Author: Jordan

HSBC UK has reduced mortgage rates by up to 0.16%, benefitting first-time buyers, home-movers and those seeking to remortgage.  In is first-time buyer range, a two-year fixed rate at 60% LTV has reduced by 15bps to 4.32%. The product comes with a £999 fee and £250 cashback, increasing to £600 for energy efficient homes. A two-year fix at 90% LTV has reduced to 0.10% to 4.72% with a £999 fee and a five-year fix at 75% LTV is down to 4.64% with no fee. Both products come with £350 cashback, rising to £700 for energy efficient homes. In…

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The firm has added a new director and promoted several lawyers in its Johannesburg location. DLA Piper has hired Virgin Active Africa lawyer Phila Zulu as a director in its finance practice. He joined the firm’s Johannesburg office on 1 July. Zulu specialises in complex, multijurisdictional finance work, with a focus on debt capital markets, credit derivatives, banking and finance, securitisation and general corporate law. His practice also involves UK, EU and US securities law transactions. He started his career at Deneys Reitz (now Deneys, formerly Norton Rose Fulbright) in 2004 and transferred to White & Case in 2008. He…

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000. Do the math. According to Musk, this technology could be worth $250 trillion by 2040. Put another way, that’s roughly equal to:…

The Mortgage Works cut rates by up to 25bps across selected buy-to-let and limited company buy-to-let switcher products for existing customers, with reductions including a five-year fixed buy-to-let rate lowered 15bps to 4.44% with a £1,495 fee at up to 65% LTV, a two-year fixed buy-to-let rate cut 10bps to 4.89% fee-free at up to 65% LTV, and a two-year fixed limited company buy-to-let rate reduced 20bps to 5.74% fee-free at up to 75% LTV.  Tipton & Coseley Building Society trimmed mortgage rates by up to 14bps across its range, introducing new products including expat buy-to-let mortgages from 5.44% for a two-year discount…

Surat: A private bank-appointed gold valuer and three customers have been booked for allegedly cheating a private bank by securing loans against fake gold jewellery using forged valuation certificates. The fraud, involving loans worth nearly Rs 10 lakh, came to light during an internal audit that found several pledged ornaments to be counterfeit. The complaint was lodged by Premsukh Mali, 32, branch manager of Shivalik Small Finance Bank’s Adajan branch. According to the FIR, the bank appointed Yogesh Soni as its authorised gold valuer a year ago to assess the purity, weight and value of jewellery pledged for gold loans.Police…

Lifetime Home: An alternative to a reverse mortgage Stuff Source link

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000. Do the math. According to Musk, this technology could be worth $250 trillion by 2040. Put another way, that’s roughly equal to:…

Trader sitting in front of screens ©Shutterstock Crowded US positioning may create opportunities abroad Barclays believes the dominance of US equities remains firmly in place, but says market conditions are beginning to favour a gradual shift toward international markets as investor positioning becomes increasingly stretched. Writing on Wednesday, strategist Emmanuel Cau noted that US equity funds attracted approximately $150 billion in June, the largest monthly inflow on record, while non-US markets “remained largely for sale.” The bank added that improved confidence in the US economy and easing concerns over Federal Reserve independence have pushed bullish dollar positioning back to its…

The personal information and property addresses of an estimated 70,000 people have been affected by a data security incident at the Singapore Land Authority (SLA), following unauthorised access to an IBM-managed cloud environment.In a statement on Friday (July 3) afternoon, SLA said the unauthorised access involved a data set created for the purpose of vendor development and testing.The data set, which was created in 1998 and updated periodically over the years, was intended to only contain mock and anonymised testing data based on property ownership and lodgement records.However, it has since been found to contain the names, NRIC numbers, and…