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The UK’s investment trusts are declining in popularity with the country’s investor base, new research suggests. Financial consumer site Boring Money’s latest investment trust report shows that investment trust ownership among UK investors has fallen to its lowest level since the company started tracking adoption in 2021 – falling from 12% to 9% in the…
For banks, the decision reaches beyond the rates charged on loans and paid for funding. The Fed’s move also changes the economics of liquidity, including some of the money institutions position so they can execute payments in different currencies and jurisdictions. Correspondent banking’s an example here. Most cross-border payments still rely on correspondent relationships. As…
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. A federal judge ruled Friday that the Trump administration violated the law when it fired former Federal Emergency Management Agency CFO Mary Comans last year without providing the procedural protections afforded to career federal employees. Instead of…
European shares are closing mostly higher on Friday, but the gains were not enough to erase losses for most of the major indices this week. The broader STOXX 600 is also on pace for a weekly decline as elevated bond yields and oil prices continue to weigh on sentiment. European closing levels: German DAX, +0.59%…
Investors are also seeking diversification beyond the US after years of domestic equity outperformance, and country ETFs offer more precise portfolio construction than broad international products. The week’s broader flow picture Single-country ETF momentum arrived during a strong week overall for the US ETF market. US-listed ETFs took in $33.4 billion for the week ending…
Yuno raised $45 million in a Series B funding round to scale its artificial intelligence (AI)-native operating system of global payments and financial services for enterprise merchants, banks and wallets, the company said in a Wednesday (Aug. 12) press release. Yuno’s platform connects businesses through a single application programming interface (API) to more than 1,000…