A Chicago-area real estate developer was sentenced to nearly 13 years in prison and ordered to pay more than $5.9 million in restitution for his role in a conspiracy that embezzled millions of dollars from the failed Washington Federal Bank for Savings in Chicago....
The Philadelphia-based Republic First Bank, which operated as Republic Bank, was closed on Friday night by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. This is the first bank...
Bank failures could begin to percolate across the U.S. due the ongoing tumult in the commercial real estate sector, according to finance experts at Florida Atlantic University (FAU). Dr. Rebel A. Cole, the Lynn Eminent Scholar Chaired Professor of Finance in FAU’s...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
