High prices, hesitant demand weigh on June new home sales

Trump Accounts, the federal savings program that deposits $1,000 into accounts for eligible newborns, went live on July 4. For US brokers, the launch opens a new pool of long-term retirement money, and a fresh contest over who gets to hold it. The accounts are custodial traditional IRAs for children under 18, created under the…

On July 21, Defiance launched the Defiance AI Hyperscale Leaders ETF (AIHY), with an expense ratio of 76 basis points. The fund provides actively managed exposure to the companies that are leaders in enabling, developing, or benefiting from artificial intelligence growth. AIHY targets companies that focus on scaling profitability from AI development, rather than those…

Floored: Basel III rethink upsets IRB dominance – Risk.net Skip to main content End of drawer navigation content Introduction of output floor means internal ratings’ popularity takes a hit, but isn’t quite out for the count For years, banks in the European Union have relied on credit risk models to calculate the bulk of their…

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News release UK financial firms can adopt tokenisation and distributed ledger technology (DLT) with greater confidence, as the Financial Conduct Authority (FCA) and the Bank of England set out a shared vision and seek industry views on the future of UK wholesale markets.   Tokenisation is the process of creating a digital representation of a…