Virtu Financial, Inc. (NYSE: VIRT) has released preliminary estimated results for the second quarter of 2026, revealing solid financial performance as the global market maker and financial services technology provider moves to raise additional debt financing. The New York based firm expects net income of $285 million for the quarter ended June 30, 2026, with…
The Consumer Price Index came in FAR below expectations with a core reading of 0.0 vs 0.2 forecasts. In unrounded terms, it was -0.17%. Headline CPI was more sharply negative than expected at -0.4 vs a -0.1 forecast. Supercore (which excludes housing) was down -0.2 which is the first negative reading in over a year….
Bank loan credit risk pooling: risk diversification versus the moral hazard problem – Journal of Credit Risk Skip to main content End of drawer navigation content Banks can reduce their exposure to credit risk with credit risk pooling. Credit risk pooling results in a trade-off between risk diversification and moral hazard. A nonlinear risk sharing…
The most valuable hires, according to Ramp cofounder and CEO Eric Glyman, aren’t the ones with the lengthiest or most impressive résumés. They’re the ones not even in the job market yet. Glyman’s hiring philosophy runs against the standard corporate playbook of a litany of credentials, crazy connections, and elite college degrees. He’s after what…
More than 96% of investors expect Andy Burnham to raise taxes over the next year, a new poll has found. The latest survey by Wealth Club carried out this month reveals that almost 53% of investors believe taxes will definitely rise and more than 43% say they will probably increase over the next 12 months…
MPs have warned that the government’s plan for tackling financial exclusion is “far from the finished product” and that industry voices may have held too much sway at the expense of consumer groups. Members of the Treasury Committee say the Financial Inclusion Strategy is a welcome first step, but it is incomplete and lacks vital information on…
With its lilac and sage-green color scheme, white marble, and gold accents — very millennial-coded — the atmosphere in my hotel room felt light and airy. Lamps added warmth to the space, while crystal knobs sparkled from the custom-made console and nightstands. “We wanted the casino to be exciting, we wanted the hallway to feel…
Hyperliquid is one of crypto’s fastest-growing trading venues and the leading decentralized perpetual futures exchange. The platform processed more than $150 billion in trading volume in July alone, while its volume relative to Binance climbed to 11.5%, underscoring its growing share of the derivatives market. USDC balances on Hyperliquid have swelled to roughly $6 billion,…
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Tuesday urged banks to leverage advanced technology, including artificial intelligence (AI), to reduce costs, improve operational efficiency and strengthen customer experience while ensuring cybersecurity. During the RBI’s half-yearly meetings with the managing directors (MDs) and chief executive officers (CEOs) of public sector banks…
LSL Financial Services has appointed Piotr Nowosad as interim managing director. Nowosad (pictured) will lead the firm’s financial services division, with responsibility for Primis, TMA Mortgage Club, Novium and Linear, while the LSL board looks for a permanent managing director. He was formerly managing director of AEL Capital Partners. Nowosad will spend his first weeks…