Saturday, February 27, 2021
US syndicated lending dropped to its lowest quarterly level since the first quarter in three years. As many borrowers postponed their activities following the volatility in the market in the fourth quarter last year and growing economic concerns. The loans...
Atlanta-based online lender Kabbage announced last Tuesday, February 4, 2020, its plans to unveil a new loan offering. The company will reportedly be launching short-term loans for small business owners, reports the American Banker. Under the new program, Kabbage...
Climate change spurs a foreclosure crisis, which poses a threat to the mortgage industry, according to a mortgage expert. Extreme weather and other natural calamities are now occurring frequently. Ed Delgado, CEO of the Five Star, a national mortgage...
Grasshopper Bank, a newly established national bank, has completed private placement offering, according to a release by its parent bank holding company, Grasshopper Bancorp, Inc. The release also said that the bank had received all final regulatory approvals to...
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...
The Securities and Exchange Commission (SEC) announced Monday, September 16, it has issued cease and desist orders against 19 online lending applications following unauthorized lending activities and various complaints involving invasion of privacy and harassment. According to a report from...
Margarita Louis-Dreyfus, the heiress of the popular Louis Dreyfus Company (LDC), a trading house, announced her successful filing and borrowing of a $1 billion loan from the Credit Suisse. Following the partnership, the heiress put up her majority shares...
Lloyds Bank, one of UK's leading financial companies, offers personal loans for £25,000 at a low interest of 3.9%. This product allows customers to avail money for different uses such as emergency expenses, vacations, home improvement, debt consolidation, and...
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...
A group of four Kenyan banks launched the mobile lending platform Stawi. The lending app reportedly provides loans ranging from Ksh. 30,000 to Ksh. 250,000. The four banks which launched Stawi are the Cooperative Bank, the Diamond Trust Bank, the...

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