As Italy battles the coronavirus in the country, the government announced that it will be temporarily suspending mortgage payments. Apart from mortgage payments, lenders are also extending debt holidays to small businesses and families, reports CBS News.
The announcement was...
British banker Metro Bank announced Monday, March 9, that it has entered into a partnership with Lending-as-a-Service (LaaS) provider Ezbob to deliver next-generation digital lending platform for small business customers.
In a release, Metro Bank said that the new offering...
BitGo, one of the largest custodians for digital assets, announced Thursday the launch of its first institutional-level crypto lending service, called BitGo Prime LCC.
In a press release, the crypto custody provider said that the new offering is set to...
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...
The European Central Bank is preparing for the possible economic fallout amid the novel coronavirus (NCOV-19) outbreak, offering liquidity to businesses.
Many central banks around the globe are put under pressure to support the growth of businesses in the...
Last Friday, February 28, 2020, the European Commission and its respective officers have officially opened an investigation over the €400 million loans granted by the Italian government to Alitalia, Italy’s flagship carrier. The €400-million deal reportedly comes on top...
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....
After expanding its loan books by an equivalent of $1 billion last year, Nigeria bank Zenith Bank announced on Wednesday, Feb. 26, its plan to slow its loan growth this 2020.
The bank was urged to push for the...
The biggest United States bank JPMorgan Chase & Co. announced its plans Tuesday, February 25, 2020, to stop lending or advising companies who belong to the coal-mining industry. Apart from this, the firm also committed $200 billion to fund...
Newgen Software, Inc is Bank of the Bahamas’ (BOB) choice for automating retail lending and account opening, said PR Newswire. This move seeks to streamline the banking process through the software company’s automation platform.
BOB decided to transition into automated...
