Citizens Bank parent company Citizens Financial Group learned in a pilot program that its deployment of software tools across its engineering teams is likely to deliver a 10x boost in engineering productivity. That’s one example of the early results the bank is seeing from its technology-focused strategic initiative “Reimagine the Bank,” according to executives’ comments during a Thursday (July…
Key takeaway: The firm’s executives said “Trump accounts” introduce a new generation of investors to State Street Investment Management and “reinforce” the firm’s position in the “growing U.S. wealth market.” Expert quote: “These accounts are designed to make investing simple and accessible, giving children a straightforward opportunity to begin early in life as asset owners.”…
New York City Council approved rezoning plans poised to generate up to 3,250 homes across the five boroughs on Thursday. City lawmakers voted in favor of the Gotham Organization’s Monitor Point rezoning application in Greenpoint, Brooklyn; Proto Property Services’ development at 2950 West 24th Street in Coney Island, Brooklyn; as well as Friedland Properties and…
S&P Global Market Intelligence has introduced ETF Intelligence, a new analytics service designed to give market participants deeper visibility into the rapidly expanding global ETF market. The platform combines proprietary datasets with market insights, covering more than 15,000 ETFs worldwide. The launch comes as the ETF sector continues to grow in scale and complexity. According…
Yes, mortgage interest rates are higher today, but only by a little. The average interest rate on a 30-year, fixed-rate mortgage rose to 6.49% APR, according to rates provided to NerdWallet by Zillow. This is four basis points higher than yesterday and three basis points higher than a week ago. (See our chart below for…
A vast majority of cooling towers in New York City have been out of compliance with city health laws over the past decade, which could complicate the city’s response to its second major Legionnaires’ disease outbreak in as many years. Since 2017, 70% of inspections of the 5,000 registered cooling towers across the five boroughs…
FRP Real Estate Advisory has arranged three financing facilities totalling approximately £1.5 million for property investors operating outside conventional lending criteria, the firm has confirmed. The transactions, completed over recent weeks, comprised land bridging, a secured revolving credit facility, and development-linked bridging finance. Completion times ranged from two to three and a half weeks. Deal…
The Reserve Bank of India (RBI) on Thursday said banks must dispose of immovable assets acquired against bad loans within seven years through a public auctionconducted in accordance with the principles laid down under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act. It also barred banks from…
India’s fintech industry raised $2 billion in the first half of calendar year 2026 (H1 2026) across 106 rounds, a 42 per cent rise from the $1.4 billion raised across 186 rounds in H1 2025, according to data from market intelligence platform Tracxn. Sequentially, funding nearly doubled from $1.1 billion across 120…
National Average Mortgage Rates Rates data is based on a borrower with good credit, a conforming loan amount (at least $200,000 but less than the national conforming loan amount), and a loan-to-value ratio of less than 80% (For purchase loans, this corresponds to a down payment of 20% or more). © Zillow, Inc., 2006-2016. Use…