Morgan Chase Commercial Mortgage Securities Corp., Series 2006-LDP9 -- U.S. CMBS Focus Performance Report http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=666912 Fitch Ratings has published its U.S. CMBS Focus Performance...
NEW YORK -- Link to Fitch Ratings' Report: U.S Homebuilding/Construction: The Chalk Line Winter 2011/2012 http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=663649 With positive economic and construction data currently outweighing negative statistics to start 2012, it appears the groundwork...
NEW YORK & LONDON -- Financial institutions that require accurate, timely and cost-effective corporate actions information could derive significant benefits from outsourcing some functions to independent firms that offer high-quality global corporate actions...
NEW YORK -- Two Harbors Investment Corp. (NYSE: TWO; NYSE Amex: TWO.WS) today announced the completion of its public offering of 34,000,000 shares of its common stock and issuance of an additional 5,100,000...
NEW YORK -- Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to eight classes of mortgage pass-through certificates from Sequoia Mortgage Trust (SEMT) 2012-1, a jumbo prime RMBS transaction. The transaction is secured...