These are tough times for central bankers. As they tighten monetary policy to combat inflation, governments in the U.S., U.K. and EU spend too much, and supply-side problems are becoming Read more
Mortgage bankers expect rates to drop to 5.4% in 2023. What will home prices do?
NASHVILLE, Tenn. — High mortgage rates and recession fears are hurting home prices, so expect growth to be flat this year, one expert says. “Our forecast is for home-price growth Read more
New U.K. Chancellor Kwarteng reportedly wants to scrap the cap on bankers’ bonuses
Kwasi Kwarteng, the new Chancellor, is reportedly looking to get rid of the cap on banker bonuses, which was brought in after the global financial crash in 2014, according to Read more
Merger Monday brings fresh hope to investment bankers facing talk of head count reductions
A flurry of merger deals on Monday marked a bullish sign amid talk of lower bonuses and potential layoffs awaiting investment bankers on Wall Street. The deal parade of more Read more