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Cellnex Names A New Non-executive Chair While It Seeks A Ceo, Telecom News, Et Telecom

The management change follows a recent proposal to remove its chairman and two other board members, a move requested by Christopher Hohn, who runs the hedge fund TCI Fund that had become Cellnex's largest shareholder with a 9% stake, including 5.9% in derivatives.
Read by 53% of LPs 1 hour, 33 minutes ago

Failed Silicon Valley Bank Acquired By First Citizens Bank | Holland & Hart Llp

Today, First Citizens Bank & Trust Company (First Citizens Bank) is taking over the business of the tech-focused Silicon Valley Bank (SVB) which was closed by regulators approximately two weeks ago on March 10. The transaction represents a milestone moment for the banking crisis that shook global markets and triggered a collapse in confidence in the financial community......By: Holland & Hart LLP.
Read by 78% of LPs 2 hours, 3 minutes ago

Partnerships And Improved Data May Bolster U.s. Weather Predictions

Weather experts at a Congressional hearing for the reauthorization of the Weather Act noted that collaborating to collect more data and improve its assimilation will help improve weather predictions.
Read by 34% of LPs 2 hours, 3 minutes ago

11 Must Reads For Real Estate Investors On March 29, 2023

Current troubles in the commercial real estate market should not be compared to the Great Financial Crisis, an analyst told CNBC. Fundraising dropped for non-traded REITs in February, reports The DI Wire. These are among today's must reads from around the commercial real estate industry.
Read by 69% of LPs 2 hours, 33 minutes ago

Bh3 Management Expands Into New Business - Commercial Property Executive

The vertically integrated real estate investment manager, operator and developer has entered the growth private equity sector. The post BH3 Management Expands Into New Business appeared first on Commercial Property Executive.
Read by 78% of LPs 3 hours, 3 minutes ago

N.j. Multifamily Office Gets Equity Investment To Pursue National Branding

A New Jersey wealth management firm with aspirations of becoming "the national brand for the ultra-high net worth and the RIA space" recently received a big shot in the arm in the form of capital investment. Englewood, N.J.-based multi-family office Pathstone announced earlier this month a new strategic equity investment from Kelso & Company (Kelso) and Lovell Minnick Partners (LMP) that will be used to fuel its ongoing growth. "We're going to continue to grow vertically and horizontally," said Pathstone CEO Matt Fleissig.
Read by 30% of LPs 3 hours, 33 minutes ago

Silicon Valley Bank Failed Due To Mismanagement: Regulators; First Republic No Longer For Sale | Investor's Business Daily

Lawmakers grilled U.S. financial regulators Tuesday on the Silicon Valley Bank and Signature Bank failures during a Senate hearing. The post SVB Failure Due To Mismanagement, Regulators Say; First Republic No Longer For Sale appeared first on Investor's Business Daily.
Read by 35% of LPs 4 hours, 2 minutes ago

First Citizens Bancshares Still Has Room To Run After 50% Gain (nasdaq:fcnca)

First Citizens BancShares, Inc. (NASDAQ:FCNCA, OTCPK:FCNCB) bought part of Silicon Valley Bank of SVB Financial Group (OTC:SIVBQ) from the FDIC. They got a $16.5B discount along with several other sweeteners from the FDIC. This $16.5B is free equity for FCNCA. An eye-popping amount, considering that FCNCA only had $8.8B in common equity before the deal. In addition to this free equity, First Citizens BancShares, Inc. received several other benefits. A 5-year, $35B loan at a 3.5% coupon. 5-year treasuries currently yield ~3.5%, so borrowing at this rate is a coup.
Read by 68% of LPs 4 hours, 2 minutes ago

Closing Prices For Crude Oil, Gold And Other Commodities

Benchmark U.S. crude oil for May delivery rose 39 cents to $73.20 a barrel Tuesday. : Benchmark U.S. crude oil for May delivery rose 39 cents to $73.20 a barrel Tuesday. Brent crude for May delivery rose 53 cents to $78.65 a barrel. Wholesale gasoline for April delivery rose 3 cents to $2.71 a gallon. April heating oil was unchanged at $2.77 a gallon. April natural gas fell 6 cents to $2.03 per 1,000 cubic feet. Gold for April delivery rose $19.70 to $1,973.50 an ounce.
Read by 49% of LPs 4 hours, 3 minutes ago

Bellway P.l.c. (blwyf) Q2 2023 Earnings Call Transcript

Well, good morning. Thank you for joining us. A reasonable or a better turnout than we'd hoped. So thank you, and welcome to Bellway's Half Year Results. As always, I'm sure there will be keen interest in current trading and outlook. But first, I'll draw your attention to a few key highlights. Housing completions were slightly ahead of last year with a new record volume of just under 5,700 homes. And notwithstanding current inflationary pressures, underlying PBT was down by less than 5% at PS312 million. Interim dividend is maintained at 45p per share.
Read by 57% of LPs 4 hours, 3 minutes ago

Climate Change: Outdoorspeople Help Lawmakers Bridge Divides

Climate action can be politically divisive. But a love for nature is bringing people together - even in Washington. : Where does lasting progress come from? If you ask social reformers and politicians today, many would say that only "sweeping change" and "bold action" can solve the problems confronting the United States - from government gridlock to racial injustice to surging immigration. The concept of slow change may not sound appealing in the face of such challenges.
Read by 47% of LPs