Investment

Credit Suisse ordered to pay former brokers about $10million:

Prior to the Christmas period  FINRA ( the Financial Industry Regulatory Authority Inc) demanded Credit Suisse to pay seven of their ex- brokers approximately six and a half million dollars in ‘damages, costs, attorney fees’ in a case from 2015. The brokers involved in these cases went to other firms e.g Morgan Stanley and UBS.  The company is arguing that no broker is entitled to request twice the amount of money for recovery which has already been paid by the firms they work for. Credit Suisse are not required to pay deferred compensation for resignation but do if the

Property Consulting

Government eco red tape will wipe thousands off house prices:

There is an upcoming ‘eco red tape’ this could mean for several people who could be buying properties that could potentially rapidly fall in value. The government is setting net zero targets meaning buyers in the near future could be liable for thousands of money for energy efficiency upgrades. Once these targets are introduced the value of homes with lower EPC ratings will immediately depreciate. The problem with this is that there are a very low number of people that ask to see the EPC ratings of houses prior to buying.  ___ Do you think the eco red tape is a good i

Investment

U.K fintech investment surge after regulation refresh:

Fintech companies are those dealing with the ‘crossover space’ between finance and technology. Recently, there have been regulation changes for 2022 and investors are now looking to profit off of these.  In 2021, $24.3 billion was invested across Europe and over half of this was from the U.K.  The rapid increase in funding will boost the investment sector as new measures are imposed.  ____________ Will you be capitalising from U.K’s lead in the fintech sector in 2022? UK fintech investment surges after regulation refresh (cityam.com)

Property Consulting

Wandsworth sees the largest volume of £1 million property transaction as buyers desire space:

Wandsworth has been noted to be over 1/10 of the large transactions which had taken place last year out of a net of approximately 6000 transactions between £1m and £3m across London itself. This is seen to be the case, due to the fact that there is a bigger proportion of larger family homes and access to green spaces, following the restrictions imposed by the pandemic. This rise in demand for space has led to the regeneration of many areas and thus availability of new housing is increasing near the city.  _____ Would you move to the buzzing hub for a good price? Wandswo

Investment

Vanguard website outage underlines dangers of online investing:

The Vanguard Group Inc. website was not operating as per the norm nearly an entire week last week, potentially hindering  thousands of customers from accessing year-end investment reports online. This displayed the need for companies to invest in robust customer service teams capable of dealing with high demand when technology fails. Customers of the $8 trillion mutual fund weren’t able to download documents of key statements, confirmations and tax forms needed for end-of-year accounting. Delaying the efficiency of the businesses, increasing the workload for an already ti

Property Consulting

Multifamily properties slated to be hot commodities in 2022:

Owners of multifamily properties are set for a record breaking 2022. Higher prices of single owned homes and lower numbers of properties available mean that many are turning to rental. Due to the fact that multifamily properties values are usually grounded upon net operating income (NOI) the value of the ‘assets’ will rise naturally. Buyers who purchase properties at the start of the year will be able to take advantage of the NOI and those who already own multifamily properties will see lower vacancies in their homes.  Will you be investing in a multifamily property thi

Property Consulting

U.K house prices rise at the fastest pace since 2006:

By November this year the average price of a property in the U.K was £272,992. This is £20,000 more, 10.4% more (as a percentage) than December 2020.   Now, Why might this be, you ask?  According to Russell Galley- who is the managing director at Halifax -suggests that the issue is a shortage in available properties and competition between mortgage providers to keep their rates at “historic lows.” Shockingly, the house sales , post the stamp duty holiday, have plummeted and show a 9 year low.  Many believe this is due to the COVID-19 variants which have restricted citiz