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Halifax, Barclays and HSBC are among the latest lenders to increase mortgage pricing as the continuation of the conflict in the Middle East caused uncertainty. Halifax has increased rates by as much as 0.2%, impacting two-, three- and five-year fixed mortgage pricing for homemovers and first-time buyers. The changes will also see the removal of Halifax’s sub-4% mortgage rates. …
Bank Nifty crashed almost 1000 points on Monday, July 20, after big banks’ Q1 results during the weekend. Extreme selling pressure was seen in private bank stocks, especially HDFC Bank and Axis Bank, which nosedived by 5-6%. Also, Yes Bank, Kotak Bank, and AU Small Finance Bank dragged the index. On the other hand, major…
Federal Reserve Chair Kevin Warsh during his swearing-in ceremony in May 2026. Bloomberg News Processing Content Key insight: Supreme Court rulings have made the Federal Reserve the last remaining independent regulator in Washington. The durability of that independence remains to be seen and could shape the Fed’s approach to bank oversight. Expert quote: “The reason…
Greystone Real Estate Capital has closed on Greystone Affordable Housing Fund II LP, a $137-million multi-investor Low-Income Housing Tax Credit (LIHTC) fund. The fund will support the development and preservation of approximately 1,960 affordable housing units across 20 properties in nine states. Approximately 84% of the equity is for developments by repeat developers. The portfolio…
Shares of Tips Music rallied as much as 11% to an intraday high of Rs 740 on the BSE on Monday after the company said its board will meet on July 22 to consider and approve the unaudited financial results for the quarter ended June 30, 2026, and a proposal for the buyback of its…
Gold Can Make Up For Lost Time, Though Risks Remain
Key insight: The Fed, FDIC and OCC promised banks notice within 72 hours of a compromise of their confidential supervisory information. Expert quote: Julie Andersen Hill, dean of the University of Wyoming College of Law, said banks “will not be able to sue to enforce the document,” and that the pledge’s only real force is…
“It’s a very, very, very big market,” he said. “In fact, it’s a bigger market than the overall traditional market as a whole.” The distribution gap between reverse and conventional is part of what he’s hoping to address, Peskin said. Reverse mortgages are offered by approximately 2% of originators while HELOCs are offered by the…
The S&P 500 Index ($SPX) (SPY) on Friday closed down -1.01%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.49%. September E-mini S&P futures (ESU26) fell -1.02%, and September E-mini Nasdaq futures (NQU26) fell -1.51%. Stock indexes settled sharply lower on Friday, with the S&P 500 posting a…
On Friday, the Hong Kong Exchanges and Clearing Limited (HKEX) announced that its wholly-owned subsidiary, the Stock Exchange of Hong Kong Limited (SEHK), has signed Memoranda of Understanding (MOUs) with the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE) to deepen collaboration and information exchange under Stock Connect. The agreements aim to support…