Atlanta-based online lender Kabbage announced last Tuesday, February 4, 2020, its plans to unveil a new loan offering. The company will reportedly be launching short-term loans for small business owners, reports the American Banker.
Under the new program, Kabbage...
The fourth quarter results of regional banks in the US showed a robust domestic economy amid concerns of unsteady global markets, economic slowdowns in China, Europe and a global talks in trade.
Business and credit card loans grew 6% at...
UK Banks lending funds to small and medium-sized businesses have fallen short to 4% or £14.9 billion last 2018 due to a series of bankruptcy in the sector.
More banks also penalize small retailers because ‘they worry about the abilities...
The National Privacy Commission of the Philippines is currently investigating complaints filed by borrowers of mobile lending apps, reports Rappler. Digital lenders allegedly ‘debt-shame’ borrowers who fail to pay their dues on time.
The companies conduct the purported ‘debt-shaming’ by...
Grasshopper Bank, a newly established national bank, has completed private placement offering, according to a release by its parent bank holding company, Grasshopper Bancorp, Inc. The release also said that the bank had received all final regulatory approvals to...
China has always been known as a hub where cheap, yet quality goods are produced. From gadgets, technology, clothing, furniture, and many more, the country has successfully cemented itself as a force to be reckoned with. However, following the...
World’s second largest economy, China, will be cutting billions of dollars in taxes and fees to expand its economy, according to the annual report of Premier Li Kequiang.
The country is planning to cut back 6 to 6.5 per cent...
Policy meetings are in order as the European Central Bank assesses the situation pertaining to the slowdown of the euro area’s economy, says Bloomberg. The meetings are held to clarify whether or not there are benefits of allowing banks...
A number of international investors are eyeing Saudi’s most profitable state-owned oil company, Aramco, with its recent announcement of opening up the bond market for retail investors.
This news is apart from last month’s $12 billion bonds sold in the...
The United States Senate recently approved of the $480 billion cash influx to sustain the government, with approximately $349 billion allocated for the Paycheck Protection Program (PPP) geared towards helping small businesses. However, most of the funding has been...
