Fifth Third Jumps as CEO Calls Bottom on Net Interest Income
Fifth Third Bancorp jumped the most in four months, leading bank stocks higher, with Chief Executive Officer Tim Spence predicting that income from lending has bottomed out.
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Fifth Third Bancorp jumped the most in four months, leading bank stocks higher, with Chief Executive Officer Tim Spence predicting that income from lending has bottomed out.
China’s securities regulator said it will encourage the nation’s companies to list in Hong Kong as it unveiled a package of measures to bolster the city’s position as an international financial hub.
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Hudson Bay Capital Management has raised over $800 million to invest in so-called special opportunities, according to a person with knowledge of the matter.
A group of investors led by a Dubai-based real estate developer is in talks to build a mixed-use tower in Thailand that may vie for the mantle of the world’s tallest building.
Jan 25, 2021
Bloomberg News
,(Bloomberg) -- Stanford Kurland, founder of PennyMac Mortgage Investment Trust and a former executive at Countrywide Financial Corp., has died. He was 68.
Kurland, PennyMac’s non-executive chairman, died from complications related to Covid-19 as he was battling brain cancer, the firm said Monday in a statement. He founded the company in 2008 and was its former chief executive officer and executive chairman.
“Covid-19 has robbed us of a great leader, mentor and friend,” PennyMac CEO David Spector said in the statement. “Stan leaves an indelible mark not only on PennyMac, but on the mortgage industry he helped to build and shape.”
Kurland spent 27 years at Countrywide, which was once the biggest U.S. residential-mortgage lender. After his departure in 2006, the firm foundered amid the worldwide credit crisis and was acquired by Bank of America Corp. in 2008.
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