NYCB COO Signorille-Browne Resigns From Lender
New York Community Bancorp said Julie-Ann Signorille-Browne has resigned from her post as chief operating officer — a role she was promoted to in September last year.
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New York Community Bancorp said Julie-Ann Signorille-Browne has resigned from her post as chief operating officer — a role she was promoted to in September last year.
Country Garden Holdings Co. is set to begin a major legal battle on Friday, squaring off in a Hong Kong court against a creditor seeking the liquidation of the defaulted Chinese developer.
China’s government plans to hold a meeting with key officials on Friday morning to discuss the property market, including a proposal to clear excess housing inventory, according to people with knowledge of the matter.
The US Supreme Court upheld the Consumer Financial Protection Bureau’s funding system, lifting a legal threat that could have derailed an agency set up after the 2008 financial crisis to regulate mortgages and other consumer-finance products.
A string of reports this week illustrated a slow start for the US economy in the second quarter, adding to evidence that demand is cooling which will help set the stage for the Federal Reserve to cut interest rates.
Sep 16, 2019
Bloomberg News
,Blackstone Group Inc. added new properties in Germany and The Netherlands with the purchase of a Canadian real estate trust, in deal valued at $6.2 billion including debt.
The New York-based private equity firm agreed to pay $16.79 a share in cash for Dream Global Real Estate Investment Trust, according to a statement from the companies Sunday. The offer is 19 per cent higher than Dream Global’s closing price Friday in Toronto. The stock jumped 17 per cent to C$16.57 Monday.
Dream Global, which went public in 2011, operates office and industrial properties across Western Europe. The offer values the equity of the company at about $3.2 billion.
“This transaction is an exciting opportunity for Blackstone to expand its existing office and logistics portfolios in some of the largest and most important markets in the region,” said James Seppala, head of Backstone’s real estate in Europe.
The deal comes less than a week after Blackstone separately said it raised US$20.5 billion for its largest real estate fund ever. The private equity industry’s largest real estate investor held a final close on Blackstone Real Estate Partners IX. The amount gathered is more than the US$15.8 billion raised by the 2015 pool.
Toronto-Dominion Bank and National Bank of Canada were the financial advisers on the deal, which requires two-thirds support of Toronto-based Dream Global’s shareholders.
--With assistance from Robert Tuttle