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CRE risk management: Navigating hazards and opportunities

Abrigo

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. Bankers should examine warning signs and shore up defenses for existing income-producing CRE loans as part of commercial property loan risk management.

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Hilton Hotel In Times Square To Close

PYMNTS

In a filing with New York’s State Department of Labor Monday (Aug. 31) the managing director of the 44-story landmark said it will close permanently next month and 200 jobs will be lost. In a typical year, New York City sees more than 65 million visitors. The $77 million mortgage is due in November.

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Facebook Is Looking To Buy A Cybersecurity Company

PYMNTS

Facebook is reportedly gearing up to acquire a cybersecurity company in an effort to assure users that security is a top priority of the social media company. CNET , citing a report from The Information, reported Facebook has reached out to several security companies that could be takeover targets.

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Ex eBay Execs Admit To Cyberstalking Plot

PYMNTS

Two others who were charged but have denied any wrongdoing include James Baugh, 45, of San Jose, eBay’s former senior director of safety and security; and David Harville, 48, of New York City, eBay’s former director of global resiliency.

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Some Big Facebook Investors Call For Zuckerberg’s Ouster

PYMNTS

According to CNBC , New York City Comptroller Scott Stringer said Facebook’s board needs to make a real commitment to addressing the risks. Stringer is adding his name to a previous proposal put forth by Trillium Asset Management in which the investor called on Zuckerberg to step down.

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Former eBay Employees Charged In Cyberstalking

PYMNTS

The release states that former eBay employees arrested on Monday (June 15) included James Baugh, 45, of San Jose, California former senior director of safety and security, and David Harville, 48, of New York City, former director of global resiliency.

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Lull Hits B2B FinTech Venture Capital Funding

PYMNTS

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. In the meantime, PYMNTS gathered up a shortlist of the B2B FinTechs that were able to secure new funding as backers prepare for their next wave of support. and hoping to expand into Europe. At the same time, the U.S.

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