The central bank of Japan is set to pattern its own lending program after the United States Federal Reserve’s very own “Main Street” lending approach. According to Reuters, this move by the Bank of Japan aims to funnel in...
Mitsubishi UFJ Financial Group Inc. (MUFG) will be launching a lending business in Thailand through Grab, said Reuters. This is to monetize the investment it made to the ride-hailing company. MUFG invested $706 million in Grab back in February.
The...
The Philippine government inked a $370-million loan agreement with the Wolrd Bank to help the country redistribute approximately 1.4 million hectares of land to farmers. Around 750,000 farmers are slated to benefit from the lending initiative under the Comprehensive...
The US Federal Reserve announced Tuesday it is extending several of its emergency pandemic lending facilities by three months, in a bid to help the nation recover from the coronavirus pandemic.
According to Central Bank, the extensions apply to a...
As the Congress further delays its decision regarding the proposed stimulus plan, President Donald Trump said Thursday, August 6, 2020, that plans to address student loan relief amid the pandemic via an executive action are currently underway.
In a tweet...
China Banking Regulatory Commission said peer-to-peer (P2P) lending investors saddled more than 800 billion yuan in debt following the failed lending platforms.
What was once 6,000 businesses strong, the P2P lending sector reduced to only a few dozens after new...
The United Kingdom government’s debt recently reached a new high when it accumulated over £2 trillion in light of the virus pandemic spending, reported BBC. The overall 2020 debt so far has exceeded its 2019 figures.
According to the Office...
Crowdfunding platform Crowd2Fund announced its relaunch and features an updated credit model for its website.
The lender also announced its plans to extend its support of businesses and scale its Reboot Britain campaign. New listings were put to a halt...
The Asian Development Bank (ADB) approved another emergency loan to the Philippines amounting to $500 million last Thursday, September 10, 2020. The policy-based loan is reportedly aimed to provide relief to the country as it battles disasters and fights...
United Kingdom British finance minister Rishi Sunak is slated to extend the Government Treasury’s business lending schemes in light of the continuing fight against the virus pandemic. According to Reuters, the four loan schemes will be extended until the...
