Gen Z, those individuals born in 1995 or after, increasingly took part in the consumer credit market during the first half of 2019. Approximately 14 million Gen Z consumers were carrying a balance as of Q2 2019, up from 11 million in Q2 2018, according to the report.
Bank stocks swooned Monday as bond yields fell further and unrest continued in Hong Kong. The SPDR S&P Regional
Banking ETF (KRE) was down 1.42% in mid-morning trading, while the SPDR S&P Bank ETF (KBE) lost 1.8%. Invesco's KBW Bank ETF fell 1.8%, and the Financial Select Sector SPDR was down 1.6%.
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.
Roper Technologies, Inc. (ROP), a leading diversified technology company, today announced that it has reached a definitive agreement to acquire iPipeline in an all-cash transaction valued at $1.625 billion. iPipelines cloud-based software delivers award-winning solutions for the life insurance and annuity industries. iPipelines suite of SaaS-based applications provides workflow automation and seaml...
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.
The number of consumers shopping for personal auto insurance is on the rise, driven largely by the youngest generations. Millennial and Gen Z consumers played a large role in this increase as they made up 39% of the consumers shopping for auto insurance in 2018, up from 35% in 2017.
Victor Lange has officially joined Apollo Insurance Solutions Ltd. as Chief Operating Officer, bringing with him over 20 years of industry experience to the nascent insurtech industry.
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.
Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced it has added Blair Wunderlich as a Senior Account Manager and Producer to its DeWitt Stern national fine art practice.
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