News release The Bank of England has today published its policy statement and draft Code of Practice (rules) for systemic stablecoin issuers, marking a key milestone in establishing the UK’s stablecoin regime. The framework supports safe innovation, enabling UK issued stablecoins to develop as trusted forms of digital money. Alongside other innovations in money and…
CIRO’s president and CEO, Andrew Kriegler, welcomed the organization’s expanded role overseeing mutual fund representatives in the province. “We are honoured to expand our involvement in the regulatory oversight of mutual fund representatives in Québec. With today’s announcement, we have created greater regulatory clarity and a single point-of-contact for mutual fund dealers and their representatives,…
Cushman & Wakefield and Newmark announced that their respective Equity, Debt & Structured Finance teams advised Rithm Capital in securing $515 million in fixed-rate financing for 31 W. 52nd St., a 29-story, 785,000-square-foot office tower in Midtown Manhattan. The Cushman & Wakefield team of Gideon Gil, Zach Kraft and Cecelia Galligan co-brokered the financing alongside…
In recent trading, shares of Skyward Specialty Insurance Group Inc (Symbol: SKWD) have crossed above the average analyst 12-month target price of $33.28, changing hands for $33.40/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a…
Non-banking financial companies raised more than Rs 7,260 crore through corporate bond issuances on Monday, led by Tata Capital, Bajaj Housing Finance and Jio Credit, while the primary market pipeline remained active, with the Small Industries Development Bank of India (SIDBI) announcing plans to raise up to Rs 8,000 crore through bonds on Wednesday….
Mortgage application activity was essentially unchanged last week, as a modest increase in purchase demand offset a slight decline in refinancing. The Mortgage Bankers Association (MBA) reported a 0.04% increase in total application volume on a seasonally adjusted basis for the week ending June 26. Purchase activity provided the week’s modest support. The seasonally adjusted…
The proposals also address disclosures where firms charge fees or pay interest on client cash. Credit: Vitalii Vodolazskyi/ Shutterstock.com. The Financial Conduct Authority (FCA) in the UK has opened a consultation on plans to change how investment costs are explained to retail customers. It issued a parallel warning to firms, emphasising that consumer-facing material should…
Burrill has worked in senior finance roles for more than three decades across Germany, the UK and the US. Credit: Taljat David/ Shutterstock.com. Julius Baer Group has named Peter Burrill as chief financial officer (CFO) and executive board member, replacing Evie Kostakis. Burrill will take on the new responsibility on 17 August 2026, pending final regulatory clearance. Access deeper industry intelligence Experience unmatched clarity with…
Link for teaser title: https://www.wisebread.com/is-the-new-bofa-rewards-program-worth-joining The new BofA Rewards loyalty program is more than worth it. There is no enrollment fee and you’re basically getting rewards for free. Here’s how each tier stacks up by required balance, benefits, and value.