Mitsubishi UFJ Financial Group Inc. (MUFG) will be launching a lending business in Thailand through Grab, said Reuters. This is to monetize the investment it made to the ride-hailing company. MUFG invested $706 million in Grab back in February.
The...
The executive committee of the Montreal municipal government has recently favored two loans amounting to $106.5 million. Montreal Gazette reported that the fund will be funneled toward the development and protection of green spaces around the city.
Executive committee member...
Public protests are on-going at Beijing after the recent crackdown of 76% of China’s Peer-to-Peer (P2P) lending platforms, wiping out an estimated $217.96 billion funds from its investors. What started out as a promising venture, with its peak period...
The declining demand for peer-to-peer (P2P) lending in China has prompted firms to find business elsewhere. LearnBonds report that Chinese P2P companies are eyeing Vietnam, which alarmed local lending companies.
P2P lending is a practice that enables borrowers to directly...
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...
Edinburgh-based fintech lending platform LendingCrowd has entered into a “strategic partnership” with the Institute of Chartered Accountants of Scotland (ICAS) to seek alternative options for business loans.
According to a report from Insider.co, under the said deal, the ICAS will...
Viet Nam Prime Minister Nguyen Xuan Phuc recently signed a directive aiming to combat the so-called ‘black lending,’ says Viet Nam News. This move was made to fight against loan sharks who earn an excessive amount of money by...
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 the federal government released a moratorium on collecting defaulted student loans since March 2020, states...
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,...
The existence of cryptocurrencies could result in the disappearance of lending services offered by traditional banks, said Sir Jon Cunliffe, the deputy governor of the Bank of England. Bitcoin News reported that Cunliffe believes that stablecoins and cryptocurrencies will...
