A $20M fine stalks Los Angeles over delay of a new housing project
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Wealth managers face moderate AI disruption risk, Fitch stress test finds
Fitch drew a distinction between wealth management and private banking, noting that the latter is likely to remain high-touch, with AI augmenting rather than replacing client relationships. Wealth management, by contrast, faces greater exposure to the standardisation of products and services that AI enables. Fiduciary and regulatory obligations requiring human accountability for advice were identified…
DataVita secures £300m financing for AI data centre expansion in Scotland
The financing is backed by a £202m National Wealth Fund guarantee, while both facilities are fully contracted to CoreWeave under a 15-year agreement. CRE Herald Market analysis, deal insights, and sector research trusted by fund managers, asset managers, and senior executives. Subscribe Now Already have an account? Log in …
This $11 Million Masterpiece Is DC’s Most Impressive Modern Home
A modernist masterpiece by acclaimed architect David Jameson has hit the market for $10.995 million in Washington, DC. “[It’s] a really special house, it’s gorgeous,” says Christopher Leary, co-founder of HRLS Partners at Sotheby’s International Realty, who is listing the property along with his partners, Robert Hryniewicki, Adam Rackliffe, and Micah Smith. “We play in…
Key’s profit tops estimates on growth in deposits and fees
Forward look: Key restated its 3.25% net interest margin target for 2027. Expert quote: “The visibility we have now makes us feel like we can fund loan growth with deposits … and we can effectively manage the deposits within the scope of where rates are.” — Chief Financial Officer Clark Khayat Powered by solid credit…
I Go to Mexico Often: My Favorite Spot Is Easy to Get to, Near Cancún
I love Cancún’s balmy, multi-blue-toned water, but I’m less fond of the crowds, nightlife, and traffic. These days, when I travel, I want as much peace and nature as possible, from calming ocean waves to the squeaky chatter of local birds. I’ve been to Cancún countless times, but recently visited the nearby Isla Mujeres for…
Law Debenture: the star of the UK income sector
Law Debenture (LSE:LWDB) is a unique investment trust. It is part equity income portfolio and part professional services company, all in one high-performing £1.7 billion wrapper. It has been a stalwart of the MoneyWeek Investment Trust portfolio since September 2015, with the second-best performance of all the trusts selected. Over the past ten years the…
