FIRST-TIME buyers are to get a “leg up” onto the housing ladder under plans announced by the Chancellor. Rachel Reeves has set out sweeping changes for those looking to buy a house. 1 Chancellor Rachel Reeves is expected to announce changes for home buyers todayCredit: AFP This includes a new permanent mortgage guarantee scheme, which
A MAJOR UK bank is shutting 38 branches across the UK this July, after signing a deal to snap up a rival. Last month, the bank closed a total of 23 high street stores, after announcing back in March that 95 sites would shut nationwide by the end of the year. 1 Santander is closing
Inflation and low interest rates has led many to explore safe alternatives to fixed deposits with high returns. Ramalingam Kalirajan lists 10 options that can generate returns better than a fixed deposit. Illustration: Dominic Xavier/Rediff Are you tired of watching your fixed deposit (FD) returns struggle to keep up with inflation? With FD interest
A federal judge used an episode from “The Simpsons” to illustrate her ruling that prevents the Trump administration from withholding money approved for states to build charging networks for electric vehicles. Colorado is one of 16 states that recently sued the administration for not releasing billions of dollars authorized under the 2021 Infrastructure Investment and
A long-standing federal student loan program that has opened the door to higher education for millions of low- and middle-income families—but has also been criticized for driving families deep into debt—is at risk as Congress considers sweeping changes to higher education policy. Both House and Senate Republicans want to cap how much parents can borrow
A HUGE banking giant is about to cut opening hours in half at 36 branches within days. Santander is set to change the opening hours of dozens of its branches from June 30. This move comes as part of a broader restructuring, which also includes the closure of 95 branches and the conversion of 18
ROCKDALE, Texas (KRHD) — T1 Energy and Milam County have agreed on a tax abatement that has benefits for both sides. In the deal, T1 is required to hire at least 1,000 local workers and invest a minimum $700 million. In Rockdale, the site of the old Alcoa plant will soon be the site of
‘LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.’ Illustration: Dominic Xavier/Rediff With unsecured lending under pressure, banks and non-banking financial companies (NBFCs) are shifting their focus to loans against property (LAP), according to a recent report in Business Standard. Borrowers must understand the pros and
‘Switch out of an active fund if there is consistent underperformance.’ Illustration: Dominic Xavier/Rediff The expense ratios of several equity mutual funds have increased between September 2024 and March 2025, according to media reports. Investors should avoid knee-jerk reactions and respond to changes after proper thought. Why are fees increasing Total expense ratio (TER)
Under a new accountability measure recently proposed as part of a larger House budget bill, colleges would have to pay millions of dollars each year to reimburse the government for their students’ unpaid loans. The plan builds on an idea—known as risk-sharing—that lawmakers and policy analysts have been toying with since at least 2015. As