Unhelpful Timing Its unhelpful timing for Barclays, said Ian Gordon , an analyst at Investec Plc (INVP) in London , who has a buy recommendation on the shares. However, there should be no impact on the rights issue next month, he said. Barclays gained 0.6 percent to 285.45 pence in London today. The shares have increased 8.7 percent this year. Morzaria, the executive hired last month from JPMorgan Chase & Co., will join the board on Oct.
City finance commissioner moves to Metropolitan Council on Jewish Poverty
market conditions to generate strong interest in the loan portfolio among a high-quality pool of potential buyers,” said Michael Shields, Managing Director and Head of ING Real Estate Finance Western Europe, UK, USA and Structured Products. “As ING sharpens the focus of its Real Estate Finance business, we will continue to deliver tailored real estate financing solutions in our other Real Estate Finance markets.” “As the number one commercial real estate lender in the U.S., adding high-quality, performing loans to our portfolio is consistent with our business strategy and risk management practices,” said Mark Myers, Head of Commercial Real Estate at Wells Fargo. “Many of our existing customers have loans in this portfolio as well, and we look forward to meeting the needs of those customers while strengthening our Commercial Real Estate business through this acquisition.” Morrison & Foerster LLP served as counsel to ING Real Estate Finance in the transaction, while Dechert LLP served as counsel to Wells Fargo Bank, N.A. About ING Real Estate Finance ING Real Estate Finance is one of the leading commercial real estate financiers with a portfolio of over EUR 28 billion. We provide global coverage to clients from offices throughout Europe and Asia.
ING Real Estate Finance Announces Sale of USD 1.6 Billion of U.S. Commercial Real Estate Loans to Wells Fargo Bank, N.A.
By Reuven Blau / NEW YORK DAILY NEWS Sunday, August 18, 2013, 7:08 PM Watts, Susan/New York Daily News The city finance commissioner David Frankel is slated to replace William Rapfogel. Related Stories Readers sound off on July 4th fireworks, MTA steel and Michael Jackson The city finance commissioner is leaving his post to take over the scandal-scarred Metropolitan Council on Jewish Poverty. At the end of September, David Frankel is slated to replace William Rapfogel, 58, who last week was fired from the nonprofit organization he headed for 21 years amid allegations of financial shenanigans. The Met Council did not immediately reveal what Frankels salary would be. Rapfogel, who made $417,000 a year, was canned after the Mets board found financial irregularities under his tenure.