Brokers

Bank of England: Mortgage Brokers Amplified the Pain of Rate Hikes

3 months ago

The Bank of England recently issued a stark warning regarding the impact of mortgage brokers in the wake of rising interest rates. According to the central bank, these brokers have played a significant role in making the challenges of increased rates even more arduous for homeowners. This revelation comes as the UK faces an unprecedented economic landscape marked by rising living costs and fluctuating mortgage rates.

Hong Kong's Financial Landscape Shrinks: Nearly 40 Brokers Exit in Another Tough Year

4 months ago

Hong Kong’s financial sector is bracing for a challenging future as the city faces a significant decline in the number of licensed brokers. Recent reports reveal that nearly 40 brokers have exited the market in 2024, amidst a broader trend of exodus affecting the industry. This latest wave of departures has intensified concerns about the financial stability and competitiveness of Hong Kong as a global financial hub.

Bitcoin Investment Insights: A Cautious Approach Recommended by Peterffy

4 months ago

In a recent statement, Interactive Brokers chairman Thomas Peterffy emphasized the importance of a balanced approach to Bitcoin investment. As the cryptocurrency landscape continues to evolve, Peterffy suggested that while Bitcoin has its merits, investors should exercise caution and avoid overcommitting their resources.