Regional lender Bank OZK plunges as Citi turns bearish over loan concerns
Regional lender Bank OZK’s (OZK.O), opens new tab shares fell to their lowest in over six months on Wednesday after analysts at Citigroup double downgraded the stock, citing “substantial concern” over two individual loans tied to the commercial real estate sector. The brokerage expressed worries that the bank’s loans for a life science construction lending project in […]
Blackstone makes $1.7 billion bid for Japan e-comics platform Infocom
Blackstone launched a 275.8 billion yen ($1.74 billion) bid to take Japanese digital comic distributor Infocom private, including a tender offer for a per-share price of 6,060 yen, Infocom said on Tuesday. The tender offer will amount to 141.4 billion yen, Infocom said. The company’s current parent Teijin separately said it will sell all of […]
Home equity is near a record high. Tapping it may be tricky due to high interest rates
Home equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial advisors. Total home equity for U.S. mortgage holders rose to more than $17 trillion in the first quarter of 2024, just shy of the record set in the third quarter of 2023, according to new data from CoreLogic. […]