Mortgage application activity declined for a second consecutive week as higher borrowing costs continued to weigh on both purchase and refinance demand. The Mortgage Bankers Association (MBA) reported a 2.9% decrease in total application volume on a seasonally adjusted basis for the week ending July 31. Purchase applications decreased 4% from the previous week on…
9:19 AM, 7th August 2026, 12 hours ago 15 Labour’s Renters’ Rights Act, which was sold as a tool for ‘levelling the playing field’ for tenants, brought into being the new Private Rented Sector database. Landlords will soon pay to register every property, upload compliance documents and sit on a system that The Lettings Industry…
The family that owns Simon Property Group (SPG), the nation’s largest mall owner, is embroiled in an internal feud over a separate real estate company that controls a portion of the family’s assets. Herbert Simon, co-founder of Indianapolis-based SPG and a majority owner of the NBA’s Indiana Pacers, is suing the family of his…
Trump renews effort to fire Fed’s Cook, continuing attacks on central bank
Stressed retail outflows used to calculate the liquidity coverage ratio (LCR) surged at Indian banks in the second quarter, after a regulatory change increased the run-off rate assumptions for digital deposits. HDFC Bank and ICICI Bank both saw retail deposit outflows jump 31.3%, to two trillion rupees ($20.7 billion) and 1.2 trillion rupees, respectively. For…
Editorial & Advertiser disclosure Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press…
Joo joined the bank in 2006. Credit: Sergei Elagin/ Shutterstock.com. Mike Joo, co-head of global investment banking at Bank of America, is set to leave the bank for an “external opportunity”, according to an internal memo seen by Private Banker International. “We appreciate Mike’s contributions to the firm and his leadership over the years,” the memo read. Access…
Clearstream has taken a major step forward in modernizing global debt markets by completing the first pilot issuance of a dematerialized Eurobond on August 7, 2026. This means the bond was created and recorded entirely in digital form, with no physical paperwork involved. The test transaction was a Euro-Commercial Paper worth 50 million euros. Clearstream…
(Bloomberg) — President Donald Trump has revived his threat to fire Federal Reserve Governor Lisa Cook over unproven allegations of mortgage fraud, according to a letter seen by Bloomberg, a move that could renew a legal fight over the central bank’s independence. Processing Content In a letter dated Wednesday, Cook was told that Trump is…
August 6, 2026 Taurus, a company that builds digital asset technology for banks and other financial firms, has announced a new partnership with MPCH, which runs secure data centers, aimed at making digital asset storage safer for U.S. financial companies. MPCH will set up a special, secure area in its U.S. facilities. This space will…