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Chase executive says sustainable payments matter more than rate forecasts
For one senior executive in the lending space, the more important question is not where rates will be in 12 months but whether the payment a buyer signs up for today is sustainable regardless of what happens next. Erik Schmitt (pictured top), head of consumer direct sales at Chase Home Lending, said the industry has…
EPFO automates PF transfer — will it apply if you changed jobs long ago but never transferred your balance?
EPFO has made it easier to transfer provident fund balance after making the process automatic for Aadhaar-linked, KYC-compliant Universal Account Number (UAN) holders when they switch jobs. The introduction of this feature is significant as it eliminates the need to submit separate transfer applications and thus reducing paperwork. Previously, transfer of PF accounts required approvals…
Why Launching a Brokerage No Longer Requires a Million-Dollar Budget: Inside a White Label Brokerage Case
Launching a brokerage has traditionally followed a familiar formula. This involves sourcing a CRM provider, selecting a trading platform, negotiating with liquidity providers, integrating payment service providers, engaging compliance consultants and managing multiple implementation timelines before a single client could be onboarded. For years, this was simply seen as the cost of entering the market….
Stocks Settle Lower as Bond Yields Surge
The S&P 500 Index ($SPX) (SPY) closed down by -0.71% on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.79%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -1.29%. E-mini S&P futures (ESU26) fell -0.71%, and September E-mini Nasdaq futures (NQU26) fell -1.25%. Stock indices retreated on Tuesday, with the S&P 500 falling to…
Housing Secretary Reed resigns in Burnham reshuffle
Steve Reed, Secretary of State for Housing, Communities and Local Government, has resigned. Reed was appointed in 2025, after Rayner stepped down following the stamp duty scandal. He was a close ally of Starmer, and was the first cabinet member to be dismissed in Burnham’s reshuffle. Reed backs state housebuilder programme In his…
Much Stronger Start After Negative NFP Print, But…
Much Stronger Start After Negative NFP Print, But… Nonfarm payrolls (NFP) FELL 23k versus an 80k forecast. Last month was revised down as well. From a traditional market-watching perspective, this is pure rally fuel. Indeed, bonds are rallying sharply so far. Let’s hope it sticks. Why wouldn’t it? As labor force dynamics have…
