The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin Warsh to make interest-rate policy, experts said.
The approval came, he says, on May 4, 2023, when Nationstar issued a written record reading “Simple Assumption Approved.” He says he completed and returned the related documents. But the process stalled. On July 10, 2023, Nationstar notified him that servicing would move to NewRez – Shellpoint – effective August 1. The approved assumption, he alleges, was never finished before…
Japan’s Prime Minister Sanae Takaichi responds to questions from reporters at the Prime Minister’s Office in Tokyo on May 25, 2026. Prime Minister Sanae Takaichi said on May 25 the government will compile a $19 billion supplementary budget to support households grappling with soaring everyday costs driven by the Iran war. (Photo by JIJI PRESS…
Global bonds pull back from historic yield peaks as Hormuz traffic thins
Less Bombing. More Rallying It’s a pretty simple morning for the bond market (and many other markets). While there’s no formal ceasefire, both the U.S. and Iran have indicated a pause in the tit for tat airstrikes that have characterized most of July. Oil dropped sharply on the news though it’s not clear…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 07, 2026 Federal Reserve Board requests comment on a proposal to amend its requirements for banks to maintain anti-money laundering programs For release at 3:00 p.m. EDT …
Aldermore has provided an £85 million commercial real estate facility to support Brydell Partners’ acquisition of a 325-unit residential portfolio across London. The transaction marks a significant new relationship for the bank and reflects continued institutional appetite for rental housing in the capital. The five-year interest-only facility enabled Brydell Partners to acquire five residential schemes…
