JPMorgan $2 billion loss hits shares, credit, image

NEW YORK/LONDON (Reuters) – JPMorgan Chase & Co lost $ 15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $ 2 billion trading loss by demanding stiffer oversight for the banking industr
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Apartment Industry Enjoys Strong Recovery in U.S., Still Limited by Credit Constraints

During a press conference held last week at the National Association of Home Builders (NAHB) International Builders’ Show (IBS) in Orlando, Florida, panelists stated the apartment sector is a bright spot in the overall housing market leading the industry’s path to recovery
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Credit Suisse Closes on MillerCoors HQ for $91M

Credit Suisse Asset Management, a unit of Credit Suisse Group A.G., finalized its acquisition of 250 S. Wacker Drive in Chicago, IL, for approximately $ 91 million or $ 370 per square foot. Boston-based AEW Capital Management LP previously owned the downtown office building. The 16-st
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S&P Credit Rating Downgrade’s Impact on Commercial Real Estate

While S&P’s debt rating downgrade for the U.S. may not have come as a total surprise to investors, it’s important to understand the specific rationale the ratings firm cited for the downgrade, and perhaps more importantly, to understand what was not part of the reason for t
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