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Metro Bank has launched a joint borrower sole proprietor (JBSP) mortgage, allowing first-time buyers to borrow up to 100% loan to value (LTV) with the support of an immediate family member. The mortgage allows applicants to borrow over 95% LTV, up to 100% LTV of the property’s purchase price. Both the borrower and joint…
K-pop idols are often decked out in luxury clothes from brand deals, but the reality of their careers may look pretty grim. Hyebin, the leader of the six-member girl group Momoland, took to Instagram this week to dispel the illusion that every K-pop idol is rolling in cash. “It has already been more than 10…
Two of the world’s largest auto manufacturers are making big industrial real estate moves in Austin and San Antonio. A Tesla factory in California Tesla has reportedly signed a lease for greater Austin’s largest speculative industrial building just as Toyota plots a $3.6B expansion of its San Antonio manufacturing plant. Tesla is leasing a 682K…
A Washington-based woman pleaded guilty to impersonating a financial advisor in a scheme that defrauded at least 28 victims of more than $3 million, the Justice Department announced. According to court documents, Jenni Yoon Jeong Lee is a 53-year-old woman based in Federal Way, Wash., a Seattle suburb about 20 miles from the city. She pleaded guilty…
Shares of Meta Platforms (META +2.59%) were heading lower last month as a slew of concerns mounted for the social media giant. Among those were layoffs, overspending on AI and capital expenditures, and a lack of direction in artificial intelligence, as the company has struggled to develop a meaningful revenue stream beyond advertising. The stock…
By Erik Hertzberg (Bloomberg) — Canada’s trade surplus widened to its largest in four years as the country’s energy, metals and mineral sectors helped fill global supply gaps left by disruptions in the Strait of Hormuz. The country’s trade surplus hit $4.2 billion up from $3.4 billion in April, Statistics Canada reported on Tuesday. That’s…
By Siddhi Nayak and Divya Patil Indian microfinance lenders are facing renewed strains on their portfolios as price pressures and weak monsoon threaten rural incomes, raising the risk of defaults across the industry’s $35 billion loan book. “A weak monsoon could slow loan growth as lenders tighten underwriting standards and…
Hormuz Back in The News Tue, Jul 7 2026, 3:18 PM Iran has attacked a few cargo ships recently and there are repercussions. The peace deal looks to be on shakier ground over the past 24 hours with both sides talking tough on the internet. Just before 3pm, the U.S. referred to…
Artificial intelligence infrastructure firm Nscale has closed a $900M line of credit intended to accelerate the construction of its global data center portfolio. The London-based AI cloud firm said Monday the capital infusion will provide liquidity to accelerate its data center build-out in the U.S., Europe and Asia. The credit facility is syndicated across a…
Artificial intelligence (AI) could be embedded into every aspect of a financial services business by 2030 as millions of savers and investors are already making use of the tools, research by the Financial Conduct Authority (FCA) has found. The City watchdog asked executive director Sheldon Mills to review how advances in AI could transform retail…