CMBS office delinquency rate hits all-time high in July

Triple Point has originated a £17m development finance facility for a mixed-use residential scheme in Fulham, marking the largest single loan the lender’s property development team has originated. The transaction was introduced by broker LEXI Finance. The facility will fund construction of 31 apartments across two blocks alongside two commercial units off the King’s Road….

For the first time in three years, the Bank of England has raised interest rates to 4% amid mounting economic pressure. Many experts were not surprised by the move, which had been widely predicted amid the ongoing war in Iran and rising costs. The Bank of England’s Monetary Policy Committee (MPC) voted by a majority…

Municipal market participants Thursday digesting news of a possible bankruptcy loan from Assured Guaranty Ltd. to Brightline Florida downplayed the impact a bankruptcy would have on the broader muni market but pointed to specific possible pain points from the fallout. Processing Content A resolution would likely be positive for the high-yield market, said John Miller,…

The core of the US proposal is a hard cap on how much of an AI server, chip or related piece of hardware can be built from parts sourced outside North America, which would directly hit the assembly model many firms have used to route Chinese made components through Mexico. That threshold, once set, would…

For Emirates Islamic, 2025 saw years of investment in scale, innovation and customer experience crystallise into one of the strongest all-round performances in regional Islamic banking. The bank delivered record profitability during the year, with net profit rising 19% to AED3.3 billion, supported by strong growth across funded and non-funded income streams. Customer financing increased…

Policymakers judged that upside risks to price stability remained elevated even as risks to US employment eased, according to Reuters, and several said price pressures had broadened across goods and services.   Some officials expected inflation to recede as energy costs and tariff effects fade, the minutes showed, a view complicated on Wednesday when Trump signalled that…