Chinese owners launch €2.5bn sale of Luxembourg’s oldest bank
Initial bids for Legend Holdings’ 90% stake in Banque Internationale à Luxembourg are due around the month-end
AI influx puts Singapore office rents under pressure
Anthropic and OpenAI taking more space in city’s already squeezed prime property market
Over-80s turn to annuities as rates climb
Growing interest comes amid a rise in larger annuity purchases
AI chatbots give wrong answers to financial queries ‘most of the time’
Report finds some chatbots ignored upcoming tax changes and hallucinated rules
Thirty years of buy-to-let: does it have a future?
Rents and tenant demand are rising, but landlords are under increasing pressure.
Housebuilders aren’t the only ones who benefit from ‘Help to Buy’
A new equity loan scheme could help people get on the property ladder, though the government might struggle to afford it
US homebuilders under pressure from rising rates
Developers worry elevated borrowing costs and broader affordability woes will deter buyers
Warren Buffett’s son to succeed his father as Berkshire Hathaway chair
Conglomerate says the elder Buffett will take on role of chair emeritus
FEDS Paper: Optimal Pooling in Taylor Rule Estimation with Multiple-Horizon Forecast Panels
Edward Herbst and Karen PageMultiple-horizon forecast panels are increasingly used to infer perceived monetary policy rules, but inference depends on how coefficients are pooled across forecasters, dates, and horizons. We treat this pooling structure as the object of inference.
White House attacks Fed official after review of Silicon Valley Bank collapse
New report finds ‘culture of risk aversion’ among banking regulators led to mishandling of weaknesses at tech-heavy lender
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