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Federal Deposit Insurance Corporation Chairman Martin Gruenberg speaks at a Senate Banking Committee hearing. Alison Robert/Bloomberg The Federal Deposit Insurance Corporation has extended the comment period on a proposed brokered deposit limit that could force banks to reclassify large amounts of deposits. The move comes after financial industry groups last month asked the FDIC to give them an additional 60 days to comment, saying the proposal could increase regulatory costs and disrupt existing business relationships. This was in response to the incident. Banks said the proposal would result in increased costs that would be passed on to customers and hurt…

Miami’s vibrant urban development, thriving tourism, and business-friendly environment make it the perfect place to study real estate. The city’s constant evolution with new developments in commercial, retail, and healthcare real estate provides ample opportunities for undergraduate and graduate students at Miami Patty College and Allan Herbert School of Business to witness industry trends first-hand. Through hands-on learning experiences, students are well-prepared for success in commercial real estate. Miami Herbert’s undergraduate real estate program was recently ranked #12 in U.S. News & World Report’s 2025 Best Colleges rankings. This evaluation highlights the program’s strengths, which are rooted in a blend…

(Bloomberg) — Democratic U.S. Rep. Colin Allred has a fundraising advantage over his Republican rival, Ted Cruz, as the race for Cruz’s Texas Senate seat heats up. The former National Football League linebacker has collected $30.3 million in the past three months, while Cruz has collected $21 million in the same period, his campaign announced this week. Mr. Cruz said he had $16.2 million in cash on hand for the final four weeks of the campaign, but Allred’s campaign did not release the figure ahead of a filing deadline later this month. For the reporting period that ended June 30,…

True Food Kitchen opened a new concept, True Food Market, in Scottsdale, Ariz., on Monday for carry-out customers. “True Food Market brings you the best of True Food Kitchen, with an emphasis on real food for real life,” says the best of True Food Kitchen and True Food Market. CEO John Williams said in a statement. “We know it’s not always easy to find healthy meals on the go. We’re committed to making eating real food easy and helping people eat healthy meals every day, no matter how busy they are. We created True Food Market to help you have…

One-stop “target-date” funds are attractive to investors who want to own a mix of stocks and bonds that fit their investment goals without having to buy large amounts of different assets. These take out a lot of the guesswork for those just starting out, work well as core holdings, and allow savers to add more daring or personally appealing positions to the mix. But some retail investors, put off by the fees, are avoiding target-date assets and building their own versions instead.So let’s see how to do it and weigh whether it’s worth the effort.First, what exactly are these investments?Target…

The City of Chicago plans to issue $1.5 billion in general obligation (GO) and sales tax securitization corporation (STSC) bonds to refinance existing debt, aiming to save $110 million based on current market conditions . Refinancing replaces old bonds with new ones. By exchanging bonds with an average interest rate of 5.62% for bonds with an interest rate of approximately 3.75%, bonds with lower interest rates are being issued, contributing to the reduction of the city’s bond costs. The ordinance strictly limits bond issuance to cost-saving refinancing purposes. Other uses require City Council approval to ensure responsible debt management practices.…

SHEPTON – A solar power project in the valley was close to becoming a reality, but the plan has stalled after town supervisors said it was too close to the property line. Property owners claim it is more than 400 meters away. New Leaf Energy is proposing a solar farm planned for the Austra property at 129 Phineyville Road. The problem facing the 33-acre solar farm is setback requirements. East Union Township requires solar farms to be set back 100 yards from property lines. Nathan C. Favreau, the town’s attorney, said the plan uses a 35-yard setback instead. However, that…

Eric Bublitz, director of excess and surplus at AmTrust, discusses the latest developments in E&S, real estate, and talent shortages. In September, on the eve of the annual WSIA conference, Risk & Insurance® spoke with Erich Bublitz, director of excess and surplus at AmTrust Financial Services. Risk and Insurance: Great to talk to you again, Eric. What do you expect to happen in the future in terms of E&S market forecasts? Erich Bublitz: Business is obviously flowing into the E&S market at a very good rate. It has outpaced the standard market growth in recent years. I don’t see anything…

The House of Representatives is taking a major step toward repealing windfall reduction provisions and government pension offset provisions. While it will take Senate intervention to finally bring a knife to the heart of WEP/GPO, Congressional support may come at just the right time. The number of Civil Service Retirement System (CSRS) retirees and survivors affected by the repeal is reaching its peak, according to data collected by Federal News Network. As of fiscal year 2022, the number of active employees under the CSRS was 44,000, according to the most recent data available from the Office of Personnel Management. The…

In today’s economic climate, investing in gold has the potential for great returns. Getty Images Gold has long been a popular investment, but increasing economic pressures have increased interest in the precious metal in recent years. As inflation remained high in 2022-2023, many investors sought safer assets to protect their wealth, and gold stood out for its ability to hedge against inflation. This increase in demand was further fueled by concerns about rising interest rates and persistent geopolitical tensions, leading investors to view gold as a stable and reliable option. However, as the end of 2024 approaches, the economic landscape…