Thursday, April 25, 2024
One of Colorado’s known firm for real estate lending is adding two more offices in the Wyoming and Montana states to support potential home buyers when it comes to financing. The company announced last Thursday, May 2, that they are...
The Australian Securities and Investments Commission (ASIC) and Westpac are in a fight over responsible lending conditions. The conflict between the two parties is reignited after the court rejects Westpac’s payment of $35 million in settlement money. In 2018, ABC...
The People's Bank of China (PBOC), the country's central bank, recently announced it would slash the reserve requirement ratios (RRRs) for small and medium-sized banks starting May 15. This measure aims to help support struggling companies due to an...
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...
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...

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