Another big insider trading trial kicks off, a Morgan Stanley analyst cut Facebook projections ahead of Friday’s IPO and the day’s dose on JPMorgan trading losses. And still more in today’s Wall Street roundup.
What’s Good for the Gupta: The trial of former McKinsey & Co. chief executive Rajat Gupta opened yesterday, and Read More
The main $3 billion mortgage for Stuyvesant Town and Peter Cooper Village has been transferred to a “special servicer,” according to the rating agency Fitch, a significant step taken when loans are in default or on the verge of default.
The owners of the giant 11,200-unit Manhattan apartment complex, a partnership led by Read More
After crippling court decision, Fitch downgrades Stuy Town loans; values at $1.8 B. Read More
Jerry and Rob Speyer’s record-setting $5.4 billion purchase of Stuyvesant Town and Cooper Village has become a money vacuum, as the high cost of debt service and relatively low rent income is expected to eat away a remaining $127.7 million in cash reserves in about six months.
The new figures come from Fitch Ratings, Read More