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Key insight: Banco Santander finalized its acquisition of Webster Financial on Thursday, marking the closure of the largest U.S. bank M&A deal to be announced this year. What’s at stake: Santander is positioned to significantly increase its scale and profitability in the U.S., where it has been trying for years to be a larger retail…
Cloud-based mortgage and savings software provider Finova has appointed Tom Tredwell as its director of data to drive its data strategy. The next-generation data strategy has been shaped by demand from its clients for faster access to actionable market insight and industry trends, while using data to enhance artificial intelligence (AI) functions and efficiency. …
The S&P 500 Index ($SPX) (SPY) closed down by -0.87% on Thursday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -1.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.72%. E-mini S&P futures (ESU26) fell -0.85%, and September E-mini Nasdaq futures (NQU26) fell -0.76%. Stock indices settled lower on Thursday, with the S&P 500 and…
Figure CEO Michael Tannenbaum foresees potential for the fintech he heads that goes beyond its current niche as a blockchain-based marketplace for consumer loans, most of which have been home equity products. Processing Content “We’re kind of like an Encompass or Ellie Mae plus Fannie Mae, but we’re doing it in a modern way,” he…
Tech providers are raising the stakes in artificial intelligence development, and mortgage companies appear to be taking note. Processing Content With mortgage software firms posting noteworthy wins over the past several months, developers are moving forward with new initiatives and plans as they try to get ahead in AI innovation. As lenders recognize the need…
Foreign portfolio investors (FPIs) stepped up their buying in Indian equities in the first half of August, with financial services emerging as the biggest beneficiary of the inflows. The sector attracted a net ₹6,535 crore between August 1 and 15, reversing the ₹2,669 crore outflow in the second half of July. Automobile…
Enero Group FY26 presentation: margins expand despite revenue pressure
(Bloomberg) — The latest convulsions in bond markets exposed a quirk: Some of the riskiest, most complex structures have ended up being among the most stable. Additional Tier 1 bonds — deeply subordinated debt banks issue for regulatory purposes — have been 75% less volatile than high-grade corporate bonds, according to rolling 10-day data, compiled…
MaxiPARTS FY26 slides: profit rises 11.8%, net cash achieved
Owning property is a popular investment choice for many Australians, but it’s also an expensive endeavor. Recent tax office data shows around half of property investors have ‘negatively geared‘ properties – that is, they’re making an overall loss on their investment. But that means the other half of investors own ‘positively geared’ properties and are…