The US Treasury said on Thursday, March 3, that it would invest $9 billion in minority and community lenders to help small businesses and consumers in low-income and underserved communities cope with the coronavirus pandemic.
The Emergency Capital Investment Program...
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...
Scotland's peer-to-peer lending platform Lending Crowd announced on Wednesday, July 3, it will be partnering with the leading provider of standardised loan performance data, Brismo. According to reports, the recent deal was created to bring even greater performance metrics for...
San Diego-based Plaza Home Mortgage recently announced that it will be rolling out its expanded non-QM lending program. Under this new offering from the company, financial lenders, brokers, and other similar agents can become more inclusive in taking in...
China looks to increase tolerance for small to medium enterprises by strengthening its tolerance for non-performing loans. According to the Financial Times, the country seeks to boost bank lending for small businesses.
The Changing of the Times
Over the past number...
The Asian Development Bank (ADB) approved the $400-million loan to the Philippines last Tuesday, May 26, 2020. The loan is reportedly intended to boost the capital market development in the country.
According to the Manila Bulletin, the capital market development...
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 of America has recently warned that leverage loans can impact the stable U.S. economy.
BoA CEO Brian Moynihan said that the problems from this kind of loan are not yet evident as the country's economic expansion continues and companies...
Wells Fargo, the fourth-largest U.S. lender by assets, has let go of more than 200 bankers in its U.S. lending divisions in recent months in reaction to current business trends and to restructure some of its units, Reuters reported.
According...
The Facebook-owned messaging application WhatsApp is eyeing a new loan service for India customers, as Amazon unveiled Pay Later for eligible customers in the region.
According to WhatsApp’s memorandum of association (MoA) in regulatory filing for local entity last March,...
