About 17% of the Scottish work force is employed by the housing, construction, and finance industries, according to a study released Oct. 25 at the Council of Mortgage Lenders-Scotland conference in Edinburgh.Commenting on the research, CML policy consultant Kennedy Foster said, "The finance and construction sectors make a major contribution to the Scottish economy, but there are challenges for both the private and social housing sectors, including housing underinvestment and regional imbalances. Investment is needed in financial services to ensure the industry remains competitive in an increasingly global market." The CML can be found on the Web at http://www.cml.org.uk.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
April 19 -
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
April 19 -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
April 19 -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
April 19 -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
April 19 -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18