Trimming layers of managers will help, but the global bank faces headwinds ranging from interest rates to new capital rules.

SFR Investors Test Build-To-Rent Waters As Well Of For-Sale Homes Dries Up
Single-family rental investors are increasingly exploring the build-to-rent sector as the housing shortage and elevated mortgage rates hinder their ability to purchase existing homes. Amidst the difficulty of accumulating inventory, investors are seeking to create new homes, with companies like American Homes 4 Rent and Pretium Partners making significant investments in constructing and operating new rental homes. The shift to BTR is also influenced by rising mortgage rates and a competitive purchase market, which have altered profit targets and reduced investors’ buying power. Read more

Supreme Court Declines To Hear…

After flirting with $100 a barrel this summer, crude prices had fallen significantly in the past week on the expectation that demand was waning.

Meanwhile in Seattle, a loan servicer says Unico has indicated it’s willing to hand over the keys to the Colman Building in Pioneer Square.

Residents of East Anglia fear that planned power lines for offshore wind projects will blight their rural idyll.

Michel Combes served on F5’s board for almost three years before leaving in 2021.

The South Asian nation’s market has been a quiet outperformer for a decade. Now foreign investors are starting to pay attention.

The activist’s Trian Fund Management has accumulated stake worth more than $2.5 billion to become one of the entertainment giant’s top holders.

The deal expands the pharmaceutical company’s portfolio of cancer drugs.

There may be wiggle room on everything from mortgage rates to closing costs.