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DOJ, Rocket ready to talk settlement in appraisal bias case
Rocket Mortgage, federal prosecutors and other parties in a complaint say they’re ready to discuss potentially wrapping up a Biden-era appraisal bias lawsuit. Processing Content The sides filed a joint motion for a settlement conference last week, seeking to discuss a possible resolution to the case in front of a Colorado federal judge. They also…
What bankers expect from bank M&A this year
Banks are expected to accelerate their offers to buy other banks as the industry consolidates under a favorable regulatory regime. In addition to widespread M&A among smaller banks, management consultants at Bain anticipate that an enlarged bank assembled through mergers will create a fifth institution with assets topping $1 trillion within four years. Processing Content…
EV insurance claims cost 14% more, battery cover adoption hits 70%: Report | Personal Finance
Insurance coverage for repairing electric vehicles (EVs) cost 14 per cent more on average than those for comparable petrol and diesel cars, according to data from Policybazaar. The average claim cost for an electric car stood at Rs 41,543, compared with Rs 36,185 for an internal combustion engine (ICE) car. The comparison covers vehicles…
The “techlash” against data centres
What is a data centre? A data centre is a big, highly secure building full of computers and the other physical infrastructure that the digital world is built on. They’ve been around for decades (since the 1940s, reckons IBM, in the form of “server rooms”), but the internet, cloud computing and now the widespread adoption…
Match-Trade Promotes Rafał Walencik to Head of Sales as Commercial Reshuffle Completes
Fintech Education Explained: How Finance Magnates Academy Helps You Build a Career Fintech Education Explained: How Finance Magnates Academy Helps You Build a Career Fintech Education Explained: How Finance Magnates Academy Helps You Build a Career Fintech Education Explained: How Finance Magnates Academy Helps You Build a Career Fintech Education Explained: How Finance Magnates Academy…
Can the Permanent Portfolio strategy protect your wealth?
US market analyst Harry Browne developed a simple portfolio strategy in the 1980s that he believed would generate returns in all market conditions. The strategy – which he called the Permanent Portfolio – allocates equal portions to stocks, long-dated bonds, gold and cash. Holdings are rebalanced back to their target weights annually. Browne developed this…
