The report also revisits what happens when OBSI sides with an investor. When it concludes that a firm acted unfairly, made a mistake or gave poor advice, OBSI can recommend compensation of up to $350,000 – but firms are not bound to pay. The committee reported no outright refusals in the 2025 fiscal year. It did flag four…
Vanguard has today (27 July) announced the launch of its new targeted support service for customers, aimed at helping people take their first step into investing. The firm received regulatory approval to offer targeted support in April 2026. Available via Vanguard’s online UK personal investor platform, the service provides first-time investors with straightforward guidance and…
Key insight: Flex Rent is applying for an ILC charter and FDIC insurance to directly issue its core credit products to consumers. What’s at stake: Fintechs applying for various bank charters could reduce the number of sponsor partnerships with community banks. Expert quote: “The new charters are losses for the banks that have enjoyed profitable…
Sonder is back. Sort of. TravelAI, a Canadian AI travel company, announced Monday it purchased the Sonder brand and relaunched Sonder.com. The deal did not include Sonder properties or its operating business. Sonder, which operated boutique hotels and short-term rentals, filed for bankruptcy and shuttered its operations in November after hotel giant Marriott International abruptly…
The 8th Pay Commission will complete half of its allocated time in August 2026. Since its constitution in November 2025, the Commission has held several consultations across the nation, including Delhi, West Bengal and Odisha. With discussions lined up in August and September, the debate surrounding the possible fitment factor has gathered pace. Prominent unions…
Bank employees work in front of multiple monitors at the Hana Bank dealing room in Seoul, South Korea, on May 12, 2026. Nurphoto | Nurphoto | Getty Images Wall Street tech moves and South Korea’s stock market are becoming increasingly intertwined as artificial intelligence spending binds together the fortunes of U.S. technology giants and Korean…
Many investors diversify their equity mutual fund investments across categories such as flexi cap, large & mid cap, multi cap, and large cap funds. However, investing in different categories does not necessarily mean gaining exposure to a wider set of stocks. A Value Research analysis has found that several equity mutual funds with different investment…
Tidal Real Estate Partners is “waving” hello to the opportunity to convert a Savannah, Ga., multifamily building into a Margaritaville-branded hotel. The New York City development firm just sealed $113 million of bridge debt to recapitalize and repurpose the 2023-built Ann Street Lofts property into the 230-key Margaritaville Hotel Savannah, Commercial Observer has learned SEE…
8th pay commission: The 8th pay commission is conducting multiple state visits and meetings with employee representative groups, unions and stakeholders to gather views ahead of its own recommendations on pay hikes, allowances, salary structure, and other factors. Constituted every 10 years, the panel is expected to announce its final recommendations by mid-2027. Beneficiaries include…
Dario Amodei is clearing the air on open-weight AI models. The Anthropic CEO on Monday pushed back against claims that his AI startup wants Washington to ban open-weight AI models and said that critics have misunderstood the company’s position. “Anyone who has read my past writing should know that I don’t regard such bans as…