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Business, Real Estate

“Blackstone in Talks With Lenders on Maturing Chicago Office Loan”

“Blackstone Inc. is in discussions with lenders on a $310 million mortgage backed by a struggling Chicago office tower. The commercial mortgage-backed security on the property, 350 North Orleans, was transferred to special servicing ahead of its July maturity, according… Continue Reading…

Banking, Real Estate

“US lenders are starting to go bankrupt with new mortgages down 47%…” 

“…A report from ATTOM reveals that new mortgage originations were down 47% in the third quarter of 2022 compared to the year before. That’s a 19% decrease from the previous quarter and represents the biggest annual drop in 21 years.… Continue Reading…

Cryptocurrencies

“Crypto Lender BlockFi Suspends Withdrawals in FTX Contagion”

“The crisis sparked by the collapse of Sam Bankman-Fried’s FTX crypto empire ensnared BlockFi, a troubled digital-asset lender once worth $3 billion but which has now limited activity on its platform… The Jersey City, New Jersey-based company asked customers to… Continue Reading…

Cryptocurrencies

“Another crypto lender Vauld pauses withdrawals as market crash takes its toll”

“Crypto lender Vauld on Monday paused all withdrawals, trading and deposits on its platform and is exploring potential restructuring options, the company said. Vauld CEO Darshan Bathija said in a blog post on Monday that the company is facing “financial challenges” due… Continue Reading…

Banking, Business, Stocks

“Deutsche Bank shares slump more than 7% as lender gets ready for major overhaul”

“Deutsche Bank shares slumped more than 7 percent as the German lender announced a mass restructuring program over the weekend. In one of its boldest overhauls, the bank will see 18,000 jobs cut by 2022 and the closure of its global… Continue Reading…