Author: Jordan

India’s retail credit market continued its rapid expansion in the quarter ended March 2026, with total retail credit assets under management (AUM) rising 16 per cent year-on-year to Rs 162 lakh crore, while fresh credit originations surged 40 per cent to Rs 29 lakh crore, according to the latest Retail Credit Trends Report by Equifax India.The report highlights a lending landscape marked by strong consumer demand, accelerating secured lending and improving asset quality, with gold loans emerging as the standout performer during the quarter.”India’s retail credit market continues to demonstrate strong momentum, supported by healthy consumer demand and improving portfolio…

Castle Trust Bank is the latest to offer automated valuation models (AVMs) on its buy-to-let (BTL) mortgages, a move that it said will speed up applications and deliver greater certainty for brokers and their clients. Anna Lewis (pictured), commercial director at Castle Trust Bank, said the new AVMs would be available on standard residential properties, including houses and single flats, with a property value of up to £750,000 and a maximum loan to value (LTV) of 65%. She added that by removing the need for a physical valuation on qualifying applications, the new process is designed to reduce delays,…

Is the business secretary, Peter Kyle, suffering from SpaceX fever? It must be something of that sort because his launch this week of a “concierge service” to allow fast-growing companies to navigate Whitehall bureaucracy came with an extraordinary pitch. The new service is “part of his [Kyle’s] quest to nurture the UK’s first trillion-dollar firm”, said the official announcement.One trillion dollars is about £750bn so Kyle’s quest is not a small undertaking when you see that the largest company on the London Stock Exchange, HSBC, is worth £235bn. Arm Holdings, the fast-growing UK chip designer that is listed in the…

The Nasdaq Composite (^IXIC 0.46%) index is down 7.5% from its recent all-time high as I write this, led by sharp declines in many of the semiconductor stocks at the center of the artificial intelligence (AI) revolution. Investors are worried about the sustainability of the AI infrastructure spending boom, but this might be creating an opportunity for investors. Meta Platforms (META +0.76%) is a major buyer of AI chips, but Wall Street might welcome a spending slowdown (if one were to eventuate), because it would allow the company to retain more of the substantial cash flow from its social media…

The Bank of China Hong Kong–Zhuhai–Macau Bridge Half Marathon, Hong Kong’s first platinum label road race, will open the registration process for priority entry on Thursday, before the public ballot begins next Thursday.Scheduled for November 15, the race will again take runners across the Hong Kong section of the bridge, covering the half-marathon distance of 21 km. The start and finish will both be on the Hong Kong Link Road, with the turning point set at the halfway mark.The half-marathon quota will remain at 8,000, the same as last year’s edition, while a 10km race will be introduced with 2,000…

Could Cryptocurrency Play a Bigger Role in U.S. Gambling? SportsBoom US Source link

As you will recall if you read this article, Nomura announced its bonuses last month. Some people there were paid “beyond expectations.” Some were not. Some have been leaving. 💥Follow us on WhatsApp for news alerts.💥We understand that around five people have left Nomura’s trading business in recent weeks. But we also understand that at least two people have arrived.Nomura declined to comment for this article but we understand that the departures include: Sergey Smallkov, an emerging markets STIR trader in London; Kentaro Seki, a senior rates trader in Tokyo and Christopher Killoran, a junior rates trader in Sydney. An executive…

Travel credit cards often get the spotlight for helping cardholders earn points and miles toward future trips. But you’re not limited to only a credit card when you want to rack up travel rewards.In fact, with the right savings account or debit card, you can earn airline miles, hotel points and other perks while still managing your everyday finances.Earn airline miles, travel rewards with a bank accountExplore checking and savings options built to help your money go further.Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent availability.Sign-up bonus…

Pictet’s Doc Horn outlines how disciplined portfolio positioning, selective alpha opportunities and diversified hedge fund allocations can help investors navigate an increasingly uncertain market environment. Over the next 12 months, Doc Horn, Head of the Total Return Equities Fund at Pictet Asset Management, believes the fund’s success will largely depend on how effectively it allocates capital between offensive and defensive opportunities across its 15–20 internal teams. “The macro shocks that we have been experiencing have increased the opportunity set for our active managers to exploit inefficiencies as they emerge. However, avoiding large drawdowns is critical in uncertain times.” As head of…

Group earmarks W5tr for debt relief, financing support for vulnerable borrowers, small businesses Shinhan Financial Group Chairman Jin Ok-dong (Shinhan Financial Group) Shinhan Financial Group said Wednesday it will write off 500 billion won ($328 million) in delinquent debt this year and provide 4.5 trillion won in financing for vulnerable borrowers and small businesses as part of a 5 trillion won social finance initiative.The group unveiled its “Inclusive Finance 2.0 ON” program at a meeting of its Productive Finance Task Force in Seoul, positioning the plan as a broader effort to reduce financial blind spots and strengthen support for economically…