Brendan Ross, the founder of Direct Lending Investments, was recently sued on March 22, 2019, by the United States Securities and Exchange Commission. The SEC’s decision to sue follows the accusations surrounding Direct Lending’s annual returns inflation.
According to Bloomberg,...
The United States President Donald Trump’s plan to impose tariffs on Chinese consumer goods is expected to have an impact on holiday spending. The imposition is slated to commence Sunday, December 15, 2019. Should the plan push through, approximately...
The American Federal Reserve announced its Main Street Lending Program Expansion on Monday, June 8, 2020. Terms of the program now seek to encompass lower minimum amounts as well as extended loan terms, notes Yahoo! Finance.
Under the said lending...
Six years ago, the United States had a massive financial meltdown that led to $16.394 debt ceiling. The problems can be rooted in the overproduction of the real estate market, unmanaged federal spending and overdeveloped financial sector. Six years...
Bank of America, considered as the second largest bank in the country, announced last Wednesday, June 26, 2019, its plan to stop lending financial support to institutions that work with private prison and detention facilities. The company’s decision follows...
Following President Donald Trump’s 2021 budget proposal release last Monday, February 10, 2020, it appears that the White House intends to drastically budget for car production loans. The said budget cuts would affect the United States Department of Energy’s Advanced Technology...
A report by LearnBonds.com revealed that global fintech lending, alternative loan industry, will grow 17 percent this year to $312.6 billion.
The projected transaction value for 2030 is $390.5 billion, with the United States leading the peer-to-peer business lending. In recent...
Bank lending from Mexican financial institutions sank in light of the decrease in the country’s gross domestic product (GDP) growth, says BNamericas. The drop in GDP growth is also expected to result in an increase in nonperforming loans (NPL),...
Adani Capital, the lending arm of the Gujarat-based conglomerate Adani Group, has announced it has acquired Essel Finance’s MSME loan business. The transaction, which grants Adani Capital a loan book of around ₹145 crore, was the second asset of...
New Zealand’s biggest bank, ANZ, admitted responsibilities over the lending breach in 2015 and agreed to pay customers $29.4 million.
After a series of investigation, The Commerce Commission found out that a loan variation affected more than 100,000 customers....
