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Redwood Bank has launched a residential buy-to-let (BTL) bridging proposition, comprising of two new products. The new bridging products focus on standard bridging for residential landlord property purchases, development exits and refinancing. They also focus on residential landlord refurbishment bridging for improvements, designed to enhance value or make a property more mortgageable. Both products offer…
Carnival Cruise Line’s loyalty program just underwent a huge overhaul: a different name, new ways of earning and redeeming rewards, and big changes to its branded credit card. The Very Important Fun Person Club, or VIFP Club for short, will now be called Carnival Rewards, and the Carnival World Mastercard is now the Carnival Rewards…
If UBS drops beneath that point, it would be required to halt investor distributions and share repurchases. Credit: RidhamSupriyanto/ Shutterstock.com. A committee in Switzerland’s upper house proposed that UBS cover 50% of the capital backing for its foreign subsidiaries with Common Equity Tier 1, rather than the 100% level sought by the federal government. For…
When families with kids are buying a home, factors such as the number of bedrooms, school district quality, and neighborhood safety are usually top of mind. For many parents, walkability is also key—even if it comes with a higher price tag. According to a new survey by the National Association of Realtors®, 63% of people…
The US dollar repo market sits at the core of the global financial system. It underpins liquidity in US Treasuries, shapes short-term dollar funding conditions and transmits US Federal Reserve policy into money markets. Yet, for all its scale and systemic importance, transparency in US dollar repo remains limited. Featuring expert commentary and exclusive survey…
Temperatures rose across global bond markets in recent days, intensified by a 30-year high in Japanese yields. Japan’s 10-year bond yield hit 3% for the first time since 1996, while the 2-year yield also hit a high. These increases also increase the cost of the yen carry trade, where investors borrow in low-yield yen and…
The continued strength of Commercial Property Assessed Clean Energy (C-PACE) debt as a construction financing tool has made a big splash in South Florida. Miami developer Shoma Group has landed a $172.5 million C-PACE loan from Nuveen Green Capital to develop its Shoma Bay mixed-use condominium waterfront project in North Bay Village, Fla., Commercial Observer…
Out with the old, in with the new. Walmart will celebrate the conversion of its East Wetmore Road store into a full-service Supercenter on Wednesday, Sept. 2,. The store will be about 180,000 square feet. The store at 455 E. Wetmore Road was Tucson’s last remaining Walmart general merchandise location. Following the conversion, customers can…
Speech by Boris Vujčić, Vice-President of the ECB, at the inauguration of the Alexander von Humboldt Professorship awarded to Professor Michael Weber at the European School of Management and Technology (ESMT) Berlin Berlin, 1 September 2026 Introduction Thank you, Michael, and thank you to ESMT for the invitation. It is a pleasure to be here…
International strategies may have been overlooked by U.S. investors in recent years, but that narrative has shifted over the past two years. Foreign equities offer significant diversification and growth opportunities, especially for those concerned about overconcentration in U.S. stocks. Key Takeaways: International stocks have been offering a strong opportunity set as of late, and those…