The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding of Boeing Co's (BA) 737 MAX jets following two fatal crashes, insurance executives said this week.
The ratings agency Standard & Poor's on Wednesday downgraded the outlooks for a handful of unlisted yet large German banks amid growing risks to the sector. DekaBank, an important player in the nation's savings bank sector, and DZ Bank, a pillar of Germany's cooperative banks, were among the financial institutions that had their outlooks downgraded to "negative" from "stable".
Federal National Mortgage Association : * FANNIE MAE (FNMA) - FAVORABLE RATE ENVIRONMENT EXPECTED TO SUPPORT INCREASED REFINANCE MORTGAGE ACTIVITY. * FANNIE MAE (FNMA) - GROWING EXPECTATIONS THAT MORTGAGE RATES WILL REMAIN FLAT OR DECLINE ARE REFLECTED IN HPSI'S LATEST READING. * FANNIE MAE (FNMA) - EXPECT HOUSING MARKET ACTIVITY TO REMAIN RELATIVELY STABLE Source text for Eikon: Further company coverage:
The U.S. banking sector reported $62.6 billion in profits for the second quarter of 2019, a 4.1% increase from the year-ago period, according to data from the Federal Deposit Insurance Corporation. The FDIC said the profits were driven by higher net interest income.
A U.S. banking regulator on Thursday said more farmers were falling behind on loans held by community banks compared to a year earlier and that it was watching risks in the agriculture sector. In a quarterly report on the health of U.S. banks, the Federal Deposit Insurance Corporation did not directly refer to the Trump administration's trade war with China which began in 2018.
Federal Home Loan Mortgage Corp : * FREDDIE MAC AUGUST FORECAST: LOW MORTGAGE RATES, STRONG LABOR MARKET FUELING HOUSING MARKET. * DESPITE FEARS OF AN ECONOMIC SLOWDOWN, U.S. LABOR MARKET STANDS FIRM. * FOR FULL YEAR 2019, EXPECT GDP GROWTH OF 2.2%, WITH TRADE TENSIONS LIKELY HAVING A VISIBLE IMPACT ON SECOND HALF OF YEAR.
Federal Home Loan Mortgage Corp: * FREDDIE MAC MULTIFAMILY MIDYEAR OUTLOOK PROJECTS ROBUST RENTAL MARKET, HIGHER ORIGINATION VOLUME. * RENTAL MARKET REMAINS WELL POSITIONED TO ABSORB NEW SUPPLY. * FUNDAMENTALS OF MULTIFAMILY MARKET ARE EXPECTED TO REMAIN STRONG THROUGHOUT REST OF YEAR.
Turkey's finance minister said on Tuesday a loan rate discount from three public banks has lead to a record high demand for mortgage loans over the past two days, giving the construction sector an "anticipated" boost. Three big lenders, Vakifbank, Halkbank and Ziraat Bank had cut their loan rates last week, following the central bank's interest rate cut.
* Asset managers increasingly outsource their trading. * Face heavier regulation burden, rapid tech advances. * Demand for outsourced trading rises after MiFID II. * Niche sector set to grow 20-30% a year - researchers. By Thyagaraju Adinarayan and Helen Reid. It's 10 o'clock at night, and Benjamin Arnold's day is just beginning.
Sentiment in the oil market has shifted dramatically in recent days, with hedge funds, producers and traders all taking a more bearish tack in response to what they see as weakness in worldwide demand. The oil market has struggled to sustain a rally despite supply restrictions that generally would be considered bullish.
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