Russia pounds Kyiv with missiles

The Federal Reserve named a former Walmart CEO to a task force to develop contemporaneous data on spending, inflation and growth.

Key insight: SoFi is growing in both its core lending products and its new banking and digital asset launches but didn’t increase its full-year outlook. Supporting data: Operational expenses increased 30% year over year, which largely offset SoFi’s record revenue growth of 40% year over year. Forward look: SoFi is expecting one to two interest…

Aldermore has provided an £85 million commercial real estate facility to support Brydell Partners’ acquisition of a 325-unit residential portfolio across London. The transaction marks a significant new relationship for the bank and reflects continued institutional appetite for rental housing in the capital. The five-year interest-only facility enabled Brydell Partners to acquire five residential schemes…

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For the mortgage market, that latest oil price surge could be significant because it risks putting upward pressure on inflation – raising the prospect of the Federal Reserve increasing interest rates to keep price growth under control. Mortgage rates on the up – are further spikes ahead? Last week, the 30-year fixed rate moved slightly…