Basel III proposals could fuel further nonbank dominance instead of banks’ mortgage comeback

(RTTNews) – Meta Platforms Inc. (META) announced late Wednesday that it will invest more than C$13 billion Canada to build the first data center in the country, which will be optimized for its AI workloads. The company is breaking ground on the new 1GW, AI-optimized data center in Sturgeon County, Alberta to help power AI…

Global shipping company Maersk signed a full-building lease in a small town outside Worcester as the Massachusetts industrial sector continues to improve. A Maersk shipping container The Denmark-based firm signed a 617K SF lease at GFI Partners’ 75 Plain St. in Hopedale, according to Cushman & Wakefield, which brokered the deal on behalf of the landlord. Cushman &…

Estate-planning attorneys often hear some version of the same request: “We just want something simple.” The request makes sense. Clients can feel overwhelmed by legal terminology, tax rules, fiduciary structures, family dynamics and the emotional weight of planning for death, disability, divorce or beneficiary vulnerability. They may also worry that complexity means higher fees, more…

It remains an open question how transparent and forward-looking the Federal Reserve will be during Kevin Warsh’s tenure as central bank chairman. Warsh, who was officially sworn in as the top Fed official on May 22, has made no secret of his disdain for forward guidance. He declined to submit a projection to the Fed’s…

News release Today marks a major milestone in the modernisation of the UK’s payments landscape, with the Retail Payments Infrastructure Board (RPIB) launching a consultation on the future design of the UK’s next-generation retail payments infrastructure. The new infrastructure will provide a secure foundation for innovation, greater choice and more seamless payments, while supporting existing…