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Capital One card losses jump after Discover deal
Capital One’s projected credit card losses jumped in its first Federal Reserve’s stress test since acquiring Discover, highlighting the enlarged lender’s heavier exposure to unsecured consumer credit. Projected credit card losses at the bank reached $55.7 billion under the severely adverse scenario in the 2026 Dodd-Frank Act stress test (DFAST), up $20.7 billion, or 59%,…
Invesco’s Long-Short SMA Strategy Solves Client Needs
On the Inside SMAs podcast powered by Zephyr’s PSN, host Ryan Nauman interviews Eddie Bernhardt, Head of SMAs at Invesco, about Invesco’s long-short SMA strategy and how it’s used to solve client-specific challenges. Bernhardt explains Invesco’s global scale and the quant equity IQS group’s 30+ year foundation, including proprietary factor research, a large multi-region team,…
Ian Schrager, Ed Scheetz Land $117M Refi for Public Hotel West Hollywood – Commercial Observer
Hoteliers Ian Schrager and Ed Scheetz have secured $116.5 million of bridge debt to refinance a Los Angeles hotel set to make its Hollywood debut. Driftwood Capital and Benefit Street Partners provided the loan for the Public Hotel West Hollywood, scheduled to open on the Sunset Strip in September at the site of the former…
A bright future for biotech – what to buy
Good news for shareholders in the International Biotechnology Trust: their fund has a significant holding in US cancer research business Nuvalent, for which GSK has just agreed to pay $10.6 billion– 40% more than its share price prior to the deal being announced. Even better: Nuvalent is the sixth company in the portfolio to have…
2026 Housing Market Predictions: Seller Pain is Far From Over
Dave:We did it. We made it through the first half of 2026. Spite all the negative housing news, despite all the doom and gloom about the economy, the market is doing okay and we made it through. And today on On the Market, we’re doing our mid-year update. I’m here with Kathy Fettke and James…
Landlord rental income plateaus at £59bn – HMRC
The property rental income collected by individuals and partnerships totalled £58.9bn in 2024-25, relatively unchanged from the £59bn income reported the previous year. Data from HMRC showed that rental income had plateaued following a rising trend since 2020. From 2020 to 2021, total income from UK property increased by 26% or £12.3bn, primarily due…
