Student loan defaults are rising, and Sun Belt demand may soften
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Why JPMorganChase is deploying robots in its lockbox
Key insights: JPMorganChase is updating its lockbox business with AI-powered automation and robotics as part of the $19.8 billion the New York-based bank has earmarked for technology investment. What’s at stake: Deploying robotics and automation in its lockbox operations is less about reducing labor costs and more about margin defense and maintaining operating deposits and…
Falling house prices push up IHT refunds
More than 10,500 estates reclaimed overpaid inheritance tax on property sales in 2025-26 as falling house prices pushed up refunds, according to figures from HMRC. The number of families reclaiming inheritance tax because they sold inherited property for less than its probate value more than doubled last year. Figures obtained by NFU Mutual through…
Five dead after magnitude 7.7 earthquake strikes off Indonesia, g
Five Die as 7.7 Magnitude Earthquake Hits Indonesia and Tsunami Threat Eases Major Earthquake Strikes Indonesia: Impact, Response, and Aftermath By Dewi Kurniawati Casualties and Immediate Effects JAKARTA, Aug 15 (Reuters) – At least five people died after an earthquake of magnitude 7.7 and dozens of aftershocks struck off eastern Indonesia early on Saturday, a…
Housing minister considers stronger protection for restrictive covenants
The housing and planning minister is considering whether stronger protections are needed for homeowners against restrictive covenants. It comes after MPs from the Housing, Communities and Local Government (HCLG) committee highlighted cases where homeowners were facing unreasonable demands for large sums of money relating to covenants. Earlier this year, the BBC reported that residents…
Private Credit Manager Selection Separates Winners From Losers
Private credit has become one of the most talked-about asset classes in investing. Unfortunately, it has also become one of the most misunderstood. Open any financial publication today, and you’ll see a familiar list of concerns: rising defaults, gated funds, AI-related software losses, refinancing pressures, consumer credit risks and warnings about systemic liquidity. Some commentators…
Bonds Rally After Treasury Buyback Announcement (NOT QE)
At 8:30am, Treasury announced it would double the size of the existing buyback program from $2 to $4 billion for 10-30yr maturities. This sounds like a big deal, but it’s only really a medium deal. It’s not QE and it never was. Treasury has been conducting buyback operations for more than 2 years and the…
