Economics

Banking

Wells Fargo Sells Most of Its Commercial Real Estate Servicing Business

Photo by NoeHill via CC BY-SA 3.0

Wells Fargo said Tuesday that it will sell most of its commercial mortgage servicing business to Trimont, a global loan services provider.

1 min read

Photo by Andy Feliciotti via Unsplash

Economics

Political Conventions Bring in Less Money Than Promised

The economic impact on host cities of political conventions’ like the DNC and RNC are not quite as advertised

1 min read
Photo by David Iliff via CC BY-SA 3.0

International Economics

The UK’s Higher-Education Sector is Trying to Dodge a Finance Crisis

The UK’s top-notch schools are a premier destination for international students, and education is a big part of the economy.

2 min read
Photo by Daniel Abadia via Unsplash

Real Estate

Mortgage Refinancings Surge as Rates Drop, Inflation Cools

As mortgage rates drop, current homeowners are using the opportunity to refinance their mortgages at the fastest pace since 2022.

2 min read

Real Estate

Apartment Building Loans May Be Just as Bad as Office Building Loans

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Tens of billions of dollars’ worth of apartment building loans and mortgages are at risk of distress as of the end of the second quarter.

2 min read

Personal Finance

US Home Insurers Hit with Worst Underwriting Loss of the Century

Photo by John Middelkoop via Unsplash

The US homeowners insurance segment took a $15.2 billion net underwriting loss last year, the worst loss this century.

1 min read

International Economics

London’s Days as the World’s Money-Laundering Capital May Be Numbered

Photo by Aron Van de Pol via Unsplash

London has been the world’s top spot for money laundering, but that could be changing. Roughly 17% of UK millionaires are leaving.

2 min read

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