Businesses
Here's a look at documents from U.S. and international businesses
Featured Stories
Syz Group Adopts Bloomberg Enterprise Solutions to Deliver Institutional-Grade Portfolio Intelligence in Private Banking
NEW YORK, May 20 -- Bloomberg issued the following news on May 19, 2026:
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Syz Group Adopts Bloomberg Enterprise Solutions to Deliver Institutional-Grade Portfolio Intelligence in Private Banking
Bloomberg PORT Enterprise supports scalable, multi-asset analytics and client transparency across Syz Group's discretionary and private banking business
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Geneva and London - Bloomberg today announced that Syz Group, a Geneva-headquartered banking group with approximately CHF 28bln in assets under management across private banking, asset management and alternative assets, has adopted Bloomberg
... Show Full Article
NEW YORK, May 20 -- Bloomberg issued the following news on May 19, 2026:
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Syz Group Adopts Bloomberg Enterprise Solutions to Deliver Institutional-Grade Portfolio Intelligence in Private Banking
Bloomberg PORT Enterprise supports scalable, multi-asset analytics and client transparency across Syz Group's discretionary and private banking business
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Geneva and London - Bloomberg today announced that Syz Group, a Geneva-headquartered banking group with approximately CHF 28bln in assets under management across private banking, asset management and alternative assets, has adopted BloombergPORT Enterprise to further strengthen its portfolio analytics and client reporting capabilities.
Syz Bank's adoption of Bloomberg PORT Enterprise reflects a continued investment in technology and client experience as customer expectations for transparency and customization continue to grow.
"Delivering transparent, data-driven insights to our clients is central to our value proposition," said Gianluca Oderda, Head of Discretionary Portfolio Management, Syz Bank. "Bloomberg PORT Enterprise enables us to standardize portfolio intelligence across both advisory and discretionary mandates, streamline reporting processes, and strengthen engagement through data-driven client conversations, while serving UHNW clientele more effectively and delivering institutional-grade insights."
Bloomberg's PORT Enterprise supports Syz Bank in elevating client engagement through consistent performance transparency and high-quality reporting within a wealth management framework. By consolidating portfolio analytics within an integrated investment environment, the firm benefits from scalable, data-driven insights while enhancing the personalized, high-touch service their clients value.
"We are proud to deepen our relationship with Syz Group," said Jose Ribas, Global Head of Buy Side Solutions at Bloomberg. "By combining institutional-grade portfolio analytics with workflows tailored to private banking, Bloomberg enables Syz to deliver scalable, data-driven insights while maintaining the high-touch service their clients expect."
Bloomberg's Buy-Side Solutions deliver multi-asset capabilities across the full investment lifecycle. With a modular and flexible approach, Bloomberg's Buy-Side Solutions offer research management, order and execution management, portfolio and risk analytics, trade compliance and operations capabilities. Integrated with the Bloomberg Terminal service, these solutions provide consistency and quality that enable accurate and transparent decision making, informed investment analysis, and scalable workflows across the enterprise. For more information, click here.
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About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.
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About Syz Group
Celebrating its 30th anniversary in 2026, Syz Group is a family-owned and run Swiss banking group that combines Swiss banking stability, boutique agility and pioneering investments to empower clients' wealth. With a focus on wealth and asset management, the Group offers personalised services and investment opportunities through three entities: Syz Bank, Syz Capital and Syz Asset Management. Syz Bank offers private clients and external asset managers a genuine alternative to traditional Swiss private banking. Syz Capital provides clients access to a wide range of alternative asset classes, including private equity, hedge funds and legal assets, and enables them to invest alongside the founding family. Syz Asset Management assists Swiss institutional investors in investing in bonds and money market instruments. Headquartered in Geneva, the Group operates in Zurich, Pfaffikon, Lugano, Locarno, Istanbul and Johannesburg.
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Original text here: https://www.bloomberg.com/company/press/syz-group-adopts-bloomberg-enterprise-solutions-to-deliver-institutional-grade-portfolio-intelligence-in-private-banking/
[Category: BizMedia]
Marcus & Millichap Brokers North Dallas Multifamily Asset Sale
ENCINO, California, May 20 -- Marcus and Millichap issued the following news release:
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Marcus & Millichap Brokers North Dallas Multifamily Asset Sale
DALLAS - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Infinity on the Point, a 249-unit multifamily property in Dallas, Texas.
"The sale is one of the first transactions approved by a Housing Finance Corporation (HFC) in the Dallas-Fort Worth region involving a change of ownership to a new ownership structure
... Show Full Article
ENCINO, California, May 20 -- Marcus and Millichap issued the following news release:
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Marcus & Millichap Brokers North Dallas Multifamily Asset Sale
DALLAS - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Infinity on the Point, a 249-unit multifamily property in Dallas, Texas.
"The sale is one of the first transactions approved by a Housing Finance Corporation (HFC) in the Dallas-Fort Worth region involving a change of ownership to a new ownership structurecombined with a high-leverage loan assumption," said Wes Racht, managing director investments in Marcus & Millichap's Dallas office. "The complexity of navigating unforeseen deal points that fell outside the original purchase and sale agreement required seamless coordination and counsel from the lender, buyer, seller, and the HFC. The collaborative approach from all parties ensured a cohesive closing." Racht, Nick Fluellen, and Bard Hoover of Marcus & Millichap, in conjunction with Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware, and William Hubbard with Marcus & Millichap's Institutional Property Advisors (IPA) division, represented the seller, a California-based investment company, and procured the buyer, Reap Capital, led by David Lilley. "Acquiring a 2017 vintage, infill Dallas asset at a going in 5.8% cap at stabilized occupancy is rare in this market," said Lilley. "The combination of an attractive basis and near-term lease-up upside positions Infinity on the Point as a cornerstone addition to our North Texas portfolio, and we're grateful to all parties for their collaboration in closing a complex transaction."
Located near the intersection of Interstate 635 and U.S. Route 75, the property has a private pedestrian bridge that connects to Dallas Area Rapid Transit's LBJ/Central station.
There are more than 120,000 jobs within a three-mile radius with employers such as Texas Instruments, Medical City Dallas, and Texas Health Presbyterian Hospital, and at employment centers including the Telecom Corridor, CityLine, and Galleria Dallas.
Built in 2017, Infinity on the Point is a three-story garden-style asset with a resort-style swimming pool, sundeck, grilling stations, dog park, clubhouse, fitness center, package lockers, and covered parking. Apartments have 10-to-12-foot ceilings, washers and dryers, granite countertops, and stainless-steel appliances.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
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Original text here: https://www.marcusmillichap.com/news-events/press/2026/05/marcus-millichap-brokers-north-dallas-multifamily-asset-sale
[Category: BizRealEstate]
Hughes Hubbard and Reed Issues Commentary: SEC Proposes Semiannual Reporting Alternative to Quarterly Reporting for Domestic Public Companies
NEW YORK, May 20 -- Hughes Hubbard and Reed, a law firm, issued the following commentary on May 19, 2026, by partner Gary J. Simon, counsel Jennifer E. Graham and associate Anthony Kasper:
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SEC Proposes Semiannual Reporting Alternative to Quarterly Reporting for Domestic Public Companies
Highlights
* The SEC's Proposed Amendments would allow domestic public companies to file semiannual reports instead of quarterly reports.
* The SEC has framed the Proposed Amendments as an effort to provide companies greater flexibility in conducting their interim reporting.
* The reduction in reporting
... Show Full Article
NEW YORK, May 20 -- Hughes Hubbard and Reed, a law firm, issued the following commentary on May 19, 2026, by partner Gary J. Simon, counsel Jennifer E. Graham and associate Anthony Kasper:
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SEC Proposes Semiannual Reporting Alternative to Quarterly Reporting for Domestic Public Companies
Highlights
* The SEC's Proposed Amendments would allow domestic public companies to file semiannual reports instead of quarterly reports.
* The SEC has framed the Proposed Amendments as an effort to provide companies greater flexibility in conducting their interim reporting.
* The reduction in reportingcould decrease market transparency and delay public dissemination of material information.
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On May 5, the Securities and Exchange Commission proposed rule and form amendments/1 (Proposed Amendments) that would significantly change reporting requirements under federal securities laws, allowing domestic public companies to file semiannual reports instead of quarterly reports./2
Public companies have been required to file quarterly reports since the SEC amended Rules 13a-13 and 15d-13 of the Securities Exchange Act of 1934 in 1970. The 1970 amendments supplanted then-standard semiannual reporting on Form 9-K with quarterly reporting on Form 10-Q. The Proposed Amendments would replace the quarterly reporting requirement and would give public companies the option of electing to file either semiannually or quarterly.
Election Mechanics and Frequency of Reporting
Under the Proposed Amendments, public companies each year would have the option of electing one of two reporting frameworks. Under the semiannual reporting framework, they would file two reports each year -- an annual report on Form 10-K and a semiannual report on Form 10-S. Under the quarterly reporting framework, they would, consistent with current practice, continue filing four reports each year -- an annual report on Form 10-K and three quarterly reports on Form 10-Q.
Any public company looking to follow the semiannual reporting framework would have to check a box on the cover page of its Form 10-K when filing its annual report. Failure to do so would force the company to continue filing under the quarterly reporting framework for another year, as the Proposed Amendments would not permit companies to change their reporting requirements midyear.
For most companies, this effectively means that the first opportunity to switch to the new semiannual reporting framework would be in early 2027, when most companies file their Form 10-K.
Timing
The filing deadlines for Form 10-S would generally mirror those for the current Form 10-Q. Large accelerated filers (as defined in 17 CFR Sec. 240.12b-2) would have to file within 40 days after the end of the semiannual period, whereas most other filers would have to file within 45 days thereof.
Requirements Under Form 10-S
Form 10-S would require many of the same financial and narrative disclosures as required under Form 10-Q, such as Risk Factor updates and Management's Discussion and Analysis of Financial Condition and Results of Operations. Both Form 10-S and Form 10-Q would require the same internal control over financial reporting disclosure and certifications under the Sarbanes-Oxley Act of 2002, with the controls applying to six-month rather than three-month periods.
Should the Proposed Amendments move forward, the SEC intends to amend Regulation S-X to update the requirements concerning the age of financial statements, so a company opting to file semiannually would not see its financial statements deemed stale, which could impair its ability to timely raise capital.
Eligibility
The Proposed Amendments would cover only domestic issuers. Foreign private issuers would continue to report interim financial information as currently required.
Policy Rationale and Competing Viewpoints
The SEC has framed the Proposed Amendments as an effort to provide companies greater flexibility in conducting their interim reporting, which proponents believe will reduce the cost and burden relating to corporate management. Those in favor of the Proposed Amendments argue that the negative impacts of the quarterly reporting are particularly burdensome for smaller public companies. The chair of the SEC, Paul Atkins, stated that the SEC's existing rules are too rigid and that they have "prevented companies and their investors from determining for themselves the interim reporting frequency that best serves their business needs and their investors."/3
Opponents of the Proposed Amendments caution that the reduction in reporting would decrease market transparency and delay public dissemination of material information on which investors rely when making investment decisions. Those critical of the Proposed Amendments worry that the amendments could exacerbate information asymmetry by giving a greater edge to investors better able to access information from alternative channels that provide indirect insight into a filing company's financial status. /4
Other concerns regarding the Proposed Amendments include whether processing data under the new dual framework would pose comparability issues owing to the existence of differing datasets (i.e., quarterly versus semiannually reported data). Others have noted that index providers would need to revise eligibility criteria that, prior to the Proposed Amendments, contemplate that public company financial data reported to the SEC would be made uniformly on a quarterly basis./5
The SEC has released a request for comment on the Proposed Amendments, with comments due on or before July 6./6
Hughes Hubbard continues to closely monitor these developments. For more information, or with any questions, please contact Gary Simon or Jennifer Graham.
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1. The text of the proposed rule can be found at https://www.sec.gov/files/rules/proposed/2026/33-11414.pdf
2. https://www.sec.gov/newsroom/press-releases/2026-42-sec-proposes-amendments-permit-optional-semiannual-reporting-public-companies
3. https://www.sec.gov/newsroom/speeches-statements/atkins-statement-proposing-release-semiannual-reporting-050526
4. https://www.federalregister.gov/documents/2026/05/07/2026-09095/semiannual-reporting
5. https://www.reuters.com/sustainability/boards-policy-regulation/us-sec-proposes-allowing-public-companies-shift-semiannual-earnings-reports-2026-05-05/
6. Comments can be submitted on the SEC's website at https://www.sec.gov/comments/s7-2026-15/semiannual-reporting#no-back
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Original text here: https://www.hugheshubbard.com/news-insights/insights/sec-proposes-semiannual-reporting-alternative-to-quarterly-reporting-for-domestic-public-companies
[Category: BizLaw/Legal]
Gartner Survey Shows 31% of Chief Sales Officers Cited Difficulty Proving ROI of AI-driven Tools as a Top Challenge for Sales Objectives in 2026
STAMFORD, Connecticut, May 20 -- Gartner, an information technology research and advisory company, issued the following Q&A on May 19, 2026, involving senior director analyst Sandhya Mahadevan:
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Gartner Survey Shows 31% of Chief Sales Officers Cited Difficulty Proving ROI of AI-driven Tools as a Top Challenge for Sales Objectives in 2026
Q&A with Sandhya Mahadevan
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As AI investment accelerates across sales organizations, chief sales officers (CSOs) are under growing pressure to show measurable business value from the tools and initiatives they are funding. Yet many still struggle to
... Show Full Article
STAMFORD, Connecticut, May 20 -- Gartner, an information technology research and advisory company, issued the following Q&A on May 19, 2026, involving senior director analyst Sandhya Mahadevan:
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Gartner Survey Shows 31% of Chief Sales Officers Cited Difficulty Proving ROI of AI-driven Tools as a Top Challenge for Sales Objectives in 2026
Q&A with Sandhya Mahadevan
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As AI investment accelerates across sales organizations, chief sales officers (CSOs) are under growing pressure to show measurable business value from the tools and initiatives they are funding. Yet many still struggle toexplain where returns are showing up, how to measure them credibly and what kind of impact they should realistically expect from AI in the near term.
A Gartner survey of 227 CSOs conducted from August through September 2025 found that 31% cited difficulty proving ROI of AI-driven tools as a top challenge to sales objectives in 2026.
From the Gartner CSO & Sales Leader Conference in Las Vegas, we spoke with Sandhya Mahadevan, Sr Director Analyst in the Gartner Sales practice, about why AI ROI remains difficult to prove, what sales leaders get wrong when they rely on traditional ROI formulas alone, and how they can take a more effective approach to evaluating AI investments.
Journalists who would like to speak with Sandhya regarding this topic can contact Elizabeth.Bishop@gartner.com. Members of the media can reference this material in articles with proper attribution to Gartner.
Q: Why is proving ROI from AI investments still so difficult for sales leaders?
A: Many sales leaders still try to prove AI ROI as if value should appear quickly, clearly, and in familiar financial terms. However, AI rarely works that neatly, especially early on. Gartner research found 31% of CSOs said difficulty proving ROI of AI-driven tools is a top challenge to achieving sales objectives in 2026, which shows how widespread the issue has become.
AI ROI also depends on many conditions coming together at once. Leaders need the right use cases, realistic expectations, organizational readiness, broad adoption, dependable measurement and gains that add up meaningfully. Even when each of those factors appears reasonably strong on its own, the likelihood of all of them aligning at the same time can still be surprisingly low.
Q: What is a more effective way for sales leaders to understand AI ROI?
A: A more effective approach is to move beyond narrow, formula-only methods and take a broader view of how AI creates value over time. AI's impact is often better understood in terms of how it improves productivity, reduces friction and inconsistency, expands the organization's ability to execute at scale and, in some cases, supports longer-term innovation and growth.
Different AI investments generate different forms of value over time. Early AI use cases typically deliver improvements at the individual productivity level -- for example, meeting summarization, drafting support or research assistance -- where impact is most often reflected in time saved. However, translating time saved directly into cost savings is not always meaningful.
Instead, leaders can assess AI's contribution by linking these gains to previously identified productivity gaps across roles or workflows. As organizations mature in their AI adoption, more advanced use cases extend beyond personal efficiency to increase the overall execution capacity of the sales function. Realizing this type of value typically requires accompanying changes to processes and role design. At this stage, ROI shifts from user-level efficiency to organizational outcomes and can be evaluated through improvements in capacity, coverage, conversion or revenue growth.
Q: What practical steps should sales leaders take now to build a more credible AI ROI story?
A: The first step is to diagnose the ROI barriers that are actually within the leader's control, like data maturity, user adoption and choosing the right use cases. For many CSOs, that starts with reviewing the current AI roadmap, clarifying what type of ROI they are pursuing and securing CFO support for the approach. Proving ROI is often as much about organizational alignment and expectation setting as it is about measurement mechanics.
Sales leaders should also have full visibility into two metrics: seller productivity and sales capacity. Having a reliable baseline is critical for validating where AI is improving existing performance and assessing where AI could expand commercial reach or create new value streams. They should encourage disciplined exploration of more disruptive use cases, with clear go or no-go criteria for experimentation. The goal is to build a holistic AI ROI narrative and growth story rather than relying only on isolated formulas.
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Gartner is the World Authority on AI
Gartner is an indispensable partner to C-Level executives and technology providers as they implement AI strategies to achieve their mission-critical priorities. The independence and objectivity of Gartner insights provide clients with the confidence to make informed decisions and unlock the full potential of AI. Clients across the C-Level are using Gartner's proprietary AskGartner AI tool to determine how to leverage AI in their business. With more than 2,500 business and technology experts, 6,000 written insights, as well as more than 4,000 AI use cases and case studies, Gartner is the world authority on AI. More information can be found here.
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About the Gartner CSO & Sales Leader Conference
The Gartner CSO & Sales Leader Conference is taking place May 19-20, 2026 in Las Vegas, providing sales leaders with the latest research on AI-driven strategies, seller productivity, and transformative sales leadership. Follow news and updates coming out of the conference on the Gartner Newsroom and on X and LinkedIn using #GartnerSales.
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About Gartner for Sales Leaders
Gartner for Sales Leaders provides heads of sales and their teams with the insights, advice and tools they need to address mission-critical priorities amid mounting pressures to drive growth through new and existing customers. With extensive qualitative and quantitative research, Gartner for Sales Leaders helps sales teams combat commoditization and price-based purchasing, develop critical manager and seller skills, elevate the value of sales interactions, unlock existing growth potential, and optimize sales force enablement. Follow news and update from the Gartner Sales practice on X and LinkedIn using #GartnerSales. Members of the media can find additional information and insights in the Gartner Sales Newsroom.
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Original text here: https://www.gartner.com/en/newsroom/press-releases/2026-05-19-gartner-survey-shows-thirty-one-percent-of-chief-sales-officers-cited-difficulty-proving-roi-of-ai-driven-tools-as-a-top-challenge-for-sales-objectives-in-two-thousand-twenty-si
[Category: BizConsulting]
Gap Appoints Donald Kohler as Banana Republic President and Chief Executive Officer
SAN FRANCISCO, California, May 20 -- Gap, a retailer of clothing and accessories, posted the following news release on May 19, 2026:
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Gap Inc. Appoints Donald Kohler as Banana Republic President and Chief Executive Officer
Kohler Brings Deep Luxury and Heritage-Brand Expertise to Advance Banana Republic's Modern Explorer Vision
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Gap Inc. (NYSE: GAP) today announced Donald Kohler will join the company as Global Brand President and CEO of Banana Republic in July 2026 and will be based in San Francisco.
A seasoned leader with more than three decades of experience across the luxury, premium
... Show Full Article
SAN FRANCISCO, California, May 20 -- Gap, a retailer of clothing and accessories, posted the following news release on May 19, 2026:
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Gap Inc. Appoints Donald Kohler as Banana Republic President and Chief Executive Officer
Kohler Brings Deep Luxury and Heritage-Brand Expertise to Advance Banana Republic's Modern Explorer Vision
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Gap Inc. (NYSE: GAP) today announced Donald Kohler will join the company as Global Brand President and CEO of Banana Republic in July 2026 and will be based in San Francisco.
A seasoned leader with more than three decades of experience across the luxury, premiumand specialty retail markets, Kohler will guide Banana Republic as the brand continues to build momentum and elevate its position as a modern explorer lifestyle brand rooted in craftsmanship, creativity, and discovery.
"Donald is a product-driven leader with deep global expertise and an extraordinary track record of revitalizing brands to new relevance with clarity, discipline, and storytelling that connects with customers to drive growth," said Gap Inc. CEO Richard Dickson.
"Donald began his career in product at Gap Brand, where he developed his instincts for great design, impactful merchandising, and powerful storytelling. Just as importantly, he is deeply respected as a people leader who builds trust and develops high-performing teams. That rare combination of operational excellence and brand building positions him well to lead Banana Republic's next chapter - building on the brand's momentum and reinvigoration as a modern explorer brand," Dickson added.
Kohler joins Banana Republic from PVH Corp., where he most recently served as CEO of PVH Americas, overseeing Calvin Klein, Tommy Hilfiger, and the company's regional retail, eCommerce, wholesale, and licensing businesses. Prior to PVH Corp., Kohler held senior leadership roles at Burberry, Ferragamo, and Diesel, where he consistently strengthened brand positioning, delivered operational excellence, and led consumer-focused transformation across global markets.
Earlier in his career, Kohler spent more than a decade at Gap Inc. in merchandising leadership roles across Gap, GapKids, and babyGap - an experience that shaped his approach to product excellence, customer-led focus, and cross-functional partnership.
"Returning to Gap Inc. is deeply meaningful for me," said Kohler. "Banana Republic has extraordinary heritage and a powerful opportunity to inspire today's consumer through elevated product, immersive storytelling, and a cohesive customer journey. I believe great brands are built by great teams, and I look forward to getting to know the Banana Republic team and building what's next together."
As Kohler steps into the role, Banana Republic will continue strengthening its product architecture, deepening brand storytelling, elevating the in-store and digital experience, and driving disciplined execution across all channels globally.
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About Gap Inc.
Gap Inc., a purpose-driven house of iconic brands, is the largest specialty apparel company in America. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories, and lifestyle products for men, women and children available worldwide through company-operated and franchise stores, and e-commerce sites. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the planet through its commitment to bridge gaps to create a better world. For more information, please visit www.gapinc.com.
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About Banana Republic
Banana Republic is a storyteller's brand, outfitting the modern explorer with high-quality, expertly crafted collections and experiences to inspire and enrich their journeys. Founded in 1978 in San Francisco, Banana Republic connects with customers across online and company-operated and franchise retail locations globally. For more information, please visit www.bananarepublic.com and follow @BananaRepublic on social channels.
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Original text here: https://www.gapinc.com/en-us/articles/2026/05/gap-inc-appoints-donald-kohler-as-banana-republic-
[Category: BizConsumer Services]
Citi Ranked #1 U.S. Affordable Housing Lender for the 16th Consecutive Year
NEW YORK, May 20 -- Citi, a banking partner for institutions with cross-border needs and wealth management and a personal bank, issued the following news release:
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Citi Ranked #1 U.S. Affordable Housing Lender for the 16th Consecutive Year
HIGHLIGHTS
* Citi was named the #1 U.S. Affordable Housing Lender for the 16th consecutive year, according to Affordable Housing Finance magazine, providing $7.7 billion in financing in 2025
* The firm financed more than 35,000 affordable homes in 2025 alone as part of its commitment to community development
* Through our Blueprint for Housing Opportunity
... Show Full Article
NEW YORK, May 20 -- Citi, a banking partner for institutions with cross-border needs and wealth management and a personal bank, issued the following news release:
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Citi Ranked #1 U.S. Affordable Housing Lender for the 16th Consecutive Year
HIGHLIGHTS
* Citi was named the #1 U.S. Affordable Housing Lender for the 16th consecutive year, according to Affordable Housing Finance magazine, providing $7.7 billion in financing in 2025
* The firm financed more than 35,000 affordable homes in 2025 alone as part of its commitment to community development
* Through our Blueprint for Housing Opportunityinitiative, we are increasing our investment with a $60 billion housing affordability commitment to support the creation and preservation of at least 250,000 units across the U.S.
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Citi was named the #1 Affordable Housing Lender in the United States by Affordable Housing Finance magazine for 2025, building on an extensive track record of improving housing affordability across the country.
Citi financed $7.7 billion in affordable housing in 2025, up from $7 billion in 2024. This has contributed to the creation and preservation of more than 35,000 affordable apartments for families, 6,900 for seniors, 2,700 for formerly homeless individuals and 200 for veterans. The results of the survey, which has placed Citi in the number one position for every year since 2010, can be found here: AHF Top 25 Lenders
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"Citi has been the nation's top affordable housing lender for the past 16 years because we know that expanding access to affordable housing also expands opportunity for individuals, families, and entire communities. As many Americans continue to feel pressured by the high cost of housing, we will continue to put Citi's resources to work to help increase the supply of affordable housing across the country. Not only are we proud of our record, we are doubling down by increasing investment with our $60 billion commitment through our Blueprint for Housing Opportunity."
- Jane Fraser, Chair and Chief Executive Officer
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Citi knows increasing supply is essential to addressing housing affordability. That's why we are putting our capital, community impact, and expertise toward helping more Americans access housing they can truly afford through our Blueprint for Housing Opportunity initiative -- a $60 billion five-year housing affordability commitment dedicated to increasing the supply of housing through the creation and preservation of at least 250,000 units across the U.S. Through this initiative, Citi is working to support developers, accelerate construction and expand access to affordable housing where it's needed most.
"This recognition reflects both our long-standing leadership in affordable housing and our broader commitment to addressing housing affordability at scale. Through the Blueprint for Housing Opportunity initiative announced this year, we are expanding how we deploy capital to help increase supply across the housing spectrum," said Jeremy Johnson, Head of Citi Community Capital. "Combined with the dedication of our team and the strength of our partnerships, this approach allows us to deliver meaningful impact for communities nationwide."
Citi Community Capital helps affordable housing developers acquire, construct, rehabilitate and refinance multifamily affordable housing across the country. Read more about our commitment to the communities we serve here: https://www.citicommunitycapital.com.
For more information on Citi's commitment, visit the Blueprint for Housing Opportunity (https://www.citigroup.com/global/our-impact/strengthening-community/housing-affordability) website.
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About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
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Original text here: https://www.citigroup.com/global/news/press-release/2026/citi-ranked-number-one-us-affordable-housing-lender-sixteenth-consecutive-year
[Category: BizFinancial Services]
Black & Veatch Expands Team in Houston to Support Growth in the Human Critical Infrastructure Markets
OVERLAND PARK, Kansas, May 20 -- Black and Veatch issued the following news release:
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Black & Veatch expands team in Houston to support growth in the human critical infrastructure markets
New hires reinforce Black & Veatch's long-standing presence and growing investment across Texas
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Black & Veatch announces four strategic new hires in its Houston office to continue its work with the energy majors based here as well as other critical infrastructure work in power, water, grid and related digital infrastructure across the state and the region.
The company recently hired Robert Carpenter,
... Show Full Article
OVERLAND PARK, Kansas, May 20 -- Black and Veatch issued the following news release:
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Black & Veatch expands team in Houston to support growth in the human critical infrastructure markets
New hires reinforce Black & Veatch's long-standing presence and growing investment across Texas
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Black & Veatch announces four strategic new hires in its Houston office to continue its work with the energy majors based here as well as other critical infrastructure work in power, water, grid and related digital infrastructure across the state and the region.
The company recently hired Robert Carpenter,Saood Baig and Andres Macia, strengthening the firm's technical and commercial capabilities while reinforcing its long-standing commitment to the Texas market. The team develops integrated, reliable and bankable solutions for new and established processes in the fuels and natural resources market. Jennifer Pearsall also has joined the company as marketing lead for the company's Construction businesses and Power Providers sector, enhancing the firm's client engagement and regional market focus as demand for resilient, innovative infrastructure continues to grow.
Carpenter joins the team with almost 30 years of experience in the Houston area -- including GE Energy and Air Products -- supporting refining, gas processing and carbon capture. At Black & Veatch he is responsible for leading the Advanced Process Solutions team, which executes projects and services for Black & Veatch's clients. Carpenter has an undergraduate degree in chemical engineering and an MBA, both from Texas A&M University.
Baig joins the team with more than two decades of global experience -- including for Exxon Mobil -- supporting EPC and technology driven projects across refining, petrochemicals, utilities and advanced energy systems. His background includes project engineering, equipment design, competitiveness reviews and technical support for large-scale capital programs, bringing practical execution expertise to Black & Veatch's growing portfolio.
Macia has more than 25 years of project development, engineering and construction experience across energy and industrial markets. He has led commercial strategy and execution of petrochemical, LNG, hydrogen and CCUS projects. His career spans owner and contractor assignments, domestic and international markets and broad stakeholder engagement, regularly supporting projects from early development through execution and operation. At Black & Veatch he will manage programs and solutions across the Gulf Coast region. Macia holds an undergraduate degree in civil engineering from Texas A&M University and an MBA from the University of Houston.
Pearsall brings more than 15 years of experience, most recently leading marketing for Wood Mackenzie's global power and renewables business supporting new customer growth and cross-selling across the portfolio. Prior to that role, she spent time at Innowatts and NRG in marketing roles. Pearsall holds a bachelor's degree from Mount Holyoke College in Psychology and French.
These additions reflect Black & Veatch's continued growth in Houston and across Texas, a core market for the company's energy, full lifecycle power and infrastructure advisory solutions. With decades of experience delivering complex projects statewide, the company continues to invest in local talent and leadership to serve Texas based clients.
As Black & Veatch's second largest office globally, Houston is home to more than 300 professionals and relocated in December 2025 to a new Energy Corridor office that serves as the regional hub for power and energy work, with further expansion expected. Together, these strategic hires reinforce Black & Veatch's long term investment in Texas as a leading center for advanced energy, power and industrial solutions.
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Editor's Notes:
* Saood Baig LinkedIn profile (https://www.linkedin.com/in/saoodsaeedbaig/)
* Robert Carpenter LinkedIn profile (https://www.linkedin.com/in/robertcarpenter/)
* Andres Macia LinkedIn profile (https://www.linkedin.com/in/andres-macia/)
* Jennifer Pearsall LinkedIn profile (https://www.linkedin.com/in/jenpearsall/)
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About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in human critical infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing resilience and reliability of our most important infrastructure and energy assets. Learn more about us at the Black & Veatch newsroom, and follow us on LinkedIn, Facebook and Instagram.
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Original text here: https://www.bv.com/en-US/news/black-and-veatch-expands-team-in-houston-to-support-growth-in-the-human-critical-infrastructure-markets
[Category: BizEngineering]
