Saturday, July 2, 2022
Britain’s biggest supermarket chain Tesco has recently announced its plans to stop mortgage lending. The company’s decision stems from having numerous competitors in the industry partnered with challenging market conditions. According to a report from Reuters, Tesco Bank is looking...
The European Investment Bank (EIB) recently deferred giving a decision on whether or not it will continue offering fossil fuel loans project, Reuters reported. This came after members criticized the proposal to stop lending to fossil fuel initiatives. The decision...
Digital lending company Blend recently released a new offering for car buyers, PR Newswire reported. Blend’s newly launched auto lending product is consistent with the company’s goal to provide simple and transparent lending services to borrowers, while also streamlining...
Local microfinance institutions (MFIs) in Cambodia reportedly have “predatory practices.” A report by two of the top civil society groups thoroughly discussed exploitative policies and penalties, says Al Jazeera. Microfinance lending was seen as a way to assist low-income Cambodians....
The Star reports that Wall Street Banks are directing their funds towards start-up technology companies in China with values pegged over $1 billion. These banks are lending billions to Chinese tech unicorns after their billion-dollar loans to start-ups in...
HSBC, one of the leading global lenders, offers a loan providing borrowers personal line of credit of up to $25,000. While the banking giant might not have a personal loan product, it is providing an unsecured line of credit...
Since the decline of the web users accessing the Opera browser to surf the internet, freeware web browser Opera has shifted to short-term lending with interest up to 876 percent. The Android Police has found out that the terms of...
Roc360, a financial services platform that caters residential real estate investors, announced Monday, Jan 27, the launch of its latest platform called Haus Lending. In a press release, the New York-based company described its new product offering as “a machine...
The Securities and Exchange Commission (SEC) announced Monday, September 16, it has issued cease and desist orders against 19 online lending applications following unauthorized lending activities and various complaints involving invasion of privacy and harassment. According to a report from...
The Congress and the Trump administration are still in dispute about the billion-dollar proposed funding for the United States and Mexico border. Considering these talks, The Guardian reports that in December 2018, the US federal government has officially shut...

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