Key insight: Pinnacle took a little over five months to close its merger with Synovus. The combined bank, which is focused on the Southeast, has $117 billion of assets. Why it matters: The transaction is the latest test case for mergers of equals, which have lost favor with investors because some such deals have underformed. […]
Pinnacle emerges as $117B bank after completing Synovus deal Read More »
The Treasury market in 2025 had its best year since 2020 as US trade policy shifts curtailed economic activity and the Federal Reserve cut interest rates in response to weakening labor-market conditions. Processing Content At the same time, Treasury yields remained confined to ranges in place roughly since the end of the Fed’s historic 2022-2023
Treasuries gain most since 2020 amid tariff chaos, Fed rate cuts Read More »
Zohran Mamdani promised to lead New York City as a democratic socialist during a frigid inauguration ceremony on the steps of City Hall, a warning to those who believed he might moderate his positions after taking office. Processing Content The nearly two-hour long event Thursday featured speeches by two of the US’s most liberal members
Mamdani digs in on progressive agenda at NYC mayor inauguration Read More »
“The Court accepts as true all of the well-pleaded facts in the Complaint and draws all reasonable inferences in favor of Plaintiffs.” So said U.S. District Judge Franklin Valderrama on 12.4.2025. According to Reuters: “A group of companies that lease land for mobile homes has convinced a federal judge in Chicago to dismiss a proposed
Manually updating spreadsheets. Dealing with paper jams in the printer. Remember what office life was like in 2005? If you’re feeling nostalgic, you can find many of the same practices still in place in the investor’s reporting offices of loan servicers today. But why haven’t these offices evolved with changing technology? It’s partly cultural, but
The spreadsheet trap: Why investor reporting still operates like it’s 2005 Read More »
Momentum is quietly building in the housing market. New data from NerdWallet shows more Americans are starting to think about buying a home again. Last year, 15% of respondents said they planned to buy a home in the next 12 months. This year, that number rose to 17%. That 2% increase might not sound like
More Buyers Are Planning To Move in 2026. Here’s How To Get Ready. Read More »
A federal judge on Tuesday ruled against the Trump administration as it seeks to shut down the Consumer Financial Protection Bureau (CFPB) by refusing to fund it. The judge ordered the administration to continue to seek funding for the bureau, which was created by Congress but is funded through the Federal Reserve. The Trump administration
Federal judge orders Trump administration to seek money for CFPB Read More »
Although Freddie Mac’s weekly mortgage rate survey (released today) suggested the lowest rates since October 2024, our daily numbers offer a bit more nuance. To be sure, October 28th and September 16th both saw distinctly lower rates this year. Today’s rates are right in line with yesterday’s as well as last Friday’s. In other words,
Mortgage Rates Staying Steady to Close Out 2025 Read More »