As the global pandemic hits the UK economy, the government has been borrowing money to bolster the public sector workers’ pay and other spending initiatives.
The Independent Office for Budget Responsibility states that estimated borrowing could reach $372.2 billion by...
The Stimulus Bill, which offered employers incentives for helping employees pay student loans, has encouraged more employers to offer assistance, said Yahoo! Finance. They can repay up to $5,520 tax-free.
According to the report, these companies see this offer as...
Singapore-based lending platform Vauld raised $2 million to expand into a full cryptocurrency bank and issue debit and credit cards.
This funding round was led by Pantera Capital, Coinbase Ventures, LuneX Ventures, and other hotshot investors like Robert Leshner. By...
Brazil-based lending startup Creditas raised $255 million in its Series E financing round. The company announced its success on Friday, December 18, 2020. The new funding brings the firm’s total valuation to $1.75 billion after raising $570 million over...
As the virus pandemic leaves the banking industry unstable with a barrage of loans possibly defaulted and soured, the European Union (EU) has laid out plans on Wednesday, December 16, 2020, about setting up assistance to aid banks to...
Americans with student loans received good news when the United States Department of Education extended the pause of payments until January 2021, said CNBC. However, the resumption of payments causes anxiety to borrowers affected by the pandemic.
The pause started...
Mike Ashley’s Frasers Groups, previously known as Sports Direct, offered £50 million in emergency funding to Arcadia Group owned by Sir Philip Green, which the latter rejected. Ashley’s loan offer came as Arcadia Group is in danger of falling...
A press release by Ratehub Inc. on Newswire Canada revealed that the Canadian financial technology firm now has operations in the mortgage market called Canada Mortgage and Housing Corporation (CMHC).
The new housing lending institution, which was approved via CanWise...
Housing lender Housing Development Finance Corp. (HDFC) revealed that it will be lowering its retail prime lending rate (RPLR) for mortgages, said Live Mint. The reduction will be by 10 basis points of 0.10% and it was implemented on...
As Europe remains on top of non-bank lending, it continues to protect its growth rate by reforming lending policies to boost a new framework.
The Alternative Credit Council (ACC) published a roadmap to reform the European Long-Term Investment Fund (ELTIF),...
