Commercial Real Estate Finance

Posts Tagged ‘Basel III’

Mensch:

Noun, informal. A decent, upright, mature and responsible person.

Schlemiel:

Noun, slang. An awkward, clumsy, or unlucky person whose endeavors tend to fail; a loser.

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Mensch of the Week:

Robert Rubin

Co-chair, Council on Foreign Relations & Former U.S. Treasury Secretary

Earlier this month, Robert Rubin spoke to CNBC about a comment made by Sandy Weill, his former colleague at Citigroup (NYSE: C). Mr. Weill said, in essence, that it would be wise for the U.S. government to split up financial institutions that are “too big to fail.”

Any matter that involves public and private interaction tends to be complex, not to mention controversial. Though many have railed against the “cozy” relationship between government and commercial entities, the interdependence of these two groups doesn’t always mean one side understands the other. Maybe the economic and regulatory problems highlighted by the Great Recession are just as much a product of this lack of understanding as they are of government/Wall Street cronyism?

Luckily, there are people like Robert Rubin, who have a depth of experience on both sides of the public/private divide. Mr. Rubin spent years as an executive with Goldman Sachs and later Citigroup, but also served as the Treasury Secretary during the Clinton years. Such a resume affords him a unique insight into the complex world of financial regulation. Read the rest of this entry »

Unfortunately, life just isn’t fair sometimes, and not getting exactly what you want can really ruin your day. I know I find myself throwing some pretty embarrassing temper tantrums when things don’t fall in my favor. Well, that’s the way that large banks like JPMorgan Chase (NYSE:JPM) are feeling now that the Federal Reserve and Federal Deposit Insurance Corp (FDIC) officials want these same banks to hold an extra level of capital. Bank executives are saying that holding this extra capital will lessen the amount of loans they can provide to fuel the economy.

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Commercial Real Estate Week in Review For the Week of  February 12th to February 18th

- Strategic Hotels Recapitalizes by Restructuring with Blackstone.

- Greater Gains in REIT Stocks Attracts Investors

- Will the First Yuan Denominated Equity Product be a REIT?

- Banks Are At Risk for Credit Rating Cuts.

- What does the New Housing Market Reform Mean for Multifamily Home Owners?

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Commercial Real Estate Week In Review for the Week of September 25- October 1

- Could Basel III spark consolidation in the banking industry?

- What’s the deal with hybrid debt, and is it a good thing or bad?

- Asset loss for real estate funds have slowed in 2010.

- The FDIC is giving banks 3 months to meet securitization standards.

- The Fed is considering changes in its bond purchase strategy to aid the recovery.
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Commercial Real Estate Week In Review for the week of September 18-24

- Is the Fed considering further stimulus in this sluggish economy?

- The bond market is emerging as a bright spot for Wall Street.

- REIT gains might start faltering if the economy doesn’t improve.

- Trophy office space in Washington D.C. is becoming scarce.

- NBER says the recession officially ended in June, 2009.
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Commercial Real Estate Week In Review for the week of September 11-17

Happy(?) Yom Kippur.  May You Fast Easy.

- Banks will have 8 years to comply with the new Basel III rules….but why so long?

- Why do so many people feel that the Fed purchasing mortgage securities is a mistake?

- Exploring some of the reasons why REITs are both a diversification strategy and an inflation hedge.

- Is AIG finally figuring out how to exit from the massive aid package it received from the government?

- RBS will launch its first MBS deal since the crises began.
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