Gen Z’s share of purchase rate locks hits record high in ‘generational handoff’

Schroders will become a long-term asset management partner to Söderberg & Partners. Credit: DCStockPhotography/Shutterstock.com Schroders has agreed to sell Benchmark, its UK integrated financial advice business, to Söderberg & Partners. The transaction marks another step in the asset manager’s plan to reshape its wealth management operations. Access deeper industry intelligence Experience unmatched clarity with a…

Some on Wall Street see an increasing likelihood that Elon Musk’s two biggest companies will combine.

Construction PMI vs 40.0 expected Prior 38.2 More to come.. This article was written by Justin Low at investinglive.com.

“I definitely see a lot of automation happening more recently,” he said. “I think we’re going to get to a point where servicers are taking efficiency to another level in the next couple months. It’s not just a cost-saving piece, but it’s also how can we be better as servicers and how can we serve…

Living in Philadelphia’s Society Hill during the 1976 Bicentennial was a banking historian’s dream come true. Most Americans experienced it through the lens of patriotism and politics. I experienced it through the lens of banking history. Philadelphia didn’t just host the Founding Fathers. It financed them. Philadelphia gave us the bank that funded Washington’s army,…

Seven of 11 Canadian markets recorded positive absorption in the period, with overall net absorption reaching 1.2 million square feet, led by Toronto, Calgary, and Montreal, each of which absorbed more than 300,000 square feet in the quarter. “For the first time since before the pandemic, office leasing momentum remained positive for a fourth consecutive…