Author: Jordan

Nigerian Equities Index Declines as Investors Lose Buying AppetiteThe Nigerian Exchange (NGX) equities index declined as investors lost appetite for buying, with selloffs putting pressure on four key sectors in the local bourse.Key indicators fell 16 basis points as the market sustained its downward trajectory for the fourth consecutive session, driven by profit-taking, particularly in medium-cap stocks across key market sectors.The All-Share Index fell by -398.18 basis points to close at 242,619.20, while Market capitalisation declined by ₦257.06 billion to close at ₦156.62 trillion.Despite the early-week gain, the overall market posted a negative week-on-week performance, with the NGX-ASI down 1.20%,…

Rates have been reduced by up to 0.20%. Coventry for intermediaries has reduced all fixed rate mortgage deals, with lower options available for new and existing customers. Rates have been reduced by up to 0.20%.Highlights include a 2-year fixed rate to 31.12.2028, up to 90% loan-to-value (LTV) with no fee at 5.17% – available for first-time buyers and comes with £500 cashback. The lender has also cut a 5-year fixed rate to 31.12.2031, up to 75% LTV with £1999 fee to 5.10% – available for limited company buy to let remortgages on properties with an Energy Performance Certificate (EPC) rating…

Rising swap rates and a competitive home loan market are blamed by ASB’s parent Commonwealth Bank of Australia (CBA) for a weaker performance from its NZ subsidiary in the second-half of its financial year versus the first-half. On Wednesday ASB posted a 4% drop in June-year net profit after tax to $1.398 billion, with both expenses and loan impairments rising. In a conference call with CBA’s CEO Matt Comyn and CFO Alan Docherty following the results, Goldman Sachs analyst Brendan Sproules asked what was behind “a turn in the momentum of operating income growth” in the second half-year from the first half-year. ASB’s total…

Financial pressure and AI anxiety are pushing workers to redefine what comes after their primary career. Traditional retirement is fast disappearing Retirement isn’t what it used to be. Though the Baby Boomers (my generation) are outnumbered by Gen Z workers and are exiting the workforce en masse, some of us are still holding on. And though retirement is in our sights, it may not look like we expect. According to new data from Thrivent, 47% of current non-retirees aren’t sure they’ll ever be able to fully retire. More than a third expect to work after retiring from their primary career.…

What a decline actually tells a broker The first step, Stevenson said, is to understand what triggered the refusal. The reasons can be straightforward – adverse credit, deposit amounts recorded incorrectly on the initial application – and the solution correspondingly simple. He described cases where first-time buyers had been declined after stating a 5% deposit on their decision in principle, when in fact they had 10%. That extra 5% could have been enough to ease the credit assessment through. For brokers handling clients who have been turned away by mainstream lenders and are unsure where to turn, identifying the exact…

TORONTO, Aug. 14, 2026 /CNW/ — On August 6, 2026, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) held a hearing pursuant to the Mutual Fund Dealer Rules and accepted a settlement agreement, with sanctions, between Enforcement Staff and Scotia Securities Inc. (Scotia Securities). Scotia Securities admitted it: (a)  failed to implement adequate policies, procedures, and internal supervisory controls to ensure it complied with its reporting and complaint handling obligations, and (b)  failed to implement adequate policies, procedures, and internal supervisory controls to ensure it complied with its complaint handling and supervisory investigations obligations. Pursuant to the settlement…

Coventry for intermediaries has reduced all fixed rate mortgage deals across its residential and buy-to-let mortgage ranges, with lower options available for new and existing customers. Rates have been reduced by up to 20bps.  In its first-time buyer range, highlights include a two-year fixed rate at 5.17%, available up to 90% LTV with no fee and £500 cashback. For buy-to-let, a five-year fixed rate limited company remortgage product has reduced to 5.10%, available up to 75% LTV with a £1,999 fee for properties with an EPC rating of A-C. Ben Williams, corporate account manager at Coventry Building Society,…

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Broadcom Inc. (NASDAQ:AVGO) traded down more than 5% Friday as a new estimate put an enormous number on the debt machine behind the chipmaker’s AI expansion. BofA analyst Tom Curcuruto estimates Broadcom’s chip-financing vehicle could reach $370 billion of senior debt by mid-2029 at a 20-gigawatt scale, including roughly $150 billion of new issuance in 2027 alone, Reuters reported Friday. That does not mean Broadcom itself would owe $370 billion. The financing vehicle would raise the debt, but Broadcom has agreed to backstop…

TALLAHASSEE, Fla. — Amendment 3 has new wording, but the same policy.Attorney General James Uthmeier released a court-ordered rewrite Thursday, 10 days after Leon County Circuit Judge David Frank ruled that the original title and summary were biased, misleading and inaccurate. Property tax amendment: Florida releases court-ordered rewrite First reported by the Tampa Bay Times, the new title, “Increased Homestead Exemption; Lower Cap on Increases in Non-Homestead Property Assessments,” replaces “Save Our Homes From Excessive Property Taxes,” which Frank called more of a political slogan than a neutral description.The rewrite also removes claims that the amendment “benefits” taxpayers, “protects small…

Coventry for intermediaries has announced that it has reduced fixed-rate mortgage deals across its entire range, with cuts of up to 20bps applying to products for both new and existing customers. For landlords using a limited company structure, the lender is offering a 5.10% five-year fixed rate, available until 31 December 2031 at 75% LTV with a £1,999 fee. The product is restricted to remortgages on properties with an EPC rating of A to C, reflecting the growing product focus on energy-efficient stock within the buy-to-let mortgage rates market. On the residential side, a 5.17% two-year fixed rate…