Wednesday, September 23, 2020
Viet Nam Prime Minister Nguyen Xuan Phuc recently signed a directive aiming to combat the so-called ‘black lending,’ says Viet Nam News. This move was made to fight against loan sharks who earn an excessive amount of money by...
A number of international investors are eyeing Saudi’s most profitable state-owned oil company, Aramco, with its recent announcement of opening up the bond market for retail investors. This news is apart from last month’s $12 billion bonds sold in the...
In the recently concluded series B funding event, construction lending financial technology platform Built Technologies has successfully raised $55 million. The round of funding was led by Goldman Sachs. According to Housing Wire, Built Technologies was able to raise $31...
The Micro, Small, and Medium Enterprises Development Agency or MSMEDA is giving out a fund to Beni Suef governorate to provide financial support to small and medium-sized business in rural parts of Egypt. According to MSMEDA chairperson Nevine Gamea, about...
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...
Banking company Fifth Third Bancorp surprised analysts when it showed substantial growth in business lending during the first quarter of 2019, says Cincinnati Business Courier. It recorded earnings of 63 cents per share, which is higher than what analysts...
The Bank of Georgia is confident that its business will reach new heights. According to Reuters, the banking group is slated to increase its profits and lending by 15 percent. The financial institution is considered as one of the leading...
On Wednesday, April 17, JPMorgan announced that it's Chief Financial Officer Marianne Lake is leaving her post to oversee the bank's consumer lending business. In a report by CNBC, the announcement was said to be distributed through a memo signed...
The considerable amount of student debt is becoming a burden to indebted college graduates, a new survey revealed. A survey by Merrill Lynch and Age Wave of over 2,700 U.S. adults from ages 18 to 34 revealed that on average,...
The number of mortgage origination in two major US banks fell in the first quarter of 2019, which the lenders blame on strict regulation and the emergence of non-bank competitors. JPMorgan Chase reported its mortgage lending slumped by 18% in...

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