Bank loans

bank credit: bank loans increase in all sectors in April

Loan demand in April rose at more than double the pace of last year to 11.3% from 4.7% last April, as economic activity accelerated across all sectors. Loan demand from large corporations has turned positive as they look to banks to meet their financing needs as market rates rise. Credit to large corporations rose 1.6% […]

Bank loans

OJK says economy strengthens as bank lending rises 9%

TEMPO.CO, Jakarta – The Financial Services Authority (OJK) The meeting of the Board of Commissioners (RDK) in May 2022 noted that the stability in the financial sector. The intermediary functions of financial services institutions continue to improve and contribute to the continued recovery of the national economy amid growing global uncertainty. One of the contributors […]

Financial institutions

Stressed assets of non-banking financial institutions fell to 14% in March 2022: Crisis

Stressed assets of microfinance companies fell to 14% in March 2022 Mumbai: Non-bank financial corporations and microfinance institutions (NBFC-MFIs) distressed assets are estimated to have declined to around 14% in March 2022 from around 22% in September 2021, helped by the recovery of the economy and the limited impact of the omicron variant, says a […]

Financial institutions

How can incumbent financial institutions defend themselves against disruptors?

Historically, large banking institutions have always been a bit of a laggard when it comes to innovation, delaying innovation to see what succeeds within smaller institutions or businesses. Only once success has been proven, decide to roll out the new innovative feature or technology to their huge customer base. This strategy, however, is no longer […]

Financial institutions

The Jamaican government will sign a memorandum of understanding with the financial institutions regarding the NIDS

The Jamaican government has said it plans to sign a Memorandum of Understanding (MOU) early next month with financial institutions to participate in the nationwide National Identification System (NIDS) pilot project. The Minister without Portfolio in the Prime Minister’s Office, Floyd Green, already says that the ten members of the Jamaica Bankers Association (JBA) have […]

Bank loans

Annual bank loans disbursed to knowledge-based businesses increased by more than 108%

TEHRAN – Iran’s banking system disbursed 669.4 trillion rials (approximately $2.585 billion) in facilities to 1,362 knowledge-based companies in the past Iranian calendar year 1400 (ending March 20), to record an increase of 108.2% over the previous year 1399. As the Mehr news agency reported, Bank Mellat accounted for the largest share of paying facilities […]

Personal loans

SBI YONO offers personal loans up to ₹35-lakh: Are you eligible?

India’s largest lender, State Bank of India (SBI), has launched Real-Time Xpress Credit (RTXC) on YONO. SBI has announced that eligible customers can now apply for personal loans up to 35 lakh through the YONO app without having to fill in any documentation. With the launch of the Credit Xpress facility through the YONO app, […]

Bank loans

UP: Gang arrested for falsifying documents to obtain bank loans, 3 arrested

A Kanpur gang has been arrested for falsifying documents to obtain bank loans. Three defendants have been arrested in this case. Gang arrested for falsifying documents to obtain bank loans. Police in Nazirabad, Uttar Pradesh have exposed a gang that was granting loans on false documents. The gang was getting a loan using fake bank […]

Debt finance

No risk for Maldives in debt repayment: finance minister

Finance Minister Ibrahim Ameer said there was no risk for the Maldives to repay its debt. The Minister made the statement to Parliament’s Economic Committee on Thursday, while briefing the committee on the proposed amendment to the Tourism Law to reduce land rent imposed on seaside resorts. The government withdrew the amendment on Wednesday after […]

Personal loans

Mariner Finance Personal Loan Review 2022 – Forbes Advisor

Personal loan applications are approved or denied based on a number of factors. All lenders have their own unique underwriting requirements, but these typically include information from the applicant’s credit profile and other factors that demonstrate ability to repay the loan, such as income. Meeting the requirements below does not guarantee approval, but they can […]

Financial institutions

Financial institutions move into ARMs amid high rates

At least two financial institutions this week brought back adjustable-rate mortgage products (ARMs) amid soaring mortgage rates and double-digit growth in house prices. Michigan-based wholesale lender Attachment point deployed a jumbo ARM product offering a maximum loan amount of $2.5 million, with a maximum loan-to-value ratio of 80%. Homepoint’s jumbo ARMs have a fixed rate […]

Financial institutions

Department of Financial Institutions: Wisconsin State-Chartered Credit Unions Report Strong First Quarter Financial Performance

MADISON, Wis. – Wisconsin’s 111 state-chartered credit unions continue to show strong financial performance through March 31, 2022, according to data released today by the Wisconsin Department of Financial Institutions (DFI). At the end of the first quarter, total assets of Wisconsin state-chartered credit unions exceeded $57.2 billion, an increase of $1.4 billion from the […]

Financial institutions

Prelim offers enhanced capabilities to financial institutions through seamless integration with fintech providers

SAN FRANCISCO, May 25, 2022–(BUSINESS WIRE)–Recognizing the growing need for strong, streamlined connections to financial services for onboarding new customers and members, Prelim is leading the fintech space with yet another innovation. A fintech provider powering customer-centric banking experiences for financial institutions, Prelim announced the launch of its platform’s new app store, which helps connect […]

Personal loans

Citibank Personal Loan Review 2022 – Forbes Advisor

The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here’s how Citibank personal loans compare to other popular lenders: Citibank versus US Bank Unlike Citibank, you don’t have to be an existing US Bank customer to apply for a personal loan. Existing US Bank customers can borrow up […]

Personal loans

Integra Credit 2022 Personal Loans Review • Benzinga

Integra Personal Loan Ratings at a Glance APR Depends on state but ranges from 99.99% to 300.99% Assembly costs None Late charge Depends on the state Prepayment charges None Integra’s APRs are very high. Your APR will depend on your personal circumstances and the laws of the state in which you live. Integra’s APRs range […]

Financial institutions

A support tool for financial institutions –

EOS Data Analytics provides agro-banks with satellite monitoring solutions to streamline loan risk assessment In light of global food demand and climate change caused by the greenhouse effect, agriculture has undergone significant transformations to respond to emerging challenges. Advances in technology are improving traditional farming approaches and shifting to more sustainable practices. The global smart […]

Financial institutions

NFP’s Financial Institutions Group hires TigerRisk for Lloyd’s Line Slip – InsuranceNewsNet

NEW YORK (PRWEB) May 24, 2022 NFP, a leading property and casualty insurance broker, employee benefits consultant, wealth manager and retirement advisor, today announced its Financial Institutions Group (FIG) selected TigerRisk Partners LLC to develop a line slip to do business with Lloyd’s of London. FIG specializes in advising and placing financial and general casualty […]

Financial institutions

Scams are on the rise. What should financial institutions do to better protect themselves and their customers?

Scams, the number one type of crime in the United States, continue to threaten financial institutions and their customers. Recently released data from the Federal Trade Commission (FTC) shows that consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70% from the year previous. The FTC also shared […]

Bank loans

Smart locker startup Budbee raises $40m to extend bank loans

Swedish startup Budbee has had a few good years. Thanks to the Covid-induced boom in online spending, the last-mile delivery company has more than doubled its turnover to 80 million euros in 2021. But now, with rising inflation, as well as electricity and gas costs, consumer spending is falling. According to the Swedish trade association, […]

Bank loans

Falling demand for bank loans reflects supply bottlenecks, not a weak recovery

Download the article Banks typically experience weak loan demand during recessions, and the pandemic-induced recession was no exception. However, this weakness in loan demand persisted even as the economy steadily recovered. One explanation for this persistent weakness could be the continued disruptions to supply chains. Disruptions to the movement of goods and materials through complex […]

Financial institutions

Hundreds of local financial institutions hit the restart button

HelloRF Bank of Shanghai, the city’s largest repo-issuing bank, said its outlet in Chongming resumed in-person operations on Wednesday and saw strong demand for cash withdrawals, wealth management and money transfers. The first batch of financial institutions, 864 in total, were allowed to resume operations on Wednesday as the city’s COVID-19 situation improves, local authorities […]

Bank loans

Disney’s price hike is forcing customers to take out bank loans to afford vacations

It seems some Disney guests want to visit Walt Disney World and Disneyland so badly that they’re not just saving up for vacations anymore, but taking out loans to make the magic happen. Credit: Disney It’s no secret that Disney is an expensive place to vacation. Now that hotel rooms are harder to come by, […]

Personal loans

Personal loans soar amid economic woes

People discuss financial deals at a KBank booth at Money Expo 2022, held from May 12-15 at Impact Muang Thong Thani, Nonthaburi province. (Photo: Nutthawat Wicheanbut) The commercial banking sector showed strong growth in the personal loan category during the first quarter of this year due to increased household demand for cash to meet daily […]

Financial institutions

Why Financial Institutions Need Market Surveillance

VSCentral banks are responsible for overseeing their country’s monetary system and establishing regulations to keep its markets balanced. Part of this includes establishing benchmark exchange and interest rates and supervising trade around the world. In recent years, “risk-free” benchmarks and the implementation of codes of conduct have made it more difficult to manipulate the foreign […]

Financial institutions

Shanghai lets financial institutions get back to work as COVID-19 restrictions ease

Shanghai authorities have allowed 864 of the city’s financial institutions to resume operations, three sources with direct knowledge of the matter said on Wednesday, as it gradually eases a citywide lockdown that began there. at seven weeks. The move is part of the financial hub’s plan to reopen widely and allow normal life to resume […]

Financial institutions

Financial institutions still confident in the Chinese market

BEIJING: Despite the Covid-19 outbreaks and mounting downward pressure on the economy, several global financial institutions have expanded their presence or plan to do so in the Chinese market, showing continued confidence in the world’s second-largest economy. Six asset management companies have recently been approved to join the Qualified Foreign Limited Partner (QFLP) program or […]

Financial institutions

From robbery to hijacking, cybercriminals are turning to financial institutions

Most financial institutions said Russia poses greatest concern as geopolitical tensions continue to escalate in cyberspace VMWare has noticed that sophisticated cybercrime cartels have evolved beyond wire transfer fraud to target market strategies, take over brokerage accounts and go island-hopping at banks. 63% of financial institutions admitted to experiencing an increase in destructive attacks, while […]

Debt finance

Startup Karbon Card raises Rs 55 cr debt funding from Northern Arc and others

Karbon Card, a start-up providing corporate cards and an emerging neobank for new era start-ups and small and medium enterprises, has raised Rs 55 crore in a debt financing round from Northern Arc Capital, UC Inclusive Credit (UCIC) and Oxyzo Financial Services. Bengaluru-based UCIC, incubated by Unitus Capital, is an impact-focused non-bank finance company registered […]

Debt finance

Karbon Card Raises INR 55 Crore in Debt Funding

Karbon Card Raises INR 55 Crore in Debt Funding By Leandra Monteiro Karbon Card (Karbon), India’s largest and fastest growing corporate card provider and an emerging neobank for new-era start-ups and SMEs, has raised INR 55 crore as part of of a debt financing round from Northern Arc Capital, UC Inclusive Credit Private Limited and […]

Personal loans

The All-Digital Loan: How Personal Loans Save Time and Effort

Lately, personal loans have gained prominence following global pandemics, high inflation and rising cost of living. An encouraging development is that major lending apps are now offering an all-digital loan for those looking for immediate funding. What is a digital loan product? As the term suggests, it is a loan that can be availed online. […]

Personal loans

How do personal loans work?

Knowledge of the different fees Some loans charge fees beyond the simple interest rate. Here are some you can see: Assembly costs. Although not very common, some lenders charge origination fees. It is usually a percentage of the total loan amount. Look for loans with minimal or no origination fees. Penalty for prepayment. A prepayment […]

Debt finance

Karbon Card News: Karbon Card raises Rs 55 crore debt financing from Northern Arc, UCIC and Oxyzo

Karbon Card, a fintech company specializing in corporate cards, has raised Rs 55 crore in a debt financing round from Northern Arc Capital, UC Inclusive Credit Private Limited and Oxyzo Financial Services. UCIC, incubated by Unitus Capital, is an impact-focused non-bank finance company registered with Reserve , while Oxyzo is the lending arm of OfBusiness […]

Personal loans

How to Fight High Interest Rates on Personal Loans

The demand for personal loans has disappeared lately. The recent report from CRIF High Mark (a credit bureau) indicates that personal loans saw 4X growth in creations (volume) from 39.9 lakh accounts in FY19 to 158.1 accounts lakh during FY22. Gaurav Chopra, CEO and Founder of IndiaLends says, “Borrowers opt for personal loans for various […]

Personal loans

BrightHouse customers unlikely to get refunds, admins say | Personal loans

Administrators of collapsed hire-purchase company BrightHouse, which specializes in loans for big-ticket items such as fridges and sofas, have warned they will not have enough money to compensate thousands of customers who have found themselves with unaffordable debts. The latest report from accountants Grant Thornton, who handle administration, shows a plan to set aside £600,000 […]

Bank loans

Review of Central Bank of Zimbabwe loan suspension this week

Jean Mangudia HARARE – The Reserve Bank of Zimbabwe (RBZ) will review the recently announced suspension of bank lending this week as it prepares to investigate contractors over allegations they are fueling the black market. In an unrestricted interview last week, RBZ Governor Dr. John Mangudya said the temporary suspension was a necessary inconvenience in […]

Bank loans

sitharaman: Ethanol units: FM will push for bank loans | Patna News

PATNA: Union Finance Minister Nirmala Sitharaman will visit the state next month and address the concerns of the state government over bank lending issues faced by investors who have submitted proposals for the creation of ethanol production units in Bihar. On the other hand, Union Education Minister Dharmendra Pradhan has agreed to consider Birla Institute […]

Bank loans

For bank lending to NBFCs, RBI allows classification by priority sector

New Delhi: The Reserve Bank of India (RBI) on Friday allowed banks, including smaller financial banks, to continue extending credit to non-banking financial corporations (NBFCs) with the aim of on-lending to priority sectors specified. Commercial banks could lend to NBFCs and Small Financial Banks (SFBs) could lend to NBFC-MFIs with the aim of onlending to […]

Bank loans

China April new bank loans plummet as COVID shakes economy

* April new loans 645.4 billion yuan vs. 1.52 trillion yuan f’cast * April M2 money supply +10.5% y/y, vs. f’cast of +9.9% * April TSF 910.2 billion yuan, against f’cast 2.15 trln yuan * C.bank pledges to step up support for slowing economy BEIJING, May 13 (Reuters) – New bank lending in China hit […]

Bank loans

China in April, New Bank Lending Falls as COVID Shakes Economy | Investment News

By Judy Hua and Kevin Yao BEIJING (Reuters) – New bank lending in China hit its lowest level in nearly four-and-a-half years in April as the COVID-19 pandemic rattled the economy and weakened demand for credit, it showed on Friday. central bank data, after it pledged to strengthen its support to avoid a steeper slowdown. […]

Personal loans

LightStream Personal Loans Review 2022 • Benzinga

LightStream Personal Loan Ratings at a Glance Assembly costs None Late charge None Prepayment charges None Monthly service fees None LightStream does not charge any monthly service fees, late fees, prepayment fees, or setup fees. The lack of fees makes it an excellent choice for potential borrowers interested in loans with lower fees. LightStream Customer […]

Personal loans

Pre 2022 Personal Loan Review • Benzinga

Avant personal loan ratings at a glance Assembly costs Up to 4.75% Late charge $25 Prepayment charges None Disallowed charges $15 Before invoice origination fees, also called administration fees, because they cover the administrative processes of the loan. Avant charges an assembly fee of up to 4.75%. If you don’t pay promptly, Avant charges a […]

Bank loans

China’s April new bank loans plummet as COVID-19 shakes economy

BEIJING: New bank loans in China fell in April from the previous month as the COVID-19 pandemic rattled the economy and weakened demand for credit, central bank data showed on Friday (May 13), after she pledged to step up her support to stave off a sharper downturn. Chinese banks extended 645.4 billion yuan ($95.14 billion) […]

Bank loans

China April new bank loans drop to 645.4 bln yuan, below forecast

Breadcrumb Links PMN Company Author of the article: Content of the article BEIJING — New bank lending in China fell in April from the previous month as the COVID-19 pandemic rattled the economy and weakened demand for credit, even as the central bank pledged to bolster policy support to avoid a more marked slowdown. Chinese […]

Bank loans

Singapore bank lending to rise as Southeast Asia reopens after pandemic

Singapore has opened its borders to fully vaccinated visitors.Source: iStock Singaporean banks are expected to see faster loan growth and better profitability as Southeast Asian economies open up for business and travel after two years. Loans in the three Singaporean banks – DBS Group Holdings Ltd., Oversea-Chinese Banking Corp. ltd. or OCBC, and United Overseas […]

Bank loans

Bank loans to government stand at N16.32 billion – CBN

Central Bank of Nigeria The Nigerian banking sector’s total net credit to the government increased by N2.2 trillion in the first quarter ended March 2022 to N16.32 trillion. The figures obtained from the Central Bank of NigeriaData on “money and credit statistics” showed this. According to the data, Net Credit to Government increased from N14.12 […]

Personal loans

Rising SoFi personal loans offset lower volume elsewhere

Online lender SoFi Technologies saw a strong increase in quarterly personal loans as record consumer demand offset weakness in its home loan and student loan business. The San Francisco company originated more than $2 billion in personal loans between January and March, a 151% increase from the $805.7 million it originated in the year-ago quarter. […]

Personal loans

Personal loans used to buy cars secured Oportun’s $400m ABS

Oportun Issuance Trust, 2022-A, aims to raise $400 million from capital market debt, by issuing notes that will be secured by auto-securitized installment loans. Oportun, Inc., sponsoring the asset-backed securities (ABS) deal, which is secured by non-preferential loans. The agreement has a renewable period of 24 months, according to Morningstar | DBRS. During the revolving […]

Financial institutions

FIS helps small and medium financial institutions digitally transform with new integrated funding capabilities in partnership with Treasury Prime

“We are delighted to present to you Montfort as a leading innovator in specialty private credit,” said mike walkinshaw , CEO of Corporation Montfort Capital. “Counting ongoing acquisitions, our business will have more than tripled in size over the past year to more than $450 million assets, as we leveraged our expertise and scalable loan […]

Financial institutions

Total Expert helps financial institutions conquer the procurement market with powerful integrations and consumer insights to generate and capture leads

Platform upgrades and partnerships will strengthen data connections, improve lending teams’ ability to leverage consumer insights, and build engagement and loyalty. MINNEAPOLIS, May 11, 2022–(BUSINESS WIRE)–Total Expert, the CRM and customer engagement platform purpose-built for modern financial institutions, is rolling out new features for lenders, banks and credit unions to help them better manage customer […]

Financial institutions

From hammer to hammer: non-banking financial institutions face new security rules

Anthony J. Hendricks On December 9, 2021, the Federal Trade Commission issued final rules that amended its standards for protecting customer information (“Safeguard Rules”). These updated rules place additional requirements on how non-bank financial institutions must protect customer information. However, there has been some confusion about who these rules apply to and when companies must […]

Bank loans

Bank loans to government reach N16.32 billion – CBN

The Nigerian banking sector’s total net credit to the government increased by N2.2 billion in the first quarter ended March 2022 to N16.32 billion. Figures obtained from the Central Bank of Nigeria’s “Money and Credit Statistics” data showed this. According to the data, Net Credit to Government increased from N14.12 billion at the end of […]

Bank loans

Borrowers start paying 90% of coronavirus bank loans again

Capital markets Borrowers start paying 90% of coronavirus bank loans again Wednesday, May 11, 2022 Banks have seen customers resume normal payments on 90% of loans that have been restructured following the Covid-19 pandemic. FILE PHOTO | NMG By CONSTANT MUNDAMore from this author Summary This eased the pressure on the lender’s capital in addition […]

Bank loans

Permanent TSB’s plan to acquire €7.6 billion in loans from Ulster Bank is set to be investigated at arm’s length

Permanent TSB’s plan to secure 7.6 billion euros in loans and other assets from Ulster Bank is the latest banking deal to be fully investigated by the watchdog. competition amid significant concerns about less competition. The Competition and Consumer Protection Commission, or CCPC, said the deal reached late last year will now be referred to […]

Bank loans

Competition watchdog subjects PTSB’s Ulster Bank loan purchase plan to scrutiny

The state’s competition watchdog has launched a thorough assessment of Permanent TSB’s (PTSB) plan to buy 6.8 billion euros in loans from Ulster Bank, in line with the in-depth review that ‘it applies to transactions resulting from the exit of the British bank and competitor of KBC Bank Ireland on the market. The Competition and […]

Bank loans

Unable to access bank loans, businesses seek black credit

According to the PCI (Provincial Competitiveness Index) report published by the Vietnam Chamber of Commerce and Industry (VCCI), 46.85% of private companies surveyed said they had difficulty accessing bank loans in 2021. This figure was higher than the 40.73% of 2020. . The main barrier to businesses accessing bank loans is the lack of assets. […]

Financial institutions

Jack Henry and Nydig to offer bitcoin services to financial institutions

Jack Henry & Associates, Inc. (NASDAQ:JKHY) today announced that it is working with NYDIG, a leader in bitcoin technology and financial services solutions, to enable financial institutions to make bitcoin more accessible to cardholders. of account. Many consumers and businesses are turning to their financial institutions to provide bitcoin services, which this relationship will solve. […]

Personal loans

A quick guide to managing multiple personal loans as suggested by Andromeda

A person can easily qualify for multiple personal loans if they have the repayment capacity to pay the loans from their income and other expenses. Personal loans Personal loans are taken out by an individual in the event of various financial emergencies. Recently, personal loans have gained […]

Bank loans

Watchdog reviewing plan to buy Ulster Bank loans from PTSB

The state’s competition watchdog has launched a thorough assessment of Permanent TSB’s (PTSB) plan to buy £6.8bn of loans from Ulster Bank, in line with the in-depth review that it applies to transactions resulting from the exit of the British bank and competitor of KBC Bank Ireland on the Irish market. The Competition and Consumer […]

Personal loans

CRB ratings freeze hurts personal loans, lenders say

Capital markets CRB ratings freeze hurts personal loans, lenders say Monday 09 May 2022 Central Bank of Kenya. FILE PHOTO | NMG By ELIZABETH KIVUVAMore from this author Summary An estimated 99% of the 4.6 million loan accounts listed negatively with the CRBs will have their data frozen after the suspension. CRB data shows companies […]

Personal loans

Cheapest Personal Loans in a Rising Interest Rate Regime – Compare Rates

What happens when an emergency arises and you don’t have the money to deal with it? This can happen for several reasons such as a medical emergency, child marriage or education, paying off your debts, etc. This is when the personal loan can help you immediately with minimal documentation. A personal loan is an unsecured […]

Financial institutions

Argentina’s Central Bank Considers Banning Local Financial Institutions From Offering Cryptocurrency Services

Despite the central bank’s tough stance, Argentina’s digital asset market has been booming for some time. The COVID-19 pandemic has hit the country, which has been dealing with an uncertain economy in recent years. Argentina’s largest private bank by market value, and Brubank, Argentina’s digital bank, collaborated with crypto wallet Lirium to offer cryptocurrency services […]

Financial institutions

Northwestern Mutual Invests $5 Million in Black-Led Financial Institutions – InsuranceNewsNet

MILWAUKEE – May 5, 2022 – According to the Black Business Owner Spotlight 2021, 56% of Black entrepreneurs said access to capital was a recurring barrier, often limiting their ability to grow their business. To help break down this barrier and further close the racial wealth gap in the United States, Northwestern Mutual today announced […]

Bank loans

Bank lending is accelerating almost twice as fast as last year

Bank lending rose by double digits – 10% in the fortnight ending April 23 as the economy gets back on track after facing disruption from COVID-related lockdowns, nearly doubling the pace of 5.7% during the same period a year ago. Bank credit outstanding stood at Rs 119.5 lakh crore as of April 23, up 10% […]

Financial institutions

Financial Institutions Should Introduce Automation – Just Make Sure It’s the Right Kind

In recent years, the intersection of finance and technology has grown, helping to expand markets and drive innovation. While this presents a tremendous opportunity to automate businesses and streamline processes, unfortunately, far too many financial institutions, accounting departments and other finance professionals still spend time on manual, monotonous tasks and delay their ability to progress […]

Financial institutions

Amberdata raises $30 million to give financial institutions a glimpse of Web3

Blockchain asset market analytics firm Amberdata Inc. today announced that it has raised $30 million in new funds led by Knollwood Investment Advisory to expand its operations in response to growing institutional interest in the Web3 and decentralized finance. This Series B funding round brings the total raised by the company to $47 million to […]

Bank loans

Bank loans extended as RRR compliance reaches 260 billion pesos

MANILA, Philippines — Bank lending to micro, small, and medium-sized enterprises (MSMEs) as well as large corporations, used as an alternative to meeting reserve requirements, reached more than 260 billion pesos as the Bangko Sentral ng Pilipinas (BSP) continues to expand regulatory relief measures as the country gradually recovers from the impact of the pandemic. […]

Bank loans

Elon Musk’s bank loans demonstrate financial disparity in the United States

It’s easy to see why the banks agreed to give Elon Musk $25.5 billion in loans for his quest to buy Twitter. The founder of Tesla is a solvent man, with billions of dollars in stocks and possibly cryptocurrencies like dogecoin in reserve. As a serial entrepreneur, he risks paying astronomical fees for financial services […]