Wise’s shares fell by 9% on Friday morning after the US Office of the Comptroller of the Currency (OCC) rejected its application for a national trust bank charter, delivering a severe setback to the cross-border payments firm in its primary growth market. As major fintech firms, including Revolut, have sought national trust bank charters in…
Key insights: The card networks’ Click to Pay e-commerce system is expanding, though there is still room for growth. What’s at stake: In the U.S. where Click to Pay has not grown as quickly as Europe, banks are at risk of losing competitive advantage. Expert quote: “It’s very important that banks ensure cards stay robust,”—Nick Maynard,…
The sizeable amount locked in such accounts indicates that many workers have either not withdrawn or transferred their EPF balances.
The better option depends on your financial objectives, liquidity needs, investment horizon and comfort with risk.
As it approaches its first birthday, Nomura Securities’ commercial real estate lending platform has an extra reason to celebrate: It just sealed the largest sole-bank single-asset, single-borrower commercial mortgage-backed securities (SASB CMBS) deal in almost two years. The $719 million KELR 2026-MF deal is backed by 12 multifamily properties and one student housing asset, all…
A new report by the National Low Income Housing Coalition (NLIHC) says rental housing remains out of reach for millions of workers, with wages falling short of the cost of modest rentals in every state, metropolitan area and county in the U.S. Titled “Out of Reach: The High Cost of Housing,” the report warns that…
The government had imposed a penalty on the managed service provider (MSP) that operates the income tax department’s e-filing portal in FY 2025-26 after technical glitches led to the extension of the ITR filing deadline. “MSP is liable for penalty if the due date of ITR filing or any other pre-notified date gets extended on…
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Soldiers from the US Army in a simulated village during the Combined Resolve “Greywolves” exercise at the US military Hohenfels Training Area in Hohenfels, Germany, on Thursday, April 30, 2026. Alex Kraus | Bloomberg | Getty Images The Pentagon lowered its official death toll for the Iran war to 14 from 18 in the space…
The West Bengal government on 22 July officially constituted the state’s 7th central pay commission (CPC), a day after Chief Minister Suvendu Adhikari told reporters the state aims to implementing the 7th state CPC’s recommendations in the current fiscal (FY 2026-27). Notably, the state approved the constitution of this panel in May, after the newly…