Refining bottlenecks are emerging as the next big oil problem as Middle East skirmishes flare up

Intuitive Machines: Dilution Is A Drag, But The Backlog Keeps Winning

Key insight: As written, new capital standards for U.S. banks fail to account for the additional risk posed by many home loan clients who obtain second mortgages. Fixing the problem will significantly reduce the rule’s benefit to banks. What’s at stake: The new capital standards create incentives to move second liens off bank balance sheets…

Time: 9am to 10am | Location: Bank of England, Threadneedle Street, London, EC2R 8AH and MS teams Minutes Item 1 – Update on Imagery Selection and Aims The Chair opened the meeting, reminding members about the importance of considering the Bank’s obligations under the Public Sector Equality Duty at every stage of decision-making during the…

The Right Mortgage & Protection Network has appointed Drew Wilson as specialist lending development manager. Wilson will report to head of lending Victoria Clark and work with member firms on cases that fall outside mainstream lending criteria. He returns to TRM after previously spending four years as national account manager between 2020 and 2024, working…

Small finance banks continue to lead the fixed deposit (FD) rate chart in mid-July, offering returns of up to 8.1 per cent for regular depositors, well large public and private sector banks.   Data compiled by Stable Money shows that Suryoday Small Finance Bank and Utkarsh Small Finance Bank offer the highest FD…

Rates and unsold inventory keep builders cautious The 30-year fixed-rate mortgage averaged 6.55% for the week ending July 16 up from 6.49% the prior week, according to Freddie Mac‘s Primary Mortgage Market Survey (PMMS). Odeta Kushi of First American says demographic demand and life events continue to support the housing market, even as higher…