Author: Jordan

Mortgage and refinance interest rates today, Friday, July 10: Rates are mixed today, mostly higher Yahoo Finance Source link

Feb 26 (Reuters) – Indian lender Yes Bank said on ‌Thursday that it had ‌detected unauthorised transactions in its multi-currency ​prepaid forex cards. Here are some details: * Unauthorised transactions worth about $280,000 wereapproved on behalf of 5,000 ‌customers on ⁠February 24, accordingto an internal investigation by the ⁠bank. * The payments were routed through 15 merchants in ​a LatinAmerican ​country ​that does not ‌mandate two-factor authenticationfor e-commerce transactions. * The bank said it blocked 688 attempted transactions,preventing losses of roughly $100,000. * Yes Bank has ‌restricted e-commerce transactionsoriginating ​from the country ​involved. * The ​lender, which issues ‌the cards…

Leaving a job as a trader in a bank for a job as a portfolio manager with a hedge fund can be a risk. Ask those who have walked the path and encountered a cliff edge drop, sometimes through no fault of their own. At the level of the individual portfolio manager, hedge fund career security depends mostly, but not exclusively, on individual P&L. Funds like Millennium famously operate a system in which if you lose 5% of the money allocated to you, your capital allocation will be halved. If you lose 7.5%, you will be out. 💥Follow us on WhatsApp for…

GB Bank’s new simplified core buy-to-let range is now available on Iress’ Xplan mortgage sourcing system. The move means intermediaries using Xplan can now source GB Bank’s recently launched range, which has been designed to give brokers clearer product options whilst retaining the bank’s ability to consider more complex borrower profiles, assets and ownership structures. GB Bank’s core buy-to-let range includes two, three and five-year fixed rates, with LTV options available between 65% and 75%. Rates start from 4.94%, with loans available from £500,000 to £3 million, and a 0.75% procuration fee payable to brokers. Affordability is assessed…

Real estate is not always a glamorous job. Despite all the home showcases that trend online, Nicole (@realestateboss) told TikTok about a dangerous encounter she supposedly had in northern Nevada. Nicole advised realtors, especially female realtors, to listen to their gut and to remain vigilant when meeting a new client. As a real estate agent, Nicole was used to talking to leads and meeting potential clients. She got a message from a man who wanted to sell his property, so Nicole did what she usually does—get him on a buyer’s call and set up a showdate. Nicole said that as…

Hedge funds posted a third consecutive month of gains in June, according to HFR, as record equity markets, continued strength in AI-related stocks and an active mergers and IPO market supported industry performance. The HFRI Fund Weighted Composite Index (FWC) rose 0.4% during the month, taking second-quarter returns to 6.55% and first-half gains to 7.6% – the industry’s strongest start to a year since 2021. Equity Hedge strategies led performance, with the HFRI Equity Hedge Index rising 1.3%. Technology and healthcare managers were the strongest performers, while event-driven funds also advanced as M&A activity and major IPOs created opportunities. Relative…

Mediobanca (ISIN IT0000062957) is an Italian financial group listed on the Milan stock exchange whose stock reflects a diversified banking and financial services model that combines corporate and investment banking, consumer finance, and an expanding wealth management franchise aimed at generating recurring fee income. The group’s strategic emphasis on advisory services and asset management has become a key pillar in its efforts to deliver more stable profitability across cycles, complementing historically strong positions in corporate lending and structured finance.Strategic positioning of Mediobanca stockMediobanca stock represents exposure to a bank that has traditionally played a central role in Italy’s corporate finance…

Foundation has refreshed its buy-to-let rates, reducing pricing by up to 0.25% across a wide range of mortgage products while lowering its minimum property value to £70,000. The intermediary-only specialist lender announced the changes on 8 July as part of one of its largest buy-to-let range updates this year, aiming to strengthen its offering for landlords across both mainstream and specialist markets. Alongside the lower buy-to-let rates, Foundation has updated its lending criteria to give brokers greater flexibility when arranging finance for landlord clients. The lender said the changes are intended to broaden access to specialist lending across…

Joakim Hannisdahl’s hedge fund gains from betting on crude tankers and VLGCs TradeWinds News Source link

Digital payment infrastructure is transforming Nigeria’s food service industry by improving transaction efficiency, expanding access to financial services and helping businesses operate more effectively, according to a new report by fintech company Moniepoint.   The report, titled What It Takes to Feed Nigeria Every Day: The Payment Story Behind Its Food Service Industry, examines how digital payments, business management tools and data-driven financial services have reshaped the country’s food service sector over the past four decades. According to the study, the adoption of real-time digital payment systems has helped move the industry away from a predominantly cash-based model into a…