The central bank of China recently lowered the benchmark lending rate to 4.25%. The government’s decision stems from the country’s current trade war with the United States, alongside its desire to reduce funding costs, says Financial Times.
Last Saturday, the...
The People's Bank of China introduced a key interest rate reform on Saturday, Aug 18, which aims to lower the financing costs of businesses amid ongoing economic slowdown brought by a trade war with the United States.
Under the new arrangement,...
Lending institutions that lent to Dewan Housing Finance Corp. (DHFL) crafted a three-level resolution plan to enable the company is paying its debt. The Economic Times reports that the banks agreed to the plan which includes converting debt to...
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....
Global investment management company PIMCO says unreported Chinese government loans to emerging markets pose risks due to undisclosed terms.
According to the Market Watch, a large number of these loans slips ‘under the radar’, causing alarm to emerging market bond...
In a recently published annual report by LendEDU, the firm revealed that the current student loan debt in the whole country amounted to $1.52 trillion, with countless individuals living in debt as they graduate from school. Following this, numerous...
Last Monday, August 12, 2019, HSBC announced the launch of its new mobile lending platform. The new end-to-end encrypted platform technology was announced on behalf of Amount, the company’s new partner. The addition of this platform enables the financial...
Despite the lower loan market in Indonesia, private lender Citibank recorded a profit jump of 97% or Rp 1.64 trillion in the first six months of 2019.
Citibank ’s quality loan and higher interest income have made this breakthrough possible,...
DrawBridge Lending, a lending service provider for cryptocurrency owners, announced on Thursday, August 8, it has received an investment from Galaxy Digital Ventures LLC, a crypto merchant bank based in New York.
According to a report from BusinessWire, both companies...
As the economy slows down, the Reserve Bank of India cuts off lending interest rate by 0.35 per cent, charging only 5.40 per cent.
The bank has recorded decelerating consumer spending and corporate investments, affecting the country’s GDP growth. According...
