Axos Financial shares fall after Hindenburg takes short position
Hindenburg, a forensic financial research firm, said the bank was exposed to the riskiest asset classes, and had increased its total exposure to the deteriorating commercial real estate market, while its peers backed away from the sector.
Shares of the bank, whose borrowers include former U.S. President Donald Trump, are down about 11% so far this year. The two 10-year mortgages enabled Trump to finance Trump Tower in New York and the Trump National Doral golf course in Miami, the filing showed. They were issued in 2022 at 4.25% and 4.9%, respectively.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market crash indicator with spotty track record 'Hindenburg Omen' triggered last weekThe bearish signal has fired up at a time when investors are concerned poor market breadth could spell weakness for stocks that are at all-time highs.
Read more »
Why FinTech is set to dominate the financial industry?The financial industry stands on the brink of a transformative era driven by Financial Technology (FinTech).
Read more »
Today in History: May 6, the Hindenburg crashes in flames in New Jersey, killing 36A historical look back at the AP archives for May 6.
Read more »
Financial aid for California students takes a hit in Gavin Newsom’s new budget proposalCalifornia financial aid proposals include not expanding the Cal Grant program and reducing funds for the Middle Class Scholarship.
Read more »
Trump reaps post-verdict financial windfallBen Kamisar is a national political reporter for NBC News.
Read more »
Finding financial help after a disasterWhen storms hit, the bills can start stacking up. From making necessary repairs to juggling monthly loan payments, it gets complicated.
Read more »