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Second-ranked Trustco Bank had more local branches (52 to Key’s 35), but its market share was 11.5%, less than half of KeyBank’s.Rounding out the top five deposit holders are Bank of America (14 branches, 10.5% market share), Manufacturers & Traders Trust (14 branches, 8.5%), and Citizens Bank (16 branches) , 5.8%).The numbers are part of a June 30 snapshot of branch deposits compiled annually by the Federal Deposit Insurance Corporation from more than 4,500 insured institutions. Banks must submit branch reports to the FDIC by the end of July, and the FDIC provides the data in a searchable database released…

Commercial real estate investment activity in Los Angeles looked ugly last year, but the horror is rearing its ugly head in 2024. Commercial real estate sales in Los Angeles County are down 18.4% this year compared to the first three quarters of 2023, according to a new market trends analysis by NAI Capital. SEE ALSO: Ares to pay $147 million for Miami-Dade Industrial Park This sharp drop in activity is strange compared to the city of Los Angeles, where sales were down nearly 40% year-over-year and $1.9 billion below 2023 sales at this time last year. A variety of factors…

Some politicians and activists want to give away money for “free.” They call it Universal Basic Income (UBI). That is, give everyone cash with no strings attached. Comedian Dave Chappelle thinks UBI would “help my community almost instantly.” In my new video, UBI activist Conrad Shaw agrees: “It would effectively eliminate extreme poverty immediately.” He said UBI would help people “start businesses, repair their homes and invest in sustainable gardens.” Well, “sustainable gardens” may be nice, but someone still has to create something. And it takes effort, and it’s often difficult work. When I was younger, if I didn’t have…

Turner Impact Capital has launched another multifamily fund with plans to invest in more communities. The company said in a statement that it expects to raise $750 million under Turner Multifamily Impact Fund III. With this capital, the private equity firm will potentially spend more than $2.3 billion in new development and purchasing existing affordable housing communities in areas considered high-demand areas, including metropolitan areas. becomes possible. Already, Fund III has acquired a 336-unit apartment complex in Las Vegas and a 147-unit apartment complex in Minneapolis. In addition, Turner said he is under contract to acquire three more properties. This…

As they have for the past eight quarters, private equity firms continue to demonstrate resilience and adaptability.The Golub Capital Altman Index provides early insight into the financial performance and GDP of publicly traded companies ahead of earnings season.NEW YORK, Oct. 9, 2024–(BUSINESS WIRE)–Private middle-market companies included in the Golub Capital Altman Index reported earnings of % increased. Revenue increased 5% in the same period. .”Companies included in the Golub Capital Altman Index have experienced eight consecutive quarters of strong revenue and profit growth,” said Lawrence E. Golub, CEO of Golub Capital. “The cost discipline and pricing power we have emphasized…

Written by Davide BarbusciaNEW YORK (Reuters) – The U.S. Treasury’s 10-year term premium, a measure of the compensation investors demand for holding long-term government bonds, fell as the resilience of the U.S. economy defied expectations for aggressive interest rate cuts and cuts. It’s back in positive territory this week. Election uncertainty weighed on long-term bonds.Term premiums have been largely subdued for about a decade due to the impact of low interest rates following the 2007-2009 global financial crisis and the COVID-19 pandemic, but have declined in recent years amid long-term fiscal concerns and expectations. It has been gradually rising over…

HILLSBORO, N.D. — To former Fargo City Commissioner Tony Gehrig, North Dakota’s Section 4 property tax reform proposal will eliminate unfair taxation and promote growth in the state. To Tom Eblen, a farmer and Trail County commissioner, this is a “bait-and-switch” scheme that shifts the tax burden elsewhere and places more burden on North Dakotans. Gehrig was part of the panel leading the discussion on Bill 4 in Hillsboro on Tuesday. Eblen was part of the audience who was able to comment and ask questions to the four-person panel (two in favor, two against). If passed in the Nov. 5…

San Mateo County supervisors are asking Gov. Gavin Newsom to declare a state of emergency to stabilize California’s home insurance market, which has seen rising costs and declining availability.In a resolution passed this week, the Board of Supervisors called on the governor to take immediate action in response to the growing challenges families and businesses face in securing property insurance. They are also calling on state Insurance Commissioner Ricardo Lara and the state Legislature to expedite what is typically a lengthy process and quickly implement interim rules to stabilize the insurance market.”Families and businesses in San Mateo County are on…

In less than two years since its launch, US neo-broker Robinhood (NASDAQ:HOOD) has grown its Robinhood retirement product to $10 billion in assets in approximately 1 million funded retirement accounts. announced that it had reached a milestone. Robinhood launched Robinhood Retirement in January 2023 with the goal of making investing for the future easily accessible to everyone. Robinhood introduces the first IRA with matching. We’ve democratized access to retirement by providing a match that doesn’t require a traditional employer. Since then, the company said it has provided more than $200 million to customers in matching retirement account transfers and contributions.…

P10 Co., Ltd.PitchBook recognizes RCP for superior performance in private equity strategiesDALLAS, Oct. 9, 2024 (Globe Newswire) — P10, Inc. (NYSE: PX), a leading private market solutions provider, today announced that its subsidiary RCP Advisors (RCP) will be named to the 2023 PitchBook. announced that it has been approved. Global Manager Performance Score League Tables are annual rankings of asset management funds that help LPs make decisions. RCP’s secondary fund family (RCP SOF I-IV) ranked in the top 10 for secondary programs, and its co-investment program (RCPDirect I-IV) achieved the highest performance score in the co-investment category.“This recognition is a…