News release Financial mutuals play an important role in the UK financial services sector, and the PRA is committed to supporting their long-term, sustainable growth and ability to compete effectively alongside other firms. In the PRA/FCA Mutuals Landscape Report, the PRA highlighted its plan to provide guidance on the Part VIII transfer process. The proposed changes […]
Commodity Catchup: How To Protect Against Inflation, Own It
More than 80% of tenants support the introduction of rent controls as Prime Minister Andy Burnham considers reform of the rental market, according to new survey data. A survey of 5,607 tenants conducted by SpareRoom this month revealed widespread backing for the policy, though industry bodies and lettings professionals have warned the measure could reduce […]
Macquarie Names Three New Additions to India Best Ideas List
Augustus, formerly known as Ivy, raised $180 million in a Series B funding round to support its offering that gives financial institutions around the world direct access to dollar accounts and rails through a federally chartered bank. The company will use the new funding to continue serving FinTechs and banks in Latin America, Southeast Asia, […]
Resorts World New York City on Tuesday opened the first floor of its commercial casino, adding 1,400 slot machines less than three months after the new facility became the city’s first full-fledged casino. The move, which brings the number of slot machines onsite to 3,900, is expected to significantly increase gross gaming revenue and commensurate taxes to […]
Shares of SBI Funds Management witnessed profit booking on Wednesday, falling 3% to Rs 590 during the trading session. The decline came a day after the asset management company made an impressive debut on Dalal Street, with its shares listing at a 6.85% premium above the issue price at Rs 613.30 apiece on the NSE. […]
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Upstart’s (UPST +1.56%) business has come a long way in recent years. The fintech stock was one of the biggest losers in the post-pandemic bear market as its profits evaporated in 2022, but since then, it has regrouped, returned to generally accepted accounting principles (GAAP) profitability, and delivered strong growth. However, that hasn’t been enough […]
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