Financial services
Pakistan's Oil and Gas Development Company Ltd (OGDC) is expected to recover approximately Rs80 billion from the Uch Power Plant as part of the country's ongoing circular debt resolution for the power sector. The company's CFO, Anas Farook, made this announcement at the Pakistan
Financial services
The relationship between a homebuyer or seller and their real estate agent is built on trust. This trust is founded on the agent's fiduciary duties, which include loyalty, confidentiality, obedience, disclosure, skill, care, and accounting. A brokerage's most sacred responsibility is managing trust accounts, where deposits
Financial services
Monumental Financial Planning, a private wealth advisory practice of Ameriprise Financial Services, LLC, has bolstered its team with the addition of Alan Butler, an Associate Financial Advisor with over 23 years of experience in the financial services industry. Butler joins the firm from Morgan Stanley, where he served for 18
Financial services
Marcus & Millichap, a leading commercial real estate brokerage firm, has announced the sale of Windermere Drive Retail Center, a 10-suite shopping center in Pflugerville, Texas. The transaction highlights the continued strength of the Austin retail market, attracting strong interest from out-of-state investors. The property, located at 15806 Windermere Dr.
Financial services
TaxStatus, a leader in tax data intelligence solutions, has announced the appointment of Eric Clarke and Ric Edelman to its Board of Directors. The move comes as TaxStatus launches new lead generation solutions for advisors, marking a pivotal moment for the company. Clarke and Edelman bring decades of experience in
Financial services
KBRA has reaffirmed the rating for LIAS Administration Fee Issuer LLC's Insurance Administration Fee Asset-Backed Notes, Series 2018-1, citing sufficient credit enhancement to support the affirmed rating. The analysis was based on information as of the July 2025 distribution date, which marked the second quarter 2025 collection period.
Financial services
Nigeria's trust services industry has undergone significant transformation over the past decade, driven by rising financial literacy, stronger regulation, and a growing appetite for structured estate planning. The industry has evolved from a niche segment to a critical pillar of wealth management and corporate finance, with professional trustees
Financial services
RRE 6 Loan Management DAC, a cash flow collateralized loan obligation (CLO) managed by Redding Ridge Asset Management (UK) LLP, will reset its terms, including the stated maturity, non-call period, and note interest rates, following the issuance of new refinancing notes. The CLO, which originally closed in March 2021, will
Financial services
Kenya's banking sector is rapidly digitalizing transactional services, but wealth management remains a largely underdigitized segment. The Central Bank of Kenya's report notes that 98% of financial institutions have adopted mobile platforms to improve customer convenience and operational efficiency. However, wealth management still relies heavily on
Financial services
Rachel Reeves's plans to impose a "mansion tax" on high-value properties could cause the Treasury to lose money and stall the housing market, leading experts have warned. The proposed tax would mean higher-rate taxpayers paying 24% of any gain in the value of their home, while
Financial services
Dynamic Wealth Advisors, the Registered Investment Advisor (RIA) arm of Dynamic Advisor Solutions, has been recognized by Citywire RIA as one of the 50 Growers Across America 2025 in Arizona. This achievement highlights the firm's top position as the state's fastest-growing RIA, with over $6 billion
Financial services
Axi, a leading provider of global financial services, has been recognized for its outstanding performance and commitment to excellence at the 2025 Global Business and Finance Magazine Awards. The company received awards for Best Financial Institution 2025 in the UK, LATAM, and Middle East regions, solidifying its position as a
