- Regulators must step in to protect crypto investors after the collapse of FTX, financial industry executives and lawmakers said at the Reuters NEXT conference this week, the latest call for tougher oversight of a sector prone to meltdowns.
Risks to the stability of China's financial system are rising on continued sluggishness in its property sector and an economic slowdown, making smaller banks more vulnerable, rating agency Moody's said on Friday. China's property sector has slowed sharply this year after Beijing's efforts reined in excessive borrowing by developers.
Britain's 'highly concentrated' consumer credit ratings market used for obtaining loans is not working well, and a new industry body to help improve the quality of scores is needed, the Financial Conduct Authority said on Tuesday. Experian (EXPGF), Equifax (EFX) and TransUnion (TRU) make up almost all of the Britain's 800 million pound credit reference agencies sector.
The cryptocurrency industry events of the last few days highlight the risks in the industry of co-mingling of intermediary functions, the chair of the U.S. Securities and Exchange Commission said on Wednesday. "In our tie-tested public policy, we separate out these functions," SEC Chair Gary Gensler said in remarks at a Healthy Markets Association event.
- The average interest rate on the most popular U.S. home loan rose to its highest level since 2001 as tightening financial conditions weigh on the housing sector, data from the Mortgage Bankers Association showed on Wednesday.
Foxo Technologies Inc (FOXO): * FOXO TECHNOLOGIES ANNOUNCES FIRST DISTRIBUTION PARTNER AND BEGINS PRODUCT ROLLOUT IN CALIFORNIA; EXPANDS EXECUTIVE TEAM WITH INSURANCE INDUSTRY TALENT Source text for Eikon: Further company coverage:
The Bank of England has intervened multiple times in the UK government bond market in the last fortnight to rein in gilt yields, which rocketed after Britain unveiled a welter of tax cuts to be funded by borrowing on markets. It shone a light on a little-known but ballooning segment of Britain's pensions sector - liability-driven investment or LDI. WHAT IS LDI? A moneyspinner for asset managers.
- The average interest rate on the most popular U.S. home loan rose to its highest level since 2006 as the housing sector continued to bear the brunt of tightening financial conditions, data from the Mortgage Bankers Association showed on Wednesday.
The average interest rate on the most popular U.S. home loan rose to its highest level since 2006 as the housing sector continued to bear the brunt of tightening financial conditions, data from the Mortgage Bankers Association showed on Wednesday.
The Bank of England intervened in the UK government bond market to rein in gilt yields, which rocketed after Britain unveiled a welter of tax cuts to be funded by borrowing on markets. It shone a light on a little-known corner of Britain's pensions sector - liability-driven investment or LDI. WHAT IS LDI? A moneyspinner for asset managers.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required