A change in his business model is part of the reason Donald Trump has fewer recent dealings with Wall Street. CreditAlex Brandon/Associated Press

By Donald Trump’s reckoning, his relationship with Wall Street could not be better.

“I am friends with all the major banks,” he said in an interview. “They are dying to do business with me.”

The presumptive Republican nominee recently tapped Steven T. Mnuchin, a former Goldman Sachs partner and chairman and chief executive of Dune Capital Management, a private investment firm, as his national finance chairman. Carl C. Icahn, the billionaire activist shareholder, was an early supporter. Thomas J. Barrack Jr., founder and executive chairman of the private equity firm Colony Capital, is scheduled to host a Los Angeles fund-raiser later this month, Mr. Mnuchin said…

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The two properties offer over 33,000 square feet of retail and office space on Saint Catherine Street in Montreal.
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  • Defaulted loans shrink from 23.2 billion pounds at end of 2014
  • De Montfort University surveyed British banks on loans

Rising property values enabled lenders in the U.K. to reduce defaulted commercial-property loans on their books by almost half to about 12.1 billion pounds ($17.5 billion) last year, a survey showed.

The amount remaining in default fell from 23.2 billion pounds at the end of 2014, according to a survey of lenders by Leicester, England’s De Montfort University released Tuesday by the British Property Federation…

Soured U.K. Commercial Property Loans Cut by Half as Values Jump

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Steve Bailey of Bank of America’s Countrywide unit at a 2008 Senate hearing. A $1.27 billion penalty was overturned Monday. CreditAlex Wong/Getty Images

A federal appeals court dealt a blow to the federal government’s effort to hold Bank of America accountable for the sale of shoddy mortgages before the financial crisis, overturning a $1.27 billion penalty the bank had been ordered to pay in the so-called hustle case.

A three-judge panel ruled on Monday that federal prosecutors had failed to prove that Bank of America’s Countrywide unit had defrauded Fannie Mae and Freddie Mac, the government-backed mortgage firms, when it sold them troubled loans…

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  • Parliament investigates collapse of department-store chain
  • U.K. buyout group lacked retail experience, Goldman says

Goldman Sachs Group Inc. said it warned the former owner of collapsed U.K. retailer BHS that the investor who later acquired the department-store chain had a history of bankruptcy, as the iconic company’s breakdown and possible job cuts come under public scrutiny.

Anthony Gutman, co-head of European investment banking at Goldman Sachs, said during testimony in Parliament on Monday that he made “observations” to BHS owner Arcadia Group Plc in 2014 in an unpaid capacity, telling the retailer about the suitor’s financial history and lack of retail experience…

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The U.S. Securities and Exchange Commission is investigating whether Deutsche Bank AG inflated the value of securities in its mortgage-bond trading business and masked losses around 2013, according to people with knowledge of the matter.

Investigators are looking at positions overseen by Troy Dixon, who at the time ran the bank’s trading for U.S. government-backed mortgage bonds known as agency pass-throughs, said the people. The SEC is asking whether the bank delayed recording losses on those securities over an extended period of time, said the people, who asked not to be identified because the matter is private…

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NGKF has already secured major tenants for Turnpike1 Business Park, including Pepsico/Frito-Lay.
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The City of London Corporation, which oversees the U.K. capital’s main financial district, has appointed a new surveyor to manage more than 2.5 billion pounds ($3.6 billion) of real estate for the district.

Paul Wilkinson will oversee the Corporation’s 16 million square feet (1.48 million square meter) of commercial-property holdings including Tower Bridge when he assumes the job as City Surveyor in October, a spokesman said by e-mail. He will be the 35th person to hold the office since 1478. Wilkinson’s currently director of property and facilities management at the University of London…

City of London District Names $3.6 Billion Real Estate Manager

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Let’s say that there are two kinds of mortgages in the world: Acceptable and Unacceptable. You want to buy Acceptable mortgages, but not Unacceptable ones. I make the mortgages, in my mortgage factory, and I know which ones are Acceptable and which are Unacceptable. But you do not. I sell the mortgages to you.

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The group’s first vice president will focus on institutional hotel sales throughout Hawaii and the Pacific.
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  • Supermarket chain was in receivership for 4 years until 2010
  • Company seeking 1.2 billion-shilling government loan

Suppliers of Uchumi Supermarkets Ltd. agreed to resume stocking Kenya’s only publicly traded retailer as the company’s biggest shareholder said it would ensure they received payment.

The 40-year-old company that was placed into receivership in 2006, from which it emerged in 2010, owes creditors including Nairobi-based lender KCB Group Ltd. a total of 3.6 billion shillings ($35.8 million). Over the past year, the company has closed down almost half its stores to cut costs and conserve cash…

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  • Slowdown in deal activity means smaller boost to share prices
  • Equity support from M&A, buybacks and dividends begins to wane

Cracks in the foundation of the bull market in U.S. stocks are quickly spreading.

The Wall Street deal-making machine that powered 2015 to one of the biggest years ever for mergers and acquisitions has slowed, and that means the pop to stock prices that investors could count on from corporate transactions has been reduced. While there are still seven months left in 2016, the volume of takeovers shows few signs of picking up…

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COO Brian Harper will follow in the footsteps of Rouse CEO Andrew Silberfein, who is stepping down later this year.
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  • China Securities Finance raised 460 billion yuan from WMPs
  • May invest in high dividend-yield stocks: Merchants analysts

China Securities Finance Corp., the state entity that borrowed more than 1 trillion yuan ($153 billion) from banks at the government’s behest to stabilize stocks last year, is adjusting its liabilities by repaying loans with funds borrowed from lenders’ wealth management products, according to China Merchants Securities Co.

China Securities Finance has borrowed about 460 billion yuan from off-balance-sheet wealth management products, or WMPs, issued by banks as of the end of the first quarter, up from about 370 billion yuan in the fourth quarter last year, China Merchants Securities analysts Ma Kunpeng and He Yue wrote in a note on Tuesday…

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  • Money managers forced to unwind bets against Portuguese bank
  • Funds in retreat miss out on paydays of almost $70 million

Toby Dodson waited six months for his bet against a fragile Portuguese bank to pay off.

But before the reckoning, word came down from his hedge fund bosses at Achievement Asset Management in Chicago: get ready to clear out your desk and unwind your trades, we’re shutting down. They’d lost too much on U.S. energy companies and so became one of the 979 firms to announce their closure last year…

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On Wednesday, Steven Mnuchin, Donald Trump’s campaign fund-raiser, met with hedge fund managers in Las Vegas.CreditAndrew H. Walker/Getty Images

LAS VEGAS — Less than a week after being recruited by Donald J. Trump to be his campaign fund-raiser, Steven Mnuchin did not waste any time looking for big-money donors.

On Wednesday, Mr. Mnuchin met with hedge fund managers at the Bellagio Hotel in Las Vegas, where the nation’s largest hedge fund conference, the SkyBridge Alternatives Conference, or SALT, is being held.

On the sidelines of the conference, Mr. Mnuchin sat with Scott Brown, the former Republican senator from Massachusetts, as he shook hands with prospective Trump donors…

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Cushman & Wakefield handled the negotiations and arranged financing for the office buildings located within Waterford at Blue Lagoon.
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  • New Treasury analysis sees a poorer Britain outside the EU
  • British homes worth at least 10% less by 2018, study finds

British house prices would take a severe blow in the years immediately after a vote to leave the European Union, according to an analysis by the Treasury.

The study concludes that prices would be between 10 percent and 18 percent lower by 2018 relative to their performance inside the EU, according to the Treasury. However, Chancellor of the Exchequer George Osborne insisted this wouldn’t be good news for people trying to buy houses because mortgages would become more expensive and harder to get. The Treasury will publish its full analysis of the short-term consequences of a Brexit next week…

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BAYER OFFERS TO BUY MONSANTO Monsanto said on Wednesday that it had received a takeover bid from Bayer of Germany, Michael J. de la Merced reported in DealBook.

Monsanto did not disclose details of the offer, but said its board was reviewing the proposal. A merger would create a giant in antibiotics, genetically modified crop seeds and pesticides with an annual revenue of more than $67 billion.

There had been speculation about Bayer’s interest in Monsanto with crop prices falling. Dow Chemical and DuPont agreed to merge last year…

Morning Agenda: Bayer Offers to Buy Monsanto

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HFF represented the seller in the development site sale, and secured the JV equity to build a multi-housing/retail project.
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Lisa Mays still trembles when she recalls a sexual assault by a co-worker 26 years ago.CreditJason Henry for The New York Times

Twenty-six years after a co-worker at Smith Barney sexually assaulted her at work, Lisa Mays says she still trembles when she tells the story.

It was early one morning at the Walnut Creek, Calif., branch when a top-producing broker, the only other person in the building, followed Ms. Mays into her office and backed her into a corner.

“Before I knew it, he was lifting my skirt to get into my tights and I was begging him to stop,” she recalled in an interview…

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  • Central bank mentions possibililty of rate increase in June
  • Investors not convinced as economy lacks strength, HSBC says

It’s hard to fault investors for being complacent when the Federal Reserve says it’s on the brink of raising interest rates again.

Policy makers have been delivering that message since the start of last year, only to later back off when the data showed they overestimated the strength of the U.S. economy. This scenario is playing out again in global markets. Even after the Fed’s minutes Wednesday sent a strong signal that an increase may come as soon as June, the bond market is only pricing in a 28 percent chance of that happening…

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The joint venture partners have completed the $900 million refinancing of the Midtown Manhattan office tower.
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  • Scandal complicates conversations with regulators, lawmakers
  • Executives are quick to explain differences between companies

Washington lobbyists for online lenders have a new challenge: LendingClub Corp.

Scandal, fleeing investors and a subpoena at the high-profile financial-technology firm aren’t the only bumps in the road. A U.S. Treasury report last week recommended stricter scrutiny of fintech firms, which have mostly been regulated until now only on the state level. In recent weeks, a major bank stopped buying debt from Prosper Marketplace Inc. and losses mounted at On Deck Capital Inc.

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Phil Mickelson has five major golf championships and countless endorsement deals. Thomas C. Davis, a former investment banker, has a Harvard pedigree and a country club lifestyle.

They also had a secret.

Both men owed money to William T. Walters, a high-rolling Las Vegas kingmaker, often considered the most successful sports bettor in the country.

Now, federal authorities say those debts were at the center of a long-running insider trading scheme…

Insider Trading Case Links Golfer, Banker and Gambler

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  • Israeli bonds tumble after analyst questions loan prospects
  • NYC venture with RXR now hinges on financing deal by June 30

New York luxury-condo builder Extell Development Co. says it’s taking longer than expected to obtain construction financing for its One Manhattan Square project as lenders pull back from the market.

Extell had anticipated getting a construction loan for the downtown project by the beginning of June, as a condition of closing a separate financing deal with RXR Realty LLC, Gary Barnett, president of Extell, said in an interview Friday. Completion of the $463.2 million transaction with RXR, which would form a joint venture for One Manhattan Square and two rental buildings, has now been extended to June 30, Barnett said…

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  • Managers bet on past winners the most in at least six years
  • Health care and technology shares among increased positions

Hedge funds are piling into the same shares that zapped their returns at the start of the year.

They just added momentum stocks for a fifth consecutive quarter, according to an Evercore ISI analysis of 13F filings with the Securities and Exchange Commission. Those shares, loosely defined as the ones that went up the fastest in the past 12 months, posted some of their worst losses in seven years at the start of 2016…

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American Green Inc. will occupy roughly 15,000 square feet of space at Zoned Properties’ flagship Parachute, Colo. facility.
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Sales of previously owned homes increased in April to a three-month high, led by a surge in the Midwest and indicating further improvement in the housing market during the busy spring-selling season, National Association of Realtors data showed Friday.

Key Points

  • Contract closings rose 1.7 percent to a 5.45 million annual rate (forecast was 5.4 million)
  • Purchases climbed 4.9 percent from April 2015, before seasonal adjustment
  • Median price of an existing home rose 6.3 percent from April 2015 to $232,500, the highest since June 2015
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  • Technology may help address risk of multiple-invoice fraud
  • Challenge is getting banks to agree on common platform

The risk posed by fraud in the $4 trillion trade-financing industry has prompted banks to start exploring distributed-ledger technology like the one that underpins bitcoin.

Standard Chartered Plc, which lost almost $200 million from a fraud at China’s Qingdao port two years ago, has teamed up with DBS Group Holdings Ltd. to develop an electronic ledger of invoices that uses a parallel platform to the blockchain employed in bitcoin transactions. Lenders such as Bank of America Corp. and HSBC Holdings Plc say they’re looking at blockchain for trade finance and other banking applications…

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A gas pipe underway in North Dakota. Both companies suffered in the energy markets’ collapse.CreditJim Wilson/The New York Times

With no other options, Energy Transfer Equity needs to run down the clock.

If the pipeline company can delay filing all the documents it needs to complete its merger with the Williams Companies, it might not have to close the deal and pay a chunk of cash to shareholders.

Efforts by company insiders, including the chief executive Kelcy Warren, to cancel the deal are well known, but a new lawsuit in the six-month-old dispute reveals new details about the battle among prestigious Wall Street law firms…

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More than 4,577 new apartments have been delivered in 2015 throughout the county, a 57% increase from 2014.
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  • Loans for $219 million coming from diverse group of investors
  • Luxury units would enter a market already crowded with choices

A luxury-condo project planned for the lower Manhattan site of what was once to be the “Ground Zero mosque” has received $219 million in financing from an international consortium of lenders, paving the way for 50 high-end units to enter a New York market that is growing heavy with them.

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Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, in Burlingame, Calif., in 2014. Mr. Kashkari fears the financial sector has grown too large as a share of the economy as middle-class incomes have stagnated. CreditStephen Lam/Reuters

MINNEAPOLIS — When he left Goldman Sachs to join the Treasury Department in 2006, Neel Kashkari held a worldview that played to type.

“I was a free-market ideologue,” he said.

Then came a huge, sudden financial crisis, and the free-market ideologue found himself sending bailouts to Wall Street in hopes of averting a second Great Depression. Later, Mr. Kashkari ran an improbable (and unsuccessful) race for governor of California, in which he felt up close the fear, anxiety and anger of financially squeezed voters.

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Is the Federal Reserve itchy to raise interest rates again?
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Local banks tighten mortgage rules for outsiders.

Sydney Housing As Aussie Property Perks In CrosshairsPhotographer: Brendon Thorne/Bloomberg
Homebuyers from China have been getting a clear message from Australian banks: Look elsewhere. Citigroup’s local bank will no longer approve mortgage applications in Australia that rely on foreign income denominated in Chinese yuan and four other Asian currencies, spokesman Matthew Coleman said in an e-mailed statement on May 10. Citi had been receiving more applications after a decision by Commonwealth Bank of Australia, National Australia Bank, and Australia & New Zealand Banking Group that restricted lending to nonlocals…
Aussies Tax Foreigners Extra for Buying Homes
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Janet L. Yellen, the Fed chairwoman. Officials have repeatedly said that they want to get out of the business of telling markets when rates will rise, but they also appear unable at times to resist the temptation.CreditSaul Loeb/Agence France-Presse — Getty Images

WASHINGTON — The Federal Reserve sent a sharp, simple message to financial markets on Wednesday: Pay attention. The Fed is thinking seriously about raising its benchmark interest rate at its next meeting, in June.

The unusually frank bulletin was delivered in the official account of the Fed’s April meeting, which said explicitly that most officials thought “it likely would be appropriate” to raise rates in June if the economy shows clear signs of a rebound from a weak winter…

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Thousands of apartments hit Portland in 2015: about 2,700 new units came online in rental projects of 50+ units.

Portland, Ore.—It’s a landlord’s market in Portland with demand for apartments driving rents up over the last few years. The demand for luxurious Portland apartments with all modern conveniences is growing, leading the owners of existing buildings to refurbish older buildings while new luxury apartment complexes spring up continuously.

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  • Currency rises on Friday as G-7 officials meet in Japan
  • Stocks drop a fourth week; bonds halt run of daily declines

South Korea’s won dropped for a third week in the longest stretch of losses since February on concern a U.S. interest-rate increase will spur capital outflows.

Overseas investors were net sellers of South Korean shares for a second week, helping drive the Kospi index to a two-month low as a raft of U.S. data backed the case for tighter monetary policy. Minutes of the Federal Reserve’s most recent meeting stirred speculation policy makers will raise rates as soon as next month, contributing to declines in emerging-market stocks and currencies…

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The headquarters of Credit Suisse in Zurich. CreditArnd Wiegmann/Reuters

The revolving door at Credit Suisse has been turning faster, as a number of senior bankers have left in the last few days.

On Tuesday, five technology bankers, most with decades at Credit Suisse, defected to Jefferies, according to six people briefed on the moves, who spoke on the condition of anonymity. Another consumer banker quit last week to work at Royal Bank of Canada, three of these people said.

Departures have accumulated over the last several weeks. A few more bankers who cover health care resigned this month to join Centerview Partners, while another banker who handles private equity relationships went to Goldman Sachs

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The Triad’s large scale development sector was responsible for delivering as many as 2,465 new rental units last year, with the biggest apartment community going up in Winston-Salem, according to data from Yardi Matrix.

Greensboro, N.C.—As a transport and manufacturing hub, the Triad area is attractive to career professionals, and access to infrastructure such as the airport draws new businesses and their employees to the area. As a result, apartments in the Triad are in demand, and 2015 saw the completion of a number of upmarket apartment complexes that epitomize the latest trends in high-density living.

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The group has ramped up its legal battle against state funding cuts.

 Planned Parenthood President Feldtphotographer: mario tama/getty images

Sixteen states, all but three Republican-controlled, have passed laws cutting funding to the Planned Parenthood Federation of America since last July, when activists released undercover videos purporting to show that clinics were selling tissue obtained from aborted fetuses. As legislation spreads across the U.S., Planned Parenthood is taking states to court, one by one.

On May 11 the nonprofit’s two Ohio affiliates sued the state for revoking more than $1.3 million in funding under a law barring government agencies from contracting with “any entity that performs or promotes nontherapeutic abortions.” The Ohio suit comes on the heels of a case filed in Kansas after that state blocked Medicaid payments to Planned Parenthood…

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The 6,700-square-foot retail property was occupied by the renowned Patricia Field boutique.
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  • Company in talks to buy ‘many, many projects,’ chairman says
  • Land prices at open auctions in some cities ‘absurd,’ Sun says

Sunac China Holdings Ltd., which ranks among China’s most active real estate buyers this year, is in talks to acquire more land from other developers because prices at government auctions have risen to “absurd” levels, Chairman Sun Hongbin said.

“We’re in talks on many, many projects, big and small,” in cities including Beijing and Shanghai, Sun said in an interview in Beijing. “The prices are all fairly reasonable” compared to open auctions where many land parcels have been sold at prices higher than completed homes, he said…

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  • John Mack helped online-loan venture as it sought more funding
  • His former bank, Morgan Stanley, oversees third-biggest stake

John Mack, a crisp, red windbreaker over his business suit, climbed the dais at the New York Stock Exchange to hail the coming revolution.

It was December 2014, and, like Mack, the Big Board’s colonnaded facade wore the signature red of LendingClub Corp., the precocious company determined to upend the status quo on Wall Street…

How Wall Street Led LendingClub Into Crisis

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It was no surprise that for the fourth consecutive year, building of multi-family units outnumbered single family construction in California.  This is part of the renting trend that has gone on for nearly a decade now and builders are merely catching up.  One interesting finding in the data is that for Orange County.  In Orange County one city accounted for nearly half of all new homes, condos, and apartments over the last six years.  That city is Irvine.  What is interesting with Irvine is that parts of the city are being built to cater to a foreign audience.  Certain subsections are seeing 80 percent of properties sold to international buyers; we are talking about new homes that are selling for $1 million or more mostly in all cash offers.  It is an interesting trend.  But what is even more telling is that most of the construction in Irvine was for apartments and condos.  Even in an affluent market the renting revolution is occurring…

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Industry executives remain cautiously optimistic about commercial real estate in 2016.
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  • Median price in April rose 4.1% to $686,000, CoreLogic Says
  • Low supply puts deals out of reach for many would-be buyers

Home prices in the San Francisco Bay area, the epicenter of the U.S. technology boom and housing-affordability crunch, hit an all-time high last month.

The median price paid in the nine-county swath of Northern California was $686,000 in April, up 4.1 percent from a year earlier, CoreLogic Inc. said in a statement Wednesday. The prior peak was $665,000, reached in mid-2007. House and condominium sales in the region — including Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Solano and Sonoma counties — totaled 7,518, down 7.3 percent from April 2015, according to the real estate information company…

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Harry Campbell

Lending Club’s implosion is a tale of two Silicon Valleys. The first story is about yet another Internet unicorn — valued at more than $8 billion at its initial public offering in 2014 — grasping for growth and cutting corners. But the second is about the good that an online lender can do, by disrupting technology and opening new avenues of credit for consumers. As the herd lashes the now-fallen Lending Club, let us not forget this second story.

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U.S. Comptroller of the Currency Thomas Curry warned that credit risk is growing for certain banks with CRE loans in several major markets.
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  • Property listings fall 3.6 percent amid policy uncertainty
  • Turnbull says Labor plan to end tax perks will see price slump

Brigitte Blackman, a real estate agent in inner Sydney, says her property listings have slumped 20 percent from a September peak, and the phones at her Potts Point office are no longer ringing off the hook.

As Australia barrels toward elections on July 2, political uncertainty is weighing on the nation’s A$6.4 trillion ($4.7 trillion) housing market. With tax proposals from the government and opposition muddying the outlook for house prices, sellers are choosing to sit on the sidelines…

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A TALE OF TWO SILICON VALLEYS | Lending Club’s implosion is a tale of an Internet unicorn, valued at more than $8 billion at its initial public offering, grasping for growth and cutting corners. But it is also a tale about the good that an online lender can do,
Steven Davidoff Solomon writes in Deal Professor.

Lending Club hit a wall when it disclosed that it had fired Renaud Laplanche, its founder and chief executive, for having failed to properly address $22 million in loans that were sold under false credentials to the investment bank Jefferies. Lending Club also disclosed that Mr. Laplanche may have secretly invested in a fund that Lending Club had a position in…

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One Oxford Centre commands unprecedented office rent for the Golden Triangle.
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  • Dealership model being used to sell home solar systems
  • Almost a year has lapsed since Hanergy’s shares were suspended

Hanergy Thin Film Power Group Ltd. is developing new products and sales channels as the solar-equipment maker tries to distance itself from a share suspension and investigation by Hong Kong’s stock market regulator that are nearing the 12-month mark.

Almost a year has passed since Hanergy’s Hong Kong-listed shares were suspended on May 20 after about $19 billion was gouged off the company’s market value in one day. The collapse capped a tumultuous ride for Hanergy that made the solar power group a symbol of the froth in Chinese stock markets and turned its chairman, Li Hejun, into a celebrity…

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Wall Street is putting its old Washington ways on ice.

Big banks are infamous for lobbying against financial reform. Lately, though, they have cut back. Now they are pushing Representative Jeb Hensarling, a prominent congressional Republican, to drop a bill to repeal the Dodd-Frank Act.

The latest efforts to upend the 2010 law ought to appeal to the likes of JPMorgan Chase, Bank of America and Goldman Sachs. They have, after all, complained about things as diverse as capital charges, mortgage reform and how watchdogs handle annual stress tests…

Big Banks Back Off From Attacks on Financial Reform

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L’Oreal will vacate its headquarters in Midtown Manhattan after three decades.
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  • Bank regulator seeks documents on business deals with lenders
  • State investigation adds to federal probes into company

New York’s bank regulator is investigating LendingClub Corp. over loans issued to consumers and its relationships with financial institutions, according to a person familiar with the matter, saddling the embattled company with another probe after its chief executive was forced to resign earlier this month.

New York’s Department of Financial Services issued a subpoena Tuesday to LendingClub seeking information about its business model as well as about agreements between the company and banks, including Salt Lake City-based WebBank, said the person, who asked not to be named because the investigation is confidential…

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The revolving door at Credit Suisse has been turning faster, as a number of senior bankers have left in the last few days.

On Tuesday, five technology bankers, most with decades at Credit Suisse, defected to Jefferies, according to six people briefed on the moves, who spoke on the condition of anonymity. Another consumer banker quit last week to work at Royal Bank of Canada, three of these people said.

Departures have accumulated over the last several weeks. A few more bankers who cover health care resigned this month to join Centerview Partners, while another banker who handles private equity relationships went to Goldman Sachs

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The company will be joining a high-profile tenant roster next year in Sterling Bay Co.’s Fulton West development.
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  • Investors alleged JPM ignored red flags about Ponzi scheme
  • Judge rules investors sued too late and didn’t make a case

An investor suit claiming JPMorgan Chase & Co. ignored red flags about Bernard Madoff’s Ponzi scheme and profited from doing business with the con man was dismissed by a federal judge in New York.

The investors waited too long to sue and failed to show that JPMorgan had any control over Madoff’s actions, U.S. District Judge John Koeltl ruled Wednesday…

JPMorgan Investor Suit Tied to Madoff’s Fraud Is Dismissed

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