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FNZ considers sale of FNZ Bank Deutschland- report
Yahoo Finance· 2025-11-26 11:37
FNZ Group is considering selling its German custody banking subsidiary, FNZ Bank Deutschland, for up to €500m ($579m), reported Bloomberg, citing sources familiar with the matter. The London-based digital wealth management firm has engaged advisers to explore a potential sale, though discussions remain at an early stage. FNZ acquired the German business, previously known as ebase, from Commerzbank in 2019 for €154m ($178m). The subsidiary provides platform services, including asset custody, to insurers, ...
HSBC sees S&P 500 hitting 7,500 by end of 2026 with 'more to come' in the AI trade
Yahoo Finance· 2025-11-26 11:00
Group 1 - Wall Street anticipates continued investment in AI, with HSBC projecting the S&P 500 to reach 7,500 by December 2026, indicating confidence in the AI-driven market rally [2][3] - HSBC's forecast suggests a potential 12% gain from current levels, reminiscent of the late 1990s tech boom, driven by an ongoing AI investment boom [3] - The firm recommends broadening the AI trade, suggesting that market rallies can persist despite concerns about a potential AI bubble [3] Group 2 - HSBC expects 2026 to be characterized by a "two-speed economy," highlighting disparities in consumer spending and confidence levels [6][10] - High earners and those with better credit scores are more optimistic and spending more, while low-income earners are more cautious and spending less [7][10] - The current earnings season supports the notion of a K-shaped economy, with premium-focused companies like Delta and Walmart performing well amid consumer pressure [9][10]
McKinsey cuts about 200 tech jobs, shifts more roles to AI
The Economic Times· 2025-11-26 08:25
The company isn’t ruling out additional reductions across different functions over the next two years as it ramps up usage of the technology, according to people familiar with the matter. McKinsey is also closely assessing what tasks can be carried out by Also Read: HP to cut about 6,000 jobs by 2028, ramps up AI effortsGlobal Managing Partner Bob Sternfels has said McKinsey is focused on investing in client-facing roles, while scrutinizing headcount in other areas. The near century-old consultancy has abo ...
上升为国家区域重大战略,成渝地区双城经济圈晋级
Di Yi Cai Jing· 2025-11-26 02:59
不过,过去5年的规划建设,成渝地区双城经济圈在全国全局中的战略重要性已经凸显。上个月发布的 《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》明确提出,高标准高质量推进雄安 新区建设现代化城市,提升成渝地区双城经济圈发展能级。 力争到2030年,更多全国性交易平台在川渝落户 "十五五"时期,成渝地区双城经济圈建设将上升为国家区域重大战略。 11月25日,在中共重庆市委新闻发布会上,重庆市委常委、秘书长、政法委书记,重庆市委新闻发言人 刘尚进介绍,成渝地区双城经济圈建设纳入国家区域重大战略。 此次发布会主要介绍和解读重庆市委六届六次全会精神,而此次全会主要议程是审议通过了《中共重庆 市委关于制定重庆市国民经济和社会发展第十五个五年规划的建议》。 成渝地区双城经济圈是在2020年提出的,当年1月,第十九届中央财经委员会第六次会议作出"推动成渝 地区双城经济圈建设"的重大决策。不过,成渝地区双城经济圈建设并没有列入到"十四五"规划的区域 重大战略中,因此,对于其战略地位也存在一些议论。 "十四五"规划在第九篇"优化区域经济布局 促进区域协调发展"中提出,深入实施区域重大战略、区域 协调发展战略、主体功能区 ...
A December Fed Cut Is in Play Again—But What Would It Really Mean for Mortgage Rates?
Investopedia· 2025-11-26 01:07
Core Insights - Financial markets are currently pricing in an 85% probability of a Federal Reserve rate cut by 25 basis points at the December 10 meeting, a significant shift from previous expectations of a hold [2][4] - The volatility in rate expectations is influenced by the balance the Fed must maintain between persistent inflation and signs of weakness in the job market [3][5] - Mortgage rates, currently at a 13-month low of 6.43%, may not necessarily follow a Fed rate cut due to their dependence on broader market forces rather than directly on the Fed's benchmark rate [7][10][13] Summary by Sections Federal Reserve Rate Cut Expectations - The likelihood of a December rate cut has increased sharply, with market sentiment shifting after comments from a key Fed policymaker [2][4] - The recent government data delays due to a shutdown have contributed to the uncertainty surrounding rate decisions [3] Mortgage Rates Dynamics - Despite the potential Fed cut, mortgage rates are influenced more by the bond market, particularly the 10-year Treasury yield, rather than directly by the Fed's actions [10][11] - Historical trends show that mortgage rates have risen following previous Fed cuts, indicating a disconnect between Fed policy and mortgage rate movements [12] Current Mortgage Rate Landscape - The average 30-year fixed mortgage rate is currently at 6.43%, which is lower than the peak of 7.15% in mid-May, providing some relief for buyers [13] - Forecasts suggest that mortgage rates will remain in the low-6% range through 2025, with only modest decreases expected [14][15]
Commercial credit surges 24% YTD as loans, bonds fuel revival
The Economic Times· 2025-11-26 00:30
Incremental flow of credit to the commercial sector stood at ₹20 lakh crore in the first seven months of FY26 ending October 31, compared with ₹16.23 lakh crore in the same period last year, data published by the This fresh credit comprised ₹11.12 lakh crore of "Data shows revival in business and investment activity. Both bank credit and other domestic sources, especially bonds, have grown at a smart rate," said Madan Sabnavis, chief economist, A detailed analysis of the credit data shows that non-banking ...
Pinnacle and Synovus Receive Federal Bank Regulatory Approval to Combine
Businesswire· 2025-11-26 00:30
Nov 25, 2025 7:30 PM Eastern Standard Time Pinnacle and Synovus Receive Federal Bank Regulatory Approval to Combine Share Merger close anticipated for Jan. 1, 2026 NASHVILLE, Tenn. & COLUMBUS, Ga.--(BUSINESS WIRE)--The proposed combination of Pinnacle Financial Partners (Nasdaq/NGS: PNFP) and Synovus Financial Corp. (NYSE: SNV) has received regulatory approval from the Board of Governors of the Federal Reserve System. With shareholders of each company approving the merger on Nov. 6, 2025, Pinnacle and Synov ...
前10月深圳制造业贷款余额1.67万亿
Nan Fang Du Shi Bao· 2025-11-25 23:09
制图:李斌(即梦AI生成) 11月25日,深圳金融监管局召开新闻发布会,通报2025年1月至10月深圳银行业保险业的运行情况,系 统介绍深圳辖内银行业、保险业在稳外贸、促消费方面的政策落地情况与阶段性成果。南都湾财社记者 现场获悉,作为经济高质量发展的重要支撑,深圳金融的精准发力已显现实效:今年前10个月,深圳市 中资银行新发放外贸企业贷款7635.66亿元,同比增长9.83%;个人消费贷款余额8352.88亿元,同比增 长4.95%。 各项贷款余额9.91万亿 同比增长4.92% 深圳金融监管局统计数据显示,截至2025年10月末,深圳金融监管局监管的银行业资产总额达14.36万 亿元,同比增长4.37%;负债总额13.97万亿元,同比增长4.44%。各项贷款余额9.91万亿元,同比增长 4.92%;各项存款余额10.00万亿元,同比增长4.95%。资产、负债、存贷款规模均稳居全国大中城市第 三位。 保险业同样表现亮眼。前10个月,深圳保险业实现原保险保费收入1910.45亿元,规模位列全国大中城 市第三,同比增长12.20%,增速在一线城市中居首。其中,财产险公司原保险保费收入531.54亿元,同 比增长 ...
Safehold Announces $400 Million Unsecured Term Loan
Prnewswire· 2025-11-25 21:05
Accessibility StatementSkip Navigation NEW YORK, Nov. 25, 2025 /PRNewswire/ -- Safehold Inc. (the "Company" or "Safehold") (NYSE: SAFE) today announced that it has closed on a $400 million unsecured term loan. The new term loan has a fully extended maturity date of November 15, 2030 which includes two twelve-month extension options. Pursuant to the terms of the loan, Safehold's current A3 / A- / A- credit ratings provide for a borrowing rate of SOFR plus 90 basis points. The Company has a SOFR swap at a 3.0 ...
U.S. Treasury reports an October record deficit of $284B
Youtube· 2025-11-25 20:20
And it's a fresh read on the nation's fiscal health. The aforementioned Steve Leeman with those [music] headlines and could probably also talk about the Fed. Steve.Yeah, Brian. Thanks for that introduction. The Treasury uh reporting that the deficit hits an October record of 284 billion, but with a bunch of asterises.I think that's the plural. Expenses were boosted by a calendar change moving some stuff from uh uh into October from November of about $ 105 billion. So that's also an issue, but they were redu ...