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...Investment trusts are publicly listed companies, with four of them, including the £12.1bn Scottish Mortgage Investment Trust, in the FTSE 100....
...UK private landlords typically have interest-only mortgages. That exposes them to steeper cost increases on refinancing than owner-occupiers when rates rise....
...“We have a variety of mutual funds that offer mortgage exposure, but our ETF suite does not include a mortgage-focused strategy....
...Net demand for investment trusts on platforms such as Transact, Fidelity Adviser Solutions, M&G and 7IM was negative for the first time since records started in 2011, with sales exceeding purchases by £53mn...
...Others have cut fees, closed or merged their funds, including the £1.2bn consolidation agreed by Fidelity and Abrdn last year....
...Long-term mortgages: Rising mortgage rates have been a big contributor to the UK’s cost of living crisis. Can long-term mortgages, a norm in the US, help solve the country’s housing crunch?...
...The emergence of Elliott as an investor comes a week after Scottish Mortgage announced a £1bn share buyback in a bid to support its own stock....
...“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!”...
...Some $117bn in commercial mortgages tied to US offices will come due this year, according to data from the Mortgage Bankers Association, part of a wall of looming maturities that is contributing to expectations...
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...The Dutch fund house owned by Japan’s Orix Corporation has announced that Nick King will lead its ETF market entry as head of ETFs from October....
...“People definitely mistake the UK market for the UK economy,” says Alex Wright, manager of the £3bn Fidelity Special Situations fund....
...Smart reads Fidelity firings A decade into her reign, Fidelity’s Abby Johnson is reasserting control over the US fund giant’s London outpost. Heads are rolling, Bloomberg reports....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...In her recent opinion piece in the Financial Times, Sheila Bair, the former chair of the US Federal Deposit Insurance Corporation, who is now a senior adviser to the Systemic Risk Council, argues that “derivatives...
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
...Data from the Federal Deposit Insurance Corporation shows it remained at a rate of just 1.5 per cent at the end of the third quarter....
...Last year, debt-distressed Egypt released two yen-denominated Samurai bonds with the Africa Finance Corporation as a guarantor....
...The transaction with Aurora Acquisition Corporation is backed by SoftBank, the Japanese conglomerate, and Icelandic billionaire Thor Björgólfsson....
...There are $117bn of commercial mortgages tied to offices which either need to be repaid or refinanced in 2024, according to data from the Mortgage Bankers Association....
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...A plan by the UK-headquartered group to retain staff through so-called special capital should attract income tax rather than the lower-rate corporation tax as the firm intended, the court in London has ruled...
...Fidelity has the lions’ share, with $500bn of the total....
...The number of people blacklisted for missing payments on everything from mortgages to business loans has risen to a record 8.54mn, from 5.7mn in early 2020....
...It was the 2008 subprime mortgage crisis that inspired my book Princess Persephone Loses the Castle....
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