Author: Jordan

The Financial Conduct Authority (FCA), the UK’s conduct regulator for financial services firms and markets, has proposed scrapping mandatory TCFD-based product-level climate disclosures for investment firms, replacing them with a simplified framework that would save the industry an estimated £20m per year.According to ESG Today, the regulator’s plan would remove existing product-level reporting requirements tied to the Taskforce on Climate-related Financial Disclosures recommendations and introduce two separate obligations in their place.Retail investors would receive more accessible, periodic disclosures focusing on whether climate risks could materially affect the financial performance of a product, embedded within general risk and returns communications. Institutional…

Mücahithan Avcıoğlu09 June 2026•Update: 10 June 2026US stocks ended mostly lower Tuesday as a rebound in semiconductor shares lost momentum, pulling down the S&P 500 and Nasdaq, while easing oil prices supported some cyclical sectors.The S&P 500 fell 0.26%, or 19.08 points to end the day at 7,386.65, while the tech-heavy Nasdaq Composite lost 0.97%, or 250.84 points to 25,678.82.The Dow Jones Industrial Average, on the other hand, rose 0.17%. points, or 86.10 points to close at 50,872.11.The Volatility Index (VIX), often referred to as the market’s “fear index,” climbed 5.02% to 19.87.Chip stocks resumed declines after Monday’s brief recovery.…

QUICK HITS JKSD made two loans to Jaymor – $250,000 and $125,000. Security was personal guarantee of Jaymor’s principal or a fourth mortgage’s registration against property. Jaymor defaulted on both loans. No fourth mortgage was registered on property, partly because Jaymor refused to execute authorization. First, the judge decided appellants didn’t have equitable fourth mortgage and lender’s remedy was to sue. Court of Appeal determined judge erred in finding terms of agreement uncertain as subsequent promissory note stated fourth mortgage would be registered on property in event of default.   In Greenspan v. Van Clieaf, the appellants, Greenspan and her…

This is the countdown to launch that tops them all. The SpaceX IPO is set for tomorrow, Friday, June 12, and hopeful investors are anxious to grab a share of what will likely be the largest stock debut in history. Meanwhile, Anthropic and OpenAI are busily preparing for their own public stock introductions. Want a last-minute shot at buying some of the 555 million shares being offered in the SpaceX IPO? Here’s how the process works. Read more: How to buy SpaceX before the IPO The SpaceX IPO: How to get in at the last minute You may have heard…

The wealth management industry is at a crossroads. Years of layering modern technologies atop legacy systems have created a paradox: more tools, less connection. Advisors are juggling disparate systems, creating friction instead of efficiency.

The cost of void periods between tenancies has increased by 12.9% year-on-year, rising from £1,005 to £1,135, according to research by property management firm Rushbrook & Rathbone. The analysis, which used ONS rental data and average void period figures supplied by Goodlord, found that the average void period in England currently stands at 24 days. The increase comes at a time when landlords are facing mounting operational pressures across the rental sector. Regional variations The West Midlands recorded the largest increase, with void costs climbing 52.9% during the past year. London registered the highest overall cost at £1,252 per void…

Gold (XAU) and silver (XAG) prices turned positive after optimism of a US-Iran peace deal that pushed the US dollar lower. The two sides could sign an agreement as early as the weekend, President Donald Trump said. This agreement could help to ease the closure of the Strait of Hormuz and ease some of the tension in energy markets. But gold also had solid demand as XAU/USD jumped 3.42% to approach $4,220 on Thursday. The drop in U.S. dollar also supported the rally in gold and silver prices. The index was down to 99.58 which pushed the spot gold to…

Britain’s economy contracted last month for the first time in eight months amid signs that the Iran war is beginning to take its toll on some sectors. The Office for National Statistics (ONS) said gross domestic product (GDP) declined by 0.1% in April in a sharp pull back from growth of 0.3% in March and 0.4% in February. The decline was driven by a 0.2% fall in services, which was partially offset by a 0.1% rise in construction and 0.4% growth in manufacturing. In the three months to April, GDP grew by 0.7%, according to the ONS. Liz McKeown, ONS…

The Mortgage Works is from tomorrow (Wednesday 29 April) cutting rates for existing customers by up to 0.20 percentage points across its buy-to-let and Houses in Multiple Occupation (HMO) ranges. In addition, selected two and five-year fixed rate products up to 75 per cent Loan-to-Value (LTV) for new customers will be reduced by up to 0.10% across the limited company buy-to-let range. The existing customer switcher rate cuts tomorrow include: Two-year fixed rate buy-to-let mortgage at 3.59% (reduced by 0.20%) with a 3% fee, available up to 65% LTV. Two-year fixed rate buy-to-let mortgage at 4.77% (reduced by 0.12%) with…

India’s largest non-state bank HDFC has alerted its customers to refrain from swiping credit, debit and forex cards to buy stocks, float companies and own properties abroad.In recent times, many resident individuals, banking with various financial institutions, have used cards to carry out such international capital account transactions — oblivious that they were violating foreign exchange and banking rules. Some probably did it consciously to dodge the tax collected at source (TCS) or sidestep restrictions on overseas forex remittance.The bank, in a customer mailer this week, has unambiguously stated that “as per regulatory guidelines capital account transactions outside India are…