Finance
Mountain Point Closes Second $500 Million CLO, Bringing 2026 Issuance to $1 Billion
Mountain Point Credit Management has completed Mountain Point CLO 2, a $500 million collateralized loan obligation arranged by Bank of America. The deal is the firm's second CLO of 2026, following an equally sized issuance in April.
DWP and HMRC send 311,000 follow-up letters over missing pension protection
People whose National Insurance records may be missing Home Responsibilities Protection are being contacted again about possible state pension increases and back payments. The second mailing includes a claim form, with all letters due to be issued by t...
CBDT Grants Conditional Dividend TDS Relief to IFSC Aircraft Lessors From April 1, 2026
India's Central Board of Direct Taxes has removed tax deduction at source on qualifying dividends between aircraft-leasing units in International Financial Services Centres. The notification applies retroactively from April 1, 2026, but recipients must...
Bank of Cyprus raises 2026 return outlook as nine-month profit reaches €383 million
Bank of Cyprus lifted its full-year return on tangible equity guidance to the high teens after reporting €383 million in profit after tax for the first nine months of 2026, a 9% increase from a year earlier.
Ho Chi Minh City approves bond financing channels for infrastructure
Ho Chi Minh City is preparing to sell municipal and project bonds through the Vietnam International Financial Center (VIFC) and broaden its domestic borrowing options to fund infrastructure and urban development. The municipal People's Council approved...
Wealth Advisors Northwest Cuts SPYV Holding by 22.7% in Third Quarter
Wealth Advisors Northwest LLC sold 8,620 shares of the SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the third quarter, reducing its position by 22.7%, according to HoldingsChannel.com. The firm retained 29,407 shares, valued at $1,798,000 in...
DCG Buys $100 Million in Zcash Trust Shares as Grayscale Pursues US ETF
A Digital Currency Group subsidiary completed a roughly $100 million investment in the Grayscale Zcash Trust in September, paying with ZEC tokens. The purchase exceeds the $70 million contributed by all other investors since the trust's 2017 launch, wh...
Evanston alders consider cuts to $100 million capital plan
Evanston alders are weighing which projects to remove from the city's proposed $100 million Capital Improvement Plan, citing rising costs and doubts about how much work the city can complete in 2027. No decisions on cuts emerged from Thursday night's s...
Coinbase Posts $719 Million Q3 Profit, Largely From Crypto Valuation Gain
Coinbase returned to profit in the third quarter of 2026, beating analysts' loss forecast despite a 35% year-over-year revenue decline. A $715 million gain on investment crypto holdings accounted for most of its $719 million net income; excluding that...
India Approves 2025-26 Ad Hoc Bonus of Up to ₹6,908 for Eligible Government Personnel
India's central government has authorized a bonus equivalent to 30 days' emoluments for eligible employees for the 2025-26 financial year, including qualifying Armed Forces and Central Paramilitary Forces personnel. The Ministry of Finance's calculatio...
J.P. Morgan Leads 2016 All-Europe Fixed-Income Research Ranking
J.P. Morgan secured its sixth consecutive win in Institutional Investor's 2016 All-Europe Fixed-Income Research Team ranking, increasing its total to 20 team positions from 14. Bank of America Merrill Lynch finished second overall but led in sector vic...
A Daughter's Tax Question Puts Her Parents' $1.6 Million IRA Strategy Under Review
A retired operations manager, 68, and his wife, 66, pay about $16,000 a year for investment advice on their $1.6 million in traditional IRAs. But a review of their tax returns by their CPA daughter raised a planning question: Should they convert some s...
Financial Institutions Face Growing Pressure to Demonstrate AI Governance and Control
As AI spending in banking approaches $97 billion by 2027, financial institutions must shift from documented policies to enforceable controls with audit-ready evidence, amid tightening global regulatory scrutiny....
South Korea Urged to Reconsider Treasury Bond Strategy as Global Shift Away from Long-Term Debt Accelerates
Experts call for South Korea to reassess its heavy reliance on 30-year bonds and introduce short-term treasury instruments as major economies pivot toward medium- and short-term debt issuance amid changing investor demand and rising interest rates....
Asian Bonds Face Deepening Losses as Oil Prices Stoke Inflation Fears
A global bond selloff intensified in Asian markets as elevated oil prices fueled inflation concerns, pushing Treasury yields to multi-decade highs and reinforcing expectations for continued Federal Reserve rate increases....