Pound stands tall as dollar, euro wilt

Ellington Financial is approaching a deal to acquire a “small” servicer, with expectations of an agreement to come later this quarter.  Processing Content The investment manager and parent company of reverse lender Longbridge Financial teased the pending acquisition in a second-quarter earnings call, noting any newly purchased assets would not necessarily have a noticeable impact…

The full new state pension is set to exceed £13,000 per year next April, breaching the tax-free personal allowance for the first time. The triple lock mechanism means the state pension increases by the highest out of wage growth, inflation or 2.5%. The state pension is set to rise by 3.9% from April 2027, in…

Bending spoons is a parlour trick popularised in the 1970s by illusionist Uri Geller. It’s also the name of Italy’s most valuable technology firm, which earlier this summer staged a triumphant Wall Street initial public offering that saw its shares soar by 40% in a day – taking the value to $26 billion and “minting”…

The sale comes as private equity groups continue to pursue independent wealth management firms. Credit: Piotr Swat/Shutterstock.com Carlyle and Bain Capital are in contention to acquire Wealth Enhancement in a deal that could value the wealth management platform at about $7bn including debt, the Financial Times has reported. Wealth Enhancement oversees nearly $160bn in client…

Key insight: South Korea’s Financial Services Commission blamed systems used by employees and outside personnel such as loan recruiters and contractors for the intrusions. Supporting data: Shinhan said about 25,000 customers were affected, KB Kookmin said 99 customers and 20 current and former employees were, and Hana said 89 customers were. Forward look: Korean regulators…