The Bank of England has raised rates for the first time in two years."Against the background of firm growth, limited spare capacity, rapid growth of broad money and credit, and with inflation likely to remain above the target for some while, [policymakers] judged an increase of 0.25 percentage points ... was necessary to bring [consumer price index] inflation back to the target in the medium term," the Bank of England said. The Bank of England last raised rates in August 2004, a move it reversed in August 2005 by lowering them an equal amount (0.25%). The European Central Bank has also raised rates by that amount. The Bank of England and the ECB can be found online at http://www.bankofengland.co.uk and http://www.ecb.int.
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The top five producers had an average dollar loan volume of more than $140 million in 2023.
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The threats to companies loom as borrowers face soaring homeowners insurance costs, ex-Ginnie Mae head Ted Tozer explains.
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After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
April 22 -
The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
April 22 -
The Federal Reserve's Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.
April 22 -
A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
April 22