Key insight: FDIC and OCC proposed CRA rule changes aimed at curbing grant funding for “activist causes.”  What’s at stake: Exams would narrow to focus mainly on lending, dropping deposit services from the retail assessment. Forward look: The proposal is subject to a 60-day comment period once it hits the Federal Register.  WASHINGTON — A […]

Spreading regulatory concern over New York City office-to-residential conversions intensified after two more developments experienced work stoppages due to jobsite issues. Inspectors fully halted work at 222 Broadway in Lower Manhattan after cracked concrete beams on the 32nd floor went unreported to officials for weeks. A partial work stoppage was issued for 750 Third Avenue

The AI boom over the last few years has created a new class of exceedingly wealthy technology innovators, investors and employees. Compounded with a bullish stock market and IPOs like SpaceX sending employees into affluence within days, it comes as no surprise there’s increasing demand for complex, luxury homes.  U.S. luxury home prices have risen