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Banking, Real Estate

“PacWest to Sell $2.6 Billion Real Estate Loans at Discount”

“PacWest Bancorp, one of the US lenders engulfed in the regional banking turmoil, agreed to sell a $2.6 billion portfolio of real estate construction loans amid efforts to shore up liquidity. Kennedy-Wilson Holdings Inc. will purchase the group of 74… Continue Reading…

Stocks

“2 “Strong Buy” Stocks Trading at Steep Discounts”

“Theravance Biopharma (TBPH)… Overall, there are 5 reviews on file, and all are to Buy, making the Strong Buy consensus unanimous. TBPH shares are priced at $16.95, and their $33.60 average price target suggests a 97% upside from that level…  NiSource,… Continue Reading…

Business, Stocks

“Macy’s shares sink as discounts to clear inventory hurt, tourism drops”

“Macy’s Inc <M.N> cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much… Continue Reading…