Tuesday, December 1, 2020
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),...
Reston, Virginia-based financial technology company StreetShares announced last Thursday, October 22, 2020, in its press release that it had successfully secured a $10 million investment round for its lending tech expansion suite. The funding round was led by Motley Fool...
Wells Fargo & Co. has fired more than 100 employees last Wednesday, October 14, 2020, after saying they participated in defrauding a COVID-19 pandemic relief fund from the United States Small Business Administration. News of the fraudulent scheme comes as...
The United States government, which decided to forgive pandemic loan under the Paycheck Protection Program (PPP), has started to waive payments, said Reuters. This comes in light of complaints and warnings from various parties. The $525 billion-relief plan aimed to...
The Philippine Securities and Exchange Commission (SEC) has revoked FCash Global Lending Inc.’s license after several complaints about unfair collection practices. In a statement last Monday, September 28, 2020, the Securities and Exchange Commission revealed that it took FCash Global’s...
United Kingdom British finance minister Rishi Sunak is slated to extend the Government Treasury’s business lending schemes in light of the continuing fight against the virus pandemic. According to Reuters, the four loan schemes will be extended until the...
The Asian Development Bank (ADB) approved another emergency loan to the Philippines amounting to $500 million last Thursday, September 10, 2020. The policy-based loan is reportedly aimed to provide relief to the country as it battles disasters and fights...

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