New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase.
Sectors
US Sanctions Russian Businessman, 3 Companies Involved in Scheme to Evade Sanctions Tied to Russia's Metals Tycoon
The US has imposed sanctions against a Russian businessman, and three companies based in Russia allegedly used in a scheme to evade US sanctions connected to Russian tycoon Oleg Deripaska.
Samsung Plans to Limit Launch of Galaxy Z Fold 6 to Single Model
Samsung is rumored to limit its offering for its Galaxy Z Fold 6 for the summer version of Galaxy Unpacked this year.
Walmart’s Dominance in US Retail Industry at Odds Following Announcement of Workers’ Layoffs, Relocations
Walmart's position as America's top retailer is in jeopardy following the announcement of significant layoffs and the mandate for remote employees to return to the office, signaling potential internal struggles and increased competition.
Donald Trump's Boeing 757 Hits Another Corporate Jet After Landing at Florida Airport
Former President Donald Trump's Boeing 757 plane reportedly hit a parked corporate jet at West Palm Beach International Airport in Florida.
Latest News
An Ohio bar has stirred outrage after prohibiting persons under 30 on weekends following a brawl in the establishment.
US small business confidence improved in April, but inflation remains a top concern for owners, according to a new survey.
Global climate database thinktank InfluenceMap has ranked Toyota dead last in climate lobbying and third-worst in EV production in its 2024 report.
Some TikTok creators take action as they argue that the Biden administration's TikTok ban violates the First Amendment.
While Walmart is laying off employees in the US, its Philippine supplier is doing the opposite, starting to hire thousands of factory workers.
US-sanctioned terrorist groups allegedly use Dubai properties. Here's what C4ADS's new report revealed.
Tesco CEO Ken Murphy's pay jumps to £10M, doubling from last year due to stellar company performance.
Biden imposes extensive tariffs on Chinese imports, including semiconductors and EVs, escalating trade tensions. China vows to defend its interests and urges correction.
President Biden has announced massive tariff increases on Chinese-made electric cars, solar panels, steel, and other goods to counter unfair trade practices and protect American jobs. Electric vehicle tariffs will rise from 25% to 100%, and solar cell tariffs will increase from 25% to 50%.
