Investment bank CICC to acquire rivals as China pushes for consolidation

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China International Capital Corporation (CICC), a prominent investment bank in the country, has said it will acquire two smaller brokerages as part of a government push to create financial giants with global scale.Under the deal, the state-owned CICC was set to absorb…

Mortgage warning as banks pull almost 700 deals as Iran war escalates

Mortgage rates are rising again due to the conflict in Iran and the fears that this could push up UK inflationMortgage deals are being pulled and rates are becoming more expensive(Image: fizkes via Getty Images)Banks and lenders have pulled almost 700 mortgage deals as the Middle East war continues to escalate - with hardly any sub-4% rates remaining, according to…

The average 30-year fixed rate mortgage rate continues to fall

The average rate on a 30-year fixed mortgage fell to 6.19% this week, down from 6.27% the prior week, marking its lowest level in more than a year.The 15-year fixed mortgage rate also declined to 5.44%, from 5.52% a week earlier and 5.71% a year ago.The downward trend in mortgage rates has been driven by softer Treasury yields and increased…

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Your choice: fixed or adjustable-rate mortgage?

Adjustable-rate mortgages got a bad rap after the housing bust.Many homebuyers used…

Ascot eager to ‘encourage investment’ in British racing after announcing record prize-money for 2026

Ascot's prize-money will rise to a record £19.4 million next year in…

Where to buy now ahead of the next property boom

Australia’s next boom regions of 2026 have been revealed as the nation…

KKR heads worker ownership push in Japan

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It will be ‘brilliant’ if AI takes over the shrinking vanilla mortgage market

Mortgage brokers should allow artificial intelligence (AI) to deal with the…

Sales agreed fall 9% annually, two-year fixed rate reaches 5.29%

Colleen Babcock, property expert at Rightmove, called the September rise a "modest…

Commercial landlord Landsec pivots to residential property

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

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