The Federal Reserve recently announced the weakening of demand for loans among US businesses and households within the last quarter of 2018, a survey of bank officers conducted by the Fed said.
According to the survey, banks tightened their lending...
Alcentra, one of Europe's largest asset managers, has raised jumbo-sized fund for direct lending as the interest of investors in lending to the region's firms have grown significantly.
The London-based asset manager and Bank of New York Mellon subsidiary raised...
The Senate issued its final ruling on Wednesday, March 11, 2020, on the Student Loan Forgiveness Program. The initiative proposed by Education Secretary Betsy DeVos initially intended to limit the student debt relief extended to individuals misled by for-profit...
Top US banks such as Bank of America, Citi, and JPMorgan beat their European rivals by a wide margin in digital innovation for corporate clients, a new report said.
The banks in Europe need to defend a significant revenue stream...
Lending company Amigo suffered from more than 50% dip on its shares. The fall in shares reportedly followed its notice to the public about its plans to change its current business lending model.
Amigo provides loans and credit facilities to...
To help low and moderate-income people own a property, Bank of America pledges to extend budget for mortgages by $5 billion over the next five years.
The five-year program dubbed as Neighbourhood Solutions, helps low and moderate-income people with a down...
The UK witnessed a significant increase in the number of first-time home buyers, according to the Mortgage Finance Gazette. This reflects a great development after 2006’s low numbers. Last 2018, there were 370,000 first-timers indicating a 1.9% growth. In...
Cryptocurrency lending company Blockfi recently acquired a fund injected of $30 million from various investors who participated in the Series B funding round. Coin Telegraph reports that the firm will use the capital to launch products that would be...
UK Banks lending funds to small and medium-sized businesses have fallen short to 4% or £14.9 billion last 2018 due to a series of bankruptcy in the sector.
More banks also penalize small retailers because ‘they worry about the abilities...
Tagged by Bloomberg as America’s most hated home loan, reverse mortgage, allowing homeowners over age 62 to convert some of their home equities into cash, is back on business.
Just recently, Chris Mayer, a professor from Columbia Business School and...
