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Key insight: Mastercard is reportedly mulling a sale of its U.K. Vocalink payments technology subsidiary amid a rise in local objections to foreign ownership of payments rails What’s at stake: Vocalink could play a key role in a U.K. account-to-account payments project, but it faces potential regulatory pressure due to Mastercard’s ownership. Forward look: Other…
The S&P 500 Index ($SPX) (SPY) on Monday closed down -0.79%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.88%. September E-mini S&P futures (ESU26) fell -0.79%, and September E-mini Nasdaq futures (NQU26) fell -1.88%. Stock indexes retreated on Monday and settled lower as a sell-off in South…
A Betterment client is suing the firm, alleging advisors moved clients’ excess cash into sweep accounts at banks that didn’t generate any interest, leaving investors having “lost significant interest they would have otherwise earned.” New Jersey resident Michael Treadway filed the class action lawsuit in New York federal court, alleging he was a Betterment client…
Wildfire rages near Paris as heatwave scorches Europe
The U.S. announced a new round of strikes on Iran on Monday, hours after President Donald Trump said Washington is “reinstating” a blockade on Iran in the Strait of Hormuz and, in a seeming policy reversal, will charge other ships for safe passage. All of that comes as Iran has insisted it actually controls the critical waterway, and as…
Ever feel like your money plan looks perfect on paper, but you’re still stressed out about it? While spreadsheets give us the exact math, how we feel about our wealth is a whole different story. Joe and I dive into the big gap between money logic and human psychology to help you find some actual…
The guidance is aimed at reporting entities such as banks, credit unions, trust companies, and providers of life insurance and loans. Participation is voluntary. The Commissioner’s office notes that developing a code is not mandatory unless a firm intends to engage in this kind of information sharing. The guidance clarifies what a code must contain to win…
Indian stock markets are expected to trade with a positive-to-range-bound bias on Tuesday as investors shift their attention to the start of the Q1 FY27 earnings season, which is likely to drive sector-specific and stock-specific action. While geopolitical tensions in West Asia, crude oil prices and key global macroeconomic events may keep volatility elevated, analysts…
Key takeaway: Acquiring TriCounties Bank’s parent company would give First Hawaiian its first presence on the U.S. mainland in a decade. Forward look: The merged company would have $34 billion of assets and 113 branches in Hawaii and California. Expert quote: “What we’ve lacked since our separation from Bank of the West is a branch…
Ronald Wuijster. Credit: Anthos Fund & Asset Management Anthos Fund & Asset Management has appointed Ronald Wuijster as its new chief executive, effective 10 August 2026. He will succeed Jacco Maters, who is stepping down after eight years in the role. Access deeper industry intelligence Experience unmatched clarity with a single platform that combines unique…