New York outflows reshape housing demand in Texas and Florida
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Bank of England to relax leverage rules for UK banks
The BoE also plans to remove an additional leverage buffer that mainly affects larger domestic-focused lenders. Credit: William Barton/Shutterstock.com The Bank of England (BoE) plans to loosen a key capital rule for UK lenders, in a move aimed at helping banks maintain lending and support financial markets during periods of stress. The proposal centres on…
Hong Kong tax overhaul may attract more fund managers: KPMG
KPMG forecast full-year IPO fundraising of about HKD350bn ($44.6bn). Credit: Jr images/Shutterstock.com Hong Kong’s changes to its fund tax exemption and carried interest rules are expected to draw more regional and global asset managers to the city, according to KPMG’s latest Hong Kong Asset Management and Private Equity Outlook. The Securities and Futures Commission’s (SFC) latest Asset…
Social Security Benefits Are Losing Buying Power. Here’s Why Lawmakers Aren’t Fixing the Problem.
Key Points If you rely on Social Security or expect to someday, you may be aware that benefits are eligible for an annual cost-of-living adjustment, or COLA. The purpose of COLAs is to help benefits keep up with rising costs. But while Social Security benefits are designed to keep pace with inflation in theory, recent…
I Moved From NYC to Tennessee and Struggled to Make Mom Friends
As a native New Yorker, I thought my move to Tennessee was temporary. But I’m a country girl at heart. Starting over a thousand miles from loved ones is challenging, especially as a new mom aged out of childbearing years. My daughter Violet longed for friends, and I did too. But we couldn’t find any….
Ali Larter Shares Glimpse Inside ‘Simple’ Idaho Lifestyle After Quitting L.A.
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Mastercard Considers Selling Vocalink UK Payments Business
Mastercard is reportedly considering a sale of its U.K. retail payments business Vocalink. That’s according to a report Monday (July 13) from the Financial Times (FT), which says this move comes as Mastercard fields concerns about a “strategically critical” asset being under American ownership. These discussions, the report added, come at a pivotal moment for…
