Bank of America CEO Brian Moynihan, defending his leadership of the nation’s biggest bank, said he would not resign and would not sell the Merrill Lynch brokerage business to raise capital. “I think we’re doing the right thing,” he told CNBC Tuesday, a day before a conference call with a major investor. “I think the management team is doing the right thing. We continue to drive the business. The franchise continues to perform. We built the capital base and we’ll continue to do that.”
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Gov. Gretchen Whitmer took a big step toward clearing the path for developers to build smaller apartment buildings more affordably. Whitmer signed Michigan’s single-stair legislation into law this week, a green light for developers to build multifamily housing up to six stories more economically, with a single interior exit stairway. Michigan housing advocates say the […]
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Tax attorneys and accountants are about to make bank helping owners of non-primary homes navigate New York City’s pied-à-terre tax notifications, which started landing in mailboxes before the weekend. “If you have a second home in New York City worth more than $5 (million), check your mailbox when you’re back in the five boroughs – […]
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