Goldman Sachs: AI buildout to add up to 50bp to US core PCE, but the boost is temporary

A robust hybrid structural learning framework for robust structural learning and feature selection for credit risk prediction – Journal of Credit Risk Skip to main content Close navigation menu End of drawer navigation content A robust hybrid structural learning framework (Ro-HCD) is developed for stable feature selection in credit risk prediction. Ro-HCD identifies compact and…

Second charge mortgage new business volumes decreased 3% year-on-year in August, with 3,347 agreements over the month. Despite this, data from the Finance and Leasing Association (FLA) showed that the value of business increased by 4% to £183m.  August’s figures were also down on July, which saw 3,919 agreements at a total value of…

The Federal Deposit Insurance Corporation (FDIC) is advancing plans to create an independent organization dedicated to developing and applying uniform benchmarks for third-party vendors that supply services to banks. Working alongside banking and financial technology industry groups, the agency aims to establish a body that would define baseline criteria aligned with federal regulatory expectations and…

Rates on the conforming 30-year fixed mortgage increased 3 basis points this past week and are now higher on a year-over-year basis, as inflation remains front and center in the minds of investors. Processing Content The latest rates have moved closer to their July 2025 level at over 6.7%, although still below the 7% peak…

Op risk data: Japanese restaurant payments firm swallows $700m loss – Risk.net Skip to main content End of drawer navigation content Also: Bank of Baroda fraud filing; Wells’ Ponzi palaver; Swedbank’s Panama Papers payout. Data by ORX News In July’s largest loss, Japanese advance payments and processing firm Zentoshin, many clients of which are in…

There’s a reason the index hasn’t moved much since June, according to a team at UBS.