Glencore takes $480 mln provision on Radiant World exposure – Bloomberg

Glencore takes $480 mln provision on Radiant World exposure – Bloomberg

Glencore takes $480 mln provision on Radiant World exposure – Bloomberg
A bounce back in sales and leasing activity helped JLL nearly double its net income in the second quarter, the brokerage giant announced Thursday. Net income was $215.6M in the second quarter, up 92% from the same period last year, helped by a 24% bump in revenue from its leasing business and a 19% increase from…
Leopold Aschenbrenner, the Wall Street wunderkind whose hedge fund imploded in late July, placed huge bets on two AI stocks in the lead-up to the disaster. Aschenbrenner’s firm, Situational Awareness, owned a $5.7 billion stake in SanDisk and a $5.6 billion stake in Micron at the end of June, its quarterly portfolio update revealed on…
Tokenised deposits promise faster payments and better liquidity management for bank clients. But the same flexibility could make deposits less useful as a stable funding source for banks, according to new research from the Federal Reserve Bank of Dallas. In a paper published on Aug. 25, Dallas Fed economists Rosie Levy and Srini Ramaswamy said…
Worsfold and Basi Take Over LCG; Brokers Go Multi-Asset Worsfold and Basi Take Over LCG; Brokers Go Multi-Asset Worsfold and Basi Take Over LCG; Brokers Go Multi-Asset Worsfold and Basi Take Over LCG; Brokers Go Multi-Asset Worsfold and Basi Take Over LCG; Brokers Go Multi-Asset Worsfold and Basi Take Over LCG; Brokers Go Multi-Asset Today’s…
Tipton & Coseley Building Society has reduced mortgage rates by up to 0.3% across its expat and limited company buy-to-let (BTL) ranges, while also introducing new fixed rate options for purchase and remortgage customers. The mutual said the changes are aimed at supporting both new landlords and those looking to refinance. Expat rates…
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…