LATEST NEWS
HNA Group Hainan Airlines Reveals It is Slated to Receive $5.9B
Chinese conglomerate HNA Group is slated to receive a strategic investment of 38 billion yuan, approximately $5.9 billion after it had taken steps to...
Program for an Electric Vehicle Tax Credit for Union-Built Vehicles Faces Obstacle
House Democrats' plan to provide customers with an additional option to encourage union-built vehicles has sparked controversy and discussion among legislators, manufacturers, and other...
The International Monetary Fund Urges Australia to Use Lending Curbs to Cool Housing
The International Monetary Fund said Australia should use lending restrictions to cool a sweltering property market, while also lowering its growth projection for 2021...
Evergrande Used Financial Investments to Fund Gaps
China Evergrande Group, a cash-strapped company, has begun repaying investors in its financial products with real estate investments, according to a unit of its...
China Wealth Redistribution Plan Poses Threat To Europe Luxury Industry
The economy of China is recovering irregularly, and the country's efforts for wealth redistribution pose threat to disrupt the growing luxury industry in Europe....
Commonwealth Bank of Australia Admits to Insurance Fraud, Hit with Criminal Charges
The Commonwealth Bank of Australia (CBA) announced that it will plead guilty to selling junk consumer credit insurance to customers from 2011 to 2015....
Xendit Has Raised $150 Million in New Investment
Financial technology and payments start-up Xendit has secured $150 million in a Series C investment round in Jakarta, raising its worth to around $1...
ME Bank Receives Criminal Charges Due To Home Loan Notices
ME Bank, a subsidiary of Bank of Queensland, faces a total of 62 criminal charges concerning home loan clients’ annual interest rates and minimum...
Williams-Sonoma and Capital One Introduce The Key Rewards Credit Card Program
Williams-Sonoma, Inc., a leading American home retail company, revealed that it has partnered with bank holding company Capital One to introduce the Key Rewards...
California Wildfire Insurance Policy Poses Difficulties To Property Owners
The California wildfire that occur repeatedly drive several property owners in fire-prone zones to pay increased insurance premiums.
Insurers are becoming more hesitant to renew...
Intel Plans to Invest $95B in the EU Chip-Making Business
Popular semiconductor maker Intel announced Tuesday, September 7, 2021, that it plans to invest up to 80 billion euros or approximately $95 billion in...
Paytm Money Partners With WealthDesk For Investment Advisory Marketplace
Paytm, an Indian tech company for digital payments, e-commerce, and financial services, has recently reported that Paytm Money is introducing an investment and wealth...
Community Reinvenstment Act To Undergo Reform Against Racial Discrimination In Lending
Regulators have a plan to reform the Community Reinvestment Act (CRA), a civil rights law in the United States designed to combat racial discrimination...
Federal Bank Introduces Credit Cards In Partnership With Visa
Federal Bank has announced the introduction of its credit card in India. To offer credit cards to its current clients, the private banking company...
Headway Wealth Assists British Nationals For Financial Planning
A new wealth management firm, Headway Wealth, has been established. It allows British nationals residing in the UK and expats worldwide to engage in...
Milo Fintech Lender Unveils New Broker Channel For International Clients
Fintech Milo, a company offering international clients direct lending mortgage options, has unveiled a new broker unit for wholesale mortgage partners across the U.S.
With...
HSBC Holdings Acquires AXA Singapore To Expand Wealth Business In Asia
HSBC Holdings has reported about its purchase of AXA Singapore for $575 million. This move is part of its goal to establish a global...
Dopay Receives Banking Agent Licence From Bank ABC in Egypt
Following the acquisition of a banking agent license in Egypt, Dopay aims to introduce a high-performance platform for virtual banking are on schedule. The...
LetUs and APOLLO Insurance Teamed Together to Offer Fully Integrated Insurance
APOLLO Insurance, Canada's leading global insurance company, has teamed with LetUs by RentMoola to provide tenants and landlords with quick access to digital insurance...
Wells Fargo Drops Personal Credit Lines Closure Plan
Wells Fargo & Co. sparked a public outcry when it announced plans to phase down personal lines of credit in July, but the firm...
Scottish Illegal Money Lending Unit Creates Website To Combat Illegal Lenders
The Scottish Illegal Money Lending Unit (SIMLU) has set up a new tailored advice website to assist Scottish people having a hard time dealing...
Donald Trump Receives Unexplained Wealth Order Over Golf Courses Purchase
The Scottish court has approved the judicial review of the Government's rejection to investigate the unexplained wealth of former President Donald Trump, amid continued...
Globant Announces The Launch of Digital Lending Studio
Globant, an IT and software development service provider, recently revealed the opening of their Digital Lending Studio, which will assist lenders in reinventing the...
Venmo Entering the Crypto Game with Cashback Buying Option
PayPal subsidiary Venmo now allows cryptocurrency purchases through the use of cashback. The announcement came on Tuesday, August 10, 2021, stating that users are...
Breeze Brings New Life to the Sluggish Disability Insurance Industry
Breeze, an insurtech business located in Omaha, has raised $10 million in a Series A round to further its objective of protecting Americans during...
Rihanna Attains Billionaire Status at 33
Artist and Fenty Beauty mogul Robyn “Rihanna” Fenty has now achieved billionaire status at the age of 33. Forbes states that her net worth...
The Reduction in Universal Credit Violates Human Rights Legislation
According to the UN's poverty expert, reducing universal credit by £20 per week is an "unjustifiable" decision that violates human rights law and would...
Shepherd Insurance Gains $6.15 Million Fund For Construction Industry
Shepherd Insurance, a construction-focused insurtech firm, has raised $6.15 million in a seed round sponsored by Spark Capital. Shepherd's newest financing update comes after...
NoRedInk Secures $50 Million In Series B Funding Round
NoRedInk has recently revealed that it was able to secure $50 million during the Series B round. Its digital writing program, which combines adaptive...
11K People Still Waiting on Student Loan Refunds
The Education Department revealed that approximately 11,000 people are still waiting on their respective student loan refunds. The news comes around five months after...