China looks to increase tolerance for small to medium enterprises by strengthening its tolerance for non-performing loans. According to the Financial Times, the country seeks to boost bank lending for small businesses.
The Changing of the Times
Over the past number...
Tagged by Bloomberg as America’s most hated home loan, reverse mortgage, allowing homeowners over age 62 to convert some of their home equities into cash, is back on business.
Just recently, Chris Mayer, a professor from Columbia Business School and...
Many lending companies in India have not implemented lower interest rates as suggested by the country’s central bank. As a result, authorities are compelled to make more room for adjustments in terms of policies. According to The Economic Times,...
The Bank of America has teamed up with the Tory Burch Foundation, adding in an addition $50 million in pledges. The total amount offered by the joint partnership has now amounted to $100 million, double the amount from what...
With this rapid surge of China's pawn shop industry, the country's banking and insurance regulator is currently drafting new policies that will make oversight of the sector stricter, people privy to the matter said.
The move will focus on one...
Mumbai-based company Jai Kisan raised a total of $1.5Mn to support farmers for seed funding and machines. The Fintech company also states the possibilities of expanding its operations to more than 4 major regions in India.
Jai Kisan is only...
The European Central Bank (ECB) recently announced that programs stimulating the growth of lending in the eurozone are slated to commence come September. These targeted longer-term refinancing operations (TLTRO-III) aims to provide affordable rates and lending options for banks...
The Federal Reserve is mulling on imposing a stricter policy on foreign bank branches to tighten the "loophole" that allowed overseas lenders to protect its assets from U.S. bank rules, people privy to the matter said.
The potential rule change...
JPMorgan Chase has finally spoken about lending money towards the private-prison industry. After years of being beleaguered by activists and shareholders, the company has decided to stop banking with private prisons. This comes after much pressure from concerned citizens...
World’s second largest economy, China, will be cutting billions of dollars in taxes and fees to expand its economy, according to the annual report of Premier Li Kequiang.
The country is planning to cut back 6 to 6.5 per cent...
