Tuesday, September 22, 2020
Wells Fargo, the fourth-largest U.S. lender by assets, has let go of more than 200 bankers in its U.S. lending divisions in recent months in reaction to current business trends and to restructure some of its units, Reuters reported. According...
Chinese lending platform RenrenBit successfully raised $21 million in the recent token sale. The crypto lending firm celebrated with a sale of 21 million RRB tokens worth 1 USDT each. Within four hours of the sale, all 21 million...
UK-based fintech and mortgage lender startup Proportunity has secured a £2 million fund in a seed round held last week. According to the fintech lender, the collected funds will be used to develop its home equity lending platform, which...
The Land Bank of the Philippines (LANDBANK) recently announced that it will be directing its efforts to provide agriculture-related loans in the country’s largest agricultural producer. BusinessWorld reported that the bank plans to implement a 20% boost in its...
Automated lending services provider Open Lending and blank check company Nebula Acquisition Corporation announced Monday, Jan 6, they have entered into a definitive business combination agreement. Under the said deal, the merger will take place via Nebula’s acquisition of Open...
Lending institution Well Fargo & Co. has been ordered by the state of Philadelphia to pay $10 million in damages to address its discriminatory lending practices. The court ordered the San-Francisco-based lender to settle its lawsuit following accusations that...
The State Bank of India (SBI) has lowered its benchmark lending, deposit, and savings rate on Wednesday, March 11, as the virus outbreak hit India’s economy. Starting March 10, most loans offered by SBI will have a rate of...
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...
A General Electric unit specializing in issuing subprime mortgages recently announced it has filed for bankruptcy. WMC Mortgage, a subprime lender that GE Capital had acquired after shutting down operations in 2007, filed a Chapter 11 bankruptcy days after the...
Finance of America Holdings LLC, a renowned national lending firm, recently partnered up with FarmOp Capital to acquire shares in the field. The strategic partnership comes after addressing the agricultural sector’s need for more lending facilities to the farming...

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