Commercial real estate loan activity jumps in the second quarter

With concerns rising over concentration risk as valuations for many large cap stocks appear too high and companies like SpaceX file for record-setting IPOs, advisors are focused on diversifying their clients’ portfolios. For clients who invest primarily through ETFs and mutual funds, advisors often turn to a combination of direct indexing, long-short strategies and structured…

Mortgage rates have surged to their highest level in a year, after a divided Federal Reserve opted to hold its key interest rate steady while signaling potential future hikes as the conflict in Iran continues to fuel inflation.  The average rate on 30-year fixed home loans hit 6.66% for the week ending July 30, up…

According to a new report from Consumer Finance Monitor, on July 13, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the National Credit Union Administration (NCUA) released interagency guidance to remind the financial institutions under their supervision of their ongoing safety and soundness responsibilities when providing credit…

On Wednesday, CME Group reported second-quarter revenue of $1.7 billion and operating income of $1.1 billion, capping what the exchange operator described as its strongest first half on record. Net income was $1 billion and diluted earnings per share were $2.88. On an adjusted basis, which excludes certain items, operating income was $1.2 billion, net…

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The product is part of an “All-in AI” model. Credit: Deemerwha studio/ Shutterstock.com. Advyzon has introduced Advyzon AI, a built-in AI system within its wealth management technology and data platform for financial advisers and investment managers. The product is part of an “All-in AI” model, where intelligence is incorporated across one platform, one data model…