Thursday, March 28, 2024
The Bank of Georgia is confident that its business will reach new heights. According to Reuters, the banking group is slated to increase its profits and lending by 15 percent. The financial institution is considered as one of the leading...
On Wednesday, April 17, JPMorgan announced that it's Chief Financial Officer Marianne Lake is leaving her post to oversee the bank's consumer lending business. In a report by CNBC, the announcement was said to be distributed through a memo signed...
The considerable amount of student debt is becoming a burden to indebted college graduates, a new survey revealed. A survey by Merrill Lynch and Age Wave of over 2,700 U.S. adults from ages 18 to 34 revealed that on average,...
The number of mortgage origination in two major US banks fell in the first quarter of 2019, which the lenders blame on strict regulation and the emergence of non-bank competitors. JPMorgan Chase reported its mortgage lending slumped by 18% in...
The new mortgage stress test practiced in Ottawa, Canada is seen as the main motive as to why mortgages declined since 2018. Following this news, CIBC states that the country should review its stress tests to see how these...
U.S. online lender companies, such as LendingClub Corp, Kabbage Inc, and Avant LLC are, are now practicing double efforts in preparing for what they fear to be the coming of an economic downturn. With the potential risks of credit losses,...
According to a former US official Seth Frotman of the CFPB, the weak government and ‘lousy system’ are the reasons behind the student debt crisis in the country. Since 2003, outstanding balances have already reached 500 percent, according to the...
Newly appointment World Bank President David Malpass advises China to be more transparent when lending to poorer countries, says The Guardian. This comes after the World Bank observes that debt issues are increasingly becoming more problematic. In fact, Malpass...
Silicon Valley-based mobile lending company, Branch International, recently teamed up with Visa. Following this, the fintech startup was able to successfully raise $170 million in Series C financing. Apart from Visa, Forbes notes that the business was also able...
According to global credit rating agency DBRS, shadow banks jump approximately 75 per cent from its level in 2010 and is now a $52 trillion sector. The term ‘shadow banking’ refers to unsecured lending to unqualified borrowers in need of...

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