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Israel’s Harel, Canada’s Manulife to invest in U.S. real estate
TEL AVIV (Reuters) – Israel’s Harel Insurance Investments and Financial Services <HARL.TA> said on Wednesday it would invest up to $1.2 billion together with Canada’s Manulife Investment Management in U.S. real estate. Manulife Investment Management is the investment arm of Toronto-based Manulife Financial Corp <MFC.TO>. Harel said the two firms will invest in offices, industrial […]
Piraeus to securitize 7 billion euros of non-performing exposures in 2020
ATHENS (Reuters) – Piraeus Bank <BOPr.AT>, Greece’s largest lender by assets, said on Monday it plans to securitize roughly 7 billion euros ($7.74 billion) of non-performing exposures (NPEs) in 2020. Greek banks have been working to reduce more than 70 billion euros ($77.32 billion) in soured loans, the legacy of a financial crisis that shrank […]
Biden Won’t Veto Republican-Led Measure Blocking D.C. Criminal Code
WASHINGTON — President Biden told Senate Democrats on Thursday that he would not stand in the way of a Republican-led proposal to block a new criminal code for the District of Columbia, according to senators who attended a private luncheon with him in the Capitol. With a floor showdown expected next week, Mr. Biden told […]