Funding & Business
Fair Isaac Drops as Pulte Lets Fannie, Freddie Use VantageScore
Shares in Fair Isaac Corp., known colloquially as FICO, headed for the worst slide since March 2020 after federal regulators said government-sponsored mortgage entities Fannie Mae and Freddie Mac will be able to use a second firm when determining borrowers’ creditworthiness.
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JPMorgan Chase & Co. is part of a group of lenders that’s arranging £1.75 billion ($2.38 billion) of debt financing for KKR & Co.’s planned acquisition of Spectris Plc, the British manufacturer of precision testing equipment and software.
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Turkey raised withholding taxes on lira-denominated deposits and mutual funds, tightening its grip on household savings as it seeks fresh revenue to ease the budget deficit.
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The Hong Kong Jockey Club is divesting as much as $1 billion in funds held with Blackstone Inc. and other buyout firms, offloading US assets amid escalating trade tensions that have intensified since Donald Trump’s presidency.
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