Finance of America plans more cuts after big losses in Q2

Finance of America’s losses deepened in the second quarter as spread widening intensified, impacting even loan segments that were previously insulated from it, and outpacing gains in areas like servicing advisory services. The company reported a loss of $168 million. It took net losses of $64 million in the first quarter and $15 million a … Read more

We exposed exaggerated claims by developed nations on climate finance: Govt

India has been taking the lead in raising the issue of climate finance and its efforts have exposed exaggerated claims by developed countries that the goal of mobilising USD 100 billion per year to help developing countries is close to being met, the government has said. At the 15th Conference of Parties … Read more

bajaj finance stock target: What is fueling a rally in Bajaj Finance post Q1? Here’s what brokerages say

rallied more than 9 per cent in the morning trade on Thursday, a day after this NBFC company reported a 159 per cent year-on-year (YoY) growth in the net profit for the quarter ended June 2022. Brokerage firms upgraded the stock post-June quarter results on strong loan growth and improvement in net interest margins (NIMs). … Read more

Dolly Khanna Portfolio stocks: Bottom fishing? Down 75% from IPO price, Dolly Khanna picked stake in this small finance bank in Q1

During the June 2022 quarter, seasoned investor Dolly Khanna added to her portfolio. The stock is currently trading 75 per cent below its issue price. Suryoday Small Finance Bank had listed on bourses in 2021. According to the latest shareholding data, Dolly Khanna held 12,27,986 equity shares or a 1.16 per cent stake in the … Read more

ASTL and FIBA to launch 10-part digital property finance course

The Financial Intermediary & Broker Association and Association of Short Term Mortgage Lenders have confirmed the structure of their commercial property finance education programme, to be launched later this year. FIBA and the ASTL say they are working with the London Institute of Banking & Finance on a series of optional e-learning modules that will … Read more

Rocket offers borrowers access to rebranded personal finance app

Rocket Companies has announced that it’s providing its 2.6 million mortgage servicing customers with free premium access to its recently acquired personal finance software, which will be rebranded as Rocket Money. In addition, 3.4 million members using the former TrueBill software, which will be officially renamed late next month, will be able to opt in, … Read more

New UK Finance Minister Targets Flexibility of Post-Brexit Financial Regs, Solvency II

Britain’s government must focus on sound public finances and avoid further fueling inflation by pumping up demand, new finance minister Nadhim Zahawi is due to say in his first major speech on Tuesday. Zahawi will address the City of London’s annual Mansion House dinner, where he is set to confirm a post-Brexit reworking of financial … Read more

aavas financiers share price: Can Aavas Financiers be a long-term play on growing housing finance industry?

The expansion of the housing market will considerably impact the country as a whole because the real estate or housing industry, in particular, is connected with numerous sectors. Synopsis The home loan market in India is estimated at around $300 billion. This represents a mortgage to GDP ratio of 11%, which is relatively low compared … Read more

G-20 Finance Chiefs Blame Russia as Path to Soft Landing Narrows

Breadcrumb Trail Links PMN Business Finance chiefs from the world’s biggest economies lined up to blame Russia for the global inflation wave and sharply deteriorating growth outlook. Author of the article: Bloomberg News Michelle Jamrisko Publishing date: Jul 17, 2022  •  30 minutes ago  •  3 minute read  •  Join the conversation Article content (Bloomberg) — … Read more