FHA defaults fall 15% in June, but U.S. foreclosure starts hit six-year high

Taxpayers may soon see complete details of their overseas transactions and financial accounts reflected in their Annual Information Statement (AIS). The Central Board of Direct Taxes (CBDT) has introduced a stronger reporting mechanism to integrate foreign financial data, making compliance easier and verification of foreign assets more transparent. The initiative is designed to foster a…

News release The Prudential Regulation Authority (PRA) has today announced plans to consult on reforming rules around shared operational services for ring-fenced banks. Any bank that has over £35 billion of core deposits and undertakes material investment banking activity is subject to the ring-fencing regime, which was introduced in 2019 as a post-financial crisis reform….

Strategists conclude the IPO wave doesn’t necessarily portend a dangerous market bubble — yet.

In institutional clients, assets under management increased to SFr112.5bn. Credit: Marlon Trottmann/ Shutterstock.com Vontobel has posted a record first-half profit after an improvement in efficiency helped lift earnings sharply in the first six months of 2026. Half-year profit rose 87% year-on-year to SFr216m. Revenues increased 24% to SFr852m. Access deeper industry intelligence Experience unmatched clarity…

Affordable housing developments across Arizona, California, and Nevada will be supported by $66.3 million in Affordable Housing Program grants announced by the Federal Home Loan Bank of San Francisco/ The grants will support 45 affordable housing developments in the three states, FHLBank announced. The awards will help create nearly 2,900 homes for low-income households. “At…