Wells Fargo, JPMorgan Chase and Citigroup each recorded a rise in second quarter profits in their consumer divisions (Credit: iStock) Spurred by low interest rates, consumers are taking out more mortgages, bolstering the profits of banks’ consumer divisions. But forecasted cuts by the Federal Reserve have Wall Street trading down. Wells Fargo, JPMorgan Chase and […]
Guggenheim and Singapore fund make move to buy Eastdil: report
Eastdil Secured CEO Roy March and Guggenheim president Jerry Miller (Credit: Miller via Guggenheim and March by Marc Scrivo) A partnership between Guggenheim Investments and Singapore sovereign-wealth fund Temasek Holdings is in advanced talks to buy Eastdil Secured from Wells Fargo, according to the Wall Street Journal. As part of the deal, Eastdil CEO Roy […]