Thursday, March 28, 2024
Deutsche Bank recently announced it would exit global sales and trading of equities and reduce operations of its investment banking. It will also cut down 18,000 jobs by 2022. The bank announced the move is part of its massive restructuring...
Scotland's peer-to-peer lending platform Lending Crowd announced on Wednesday, July 3, it will be partnering with the leading provider of standardised loan performance data, Brismo. According to reports, the recent deal was created to bring even greater performance metrics for...
The Department of Agriculture, Trade and Consumer Protection (DATCP) in Wisconsin forewarns farmers of lenders and credit providers that seek to take advantage of their situation. According to Spectrum News, the agency is concerned that agricultural workers will accumulate...
JPMorgan Chase CEO Jamie Dimon said student lending has been hurting America since 2010. Dimon is criticizing the government for issuing $1 trillion student loans and that colleges and universities must have their own loans that students can take. In an...
UK peer-to-peer lending company Funding Circle recently cut its revenue growth forecast by half amid the economic uncertainty caused by Brexit. The lending company expects its revenues to grow by 20% in 2019, half the previous forecast of 40%. The...
The number of loans in the Asia Pacific, excluding Japan, declined by 22 percent in the first half of 2019. Reuters reports that only $198.52 billion was raised from loans in the first six months of 2019, a seven-year low...
Bank of America, considered as the second largest bank in the country, announced last Wednesday, June 26, 2019, its plan to stop lending financial support to institutions that work with private prison and detention facilities. The company’s decision follows...
British banking giant Barclays Family Springboard grants first-time home buyers a half a million mortgage without deposit. The catch is, it requires a family member to give 10 per cent of the property price. For the past decade, prices of...
KoinWorks, Indonesia’s largest P2P lending platform, successfully raised $12.2 million in the recent round of Series B funding. To date, the company has raised more than $28.5 million. The Series B funding round was spearheaded by EV Growth and Quona...
While household debt is under control, Bank of America CEO Brian Moynihan said that corporate debt is still on a rough patch as the number continues to increase. According to Moynihan, big companies need to clean up their balance sheet...

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