Financial institutions

FinCEN urges vigilance of financial institutions in anticipation of Russian sanctions evasion attempt | Troutman pepper

Following significant sanctions and other restrictions imposed by the United States and its global allies following the Russian Federation’s invasion of Ukraine, the Financial Crimes Enforcement Network (FinCEN) has issued an alert (FinCEN Alert) on March 7, advising financial institutions how to identify and report potential attempts to evade sanctions. The FinCEN Alert provides a […]

Financial institutions

FinCEN urges vigilance from financial institutions ahead of Russian sanctions evasion attempt

Following significant sanctions and other restrictions imposed by the United States and its global allies following the Russian Federation’s invasion of Ukraine, the Financial Crimes Enforcement Network (FinCEN) has issued an alert (FinCEN Alert) on March 7, advising financial institutions how to identify and report potential attempts to evade sanctions. The FinCEN Alert provides a […]

Bank loans

Bank loans rose 8.5% in January for a sixth consecutive month of growth

Bank lending by universal and commercial banks rose for the sixth consecutive month at a faster pace of 8.5% in January, after the revised rise of 4.8% in December. “Bank lending improved further as the easing of COVID-19 related restrictions and the continued rollout of the vaccine supported market sentiment and demand. On a seasonally […]

Bank loans

Real Estate Bank Loans – Syria Report

Established in 1966 as a public institution, the Real Estate Bank of Syria finances various types of loans related to the purchase, renovation or restoration of real estate. According to the bank’s 2021 financial statements, published in the Al Watan newspaper, the Real Estate Bank granted loans related to real estate as follows: 1,661 loans […]

Bank loans

Dbeibah says his government will provide land and bank loans to young Libyans

Libyan Prime Minister Abdul Hamid Dbeibah promised to start on Sunday the process of distributing land and bank loans for young people, in addition to medical insurance and salary increases for different groups of people. Speaking at Martyrs’ Square in Tripoli on the 11th anniversary of the February 17 revolution, Dbeibah said his government would […]

Bank loans

New Chinese bank lending hit record high in January as Cenbank eases policy

Jan new loans 3.98 trln yuan vs f’cast 3.69 trln yuan Money supply Jan M2 +9.8% y/y, vs f’cast of +9.2% Jan TSF 6.17,000,000 yuan, compared to 5.46,000,000 yuan f’cast C.bank eases policy to support slowing economy BEIJING, Feb 10 (Reuters) – New bank lending in China more than tripled in January from a month […]

Personal loans

Review of LightStream Personal Loans 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 […]

Bank loans

December bank lending rose 4.6% amid favorable PH outlook

Bank lending grew at a faster pace in December due to higher credit demand amid an improving economic outlook, the Bangko Sentral ng Pilipinas said on Monday. Preliminary data showed outstanding universal and commercial bank loans, net of reverse repurchase investments with the BSP, rose 4.6% year-on-year in December, faster than the 4.0% rise. in […]

Personal loans

What to know before borrowing

Payday loans usually come with very high interest rates and are often based on your income. Personal loans are long-term installment loans that generally have lower rates than payday loans. Payday loans are always a worse option than personal loans due to their high rates. Read more stories from Personal Finance Insider. Loading Something is […]

Personal loans

Why You Should Consult Multiple Banks for Personal Loans

kupicoo/Getty Images If you need a personal loan, you might be tempted to go with the first loan you can find. You might need money quickly and feel like you don’t have time to shop. While understandable, verifying multiple banks has several benefits that you won’t want to miss. Lower fees and interest rates are […]

Bank loans

Favorable taxation for startups, bank loans for drivers, drop in the E-auto GST rate

New Delhi, First published Jan 20, 2022, 2:19 p.m. IST Expectations are high for the 2022 Union budget, which Finance Minister Nirmala Sitharaman will present on February 1. Asianet Newsable reached out to businesses across all sectors to understand their hopes for the Union budget. Continue reading. Rahul Tadimalla, Executive Director, Prime Securities and Advisory […]

Bank loans

Bank lending to government rises 23% in nine months to N2.1tn

Posted January 11, 2022 Bank loans to the government increased by 22.59%, reaching N2.17 billion at the end of September 2021 against N1.77 billion recorded in December 2020. This represents an increase of 400 billion naira over the nine-month period. This was in the Central Bank of Nigeria report titled “The Sectoral Allocation of Depository […]

Bank loans

REHAB Fair sees commitments for bank loans of Tk 1,500 crore

Prospective buyers have received pledges of around Tk 1,500 crore from banks to purchase apartments, land and commercial spaces at the Real Estate and Housing Association of Bangladesh (REHAB) fair . Various real estate companies sold apartments, land and commercial spaces worth Tk 397 crore during the fair held at the Bangabandhu International Conference Center […]

Bank loans

China: New November Bank Loans Increase Less Than Expected As Position Shifts Towards Easing

BEIJING: New bank lending to China increased less than expected in November compared to the previous month, even as the central bank seeks to support slowing growth in the world’s second-largest economy. Chinese banks granted 1.27 trillion yuan ($ 200.19 billion) in new yuan loans in November, up from October but below analysts’ expectations, according […]

Bank loans

China New bank lending in November rises less than expected as stance tilts toward easing

Nov new loans 1.27 trln yuan against f’cast 1.56 trln yuan Money supply Nov M2 +8.5% y/y, vs f’cast of +8.7% Nov TSF 2.61 trillion yuan, vs f’cast 2.70 trillion yuan C.bank’s stance tilts toward easing as growth slows BEIJING, Dec 9 (Reuters) – New bank lending in China rose less than expected in November […]

Bank loans

China Oct, new bank loans fall less than expected, mortgages rise

BEIJING: New bank lending to China fell sharply in October compared to the previous month, but not as bad as expected by analysts who expect the central bank to cautiously ease monetary policy amid the risks of stagflation. Data released by the People’s Bank of China on Wednesday showed that banks made new loans of […]

Bank loans

China October New bank loans fall less than expected, mortgages rise | Investment News

By Judy Hua and Kevin Yao BEIJING (Reuters) – New bank lending in China fell sharply in October from the previous month, but not as badly as analysts expected, expecting the central bank to cautiously ease monetary policy amid the risks. of stagflation. Data released by the People’s Bank of China on Wednesday showed banks […]

Bank loans

China’s new October bank loans are expected to halve from the previous month – Reuters poll

BEIJING: New bank lending to China is expected to have plunged in October from the previous month, but yuan lending is expected to be higher than a year earlier, a Reuters poll showed, as the central bank wary of the policy easing amid stagflation concerns. . It is estimated that Chinese banks issued 800 billion […]

Bank loans

China’s October new bank loans expected to halve from previous month

U.S. 100 dollar banknotes and Chinese 100 yuan banknotes are pictured at a branch of a foreign bank in Beijing January 4, 2016. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register New loans in October at 800 billion yuan against 1.66 trln yuan in September Money supply growth in October at 8.3% […]

Bank loans

China’s October new bank loans expected to be halved from previous month – Reuters poll | Investment News

BEIJING (Reuters) – New bank lending in China is expected to have plunged in October from the previous month, but yuan lending is expected to be higher than a year earlier, according to a Reuters poll, as the central bank wary of policy easing amid stagflation concerns. Chinese banks are estimated to have issued 800 […]

Financial institutions

FTC finalizes safeguard rules for non-bank financial institutions – Finance et Banque

United States: FTC finalizes safeguard rules for non-bank financial institutions 06 November 2021 Sheppard Mullin Richter & Hampton To print this article, all you need to do is be registered or log in to Mondaq.com. On October 27, the FTC announced a final rule changing standards for protecting customer information, […]

Financial institutions

FTC Amends GLBA Safeguard Rule on Financial Institutions

Wednesday, November 3, 2021 Last week, the Federal Trade Commission (the “FTC”) issued a final rule amending the standards for protecting customer information (commonly referred to as the “safeguard rule”) enacted under the Gramm-Leach-Bliley Act ( “GLBA”). The final safeguard rule, approved by FTC commissioners along party lines, will require financial institutions to make significant […]

Financial institutions

6 financial institutions under investigation for money laundering – FID

At least six institutions operating in the island’s financial sector have been flagged by the Financial Investigations Division (FID) as not following the law and their operations “may be used to facilitate money laundering”. According to FID Senior Director Keith Darien, “…We think a few of these (financial) institutions will be prosecuted, or will have […]

Bank loans

Growing Risks of Bank Lending Amid Pandemic – Opinion

Harry Pattikawa (Jakarta Post) PREMIUM Rotterdam, Netherlands ● Thu 21 October 2021 Bank Indonesia (BI) and the Indonesian Financial Services Authority (OJK) have been actively working hand in hand to rescue the national economy from the health crisis caused by COVID-19. BI increased the Loan to Value Ratio (LTV) regulation from 80-90% to 100%. LTV […]

Bank loans

China Bank loans in September rise less than expected, broader credit growth slows

BEIJING: New bank lending in China accelerated in September from the previous month, but fell short of expectations as the central bank tried to support the sluggish economic recovery while keeping an eye on rising debt and bubble risks. The world’s second-largest economy has rebounded from the depths of the COVID-19 pandemic, but has shown […]

Debt finance

S. Korea mulls additional steps to reduce household debt: CFO

SEOUL, Sept. 15 (Yonhap) — Finance Minister Hong Nam-ki said Wednesday that the government will explore additional measures to reduce household debt, including stricter lending rules for non-bank institutions. , if necessary. Hong said the country would seek to minimize the impact of loan regulations on people trying to take out loans to find rental […]

Bank loans

Bank lending to NBFCs grows more slowly as credit to small lenders dries up

Outstanding credit to non-bank lenders has been growing in the low numbers for much of the current year, with banks’ NBFC book actually down 2.2% year-on-year in June 2021. Growth in outstanding bank loans to non-bank financial corporations (NBFCs) has slowed significantly on an annual basis (year-on-year) in 2021, according to data released by the […]

Bank loans

Bank lending to real estate and construction sectors tops $10 billion

The Cambodian banking sector’s combined exposure to real estate and construction loans amounted to 31% of the sector’s total loan portfolio of $33.9 billion at the end of June, or about $10.5 billion, according to the central bank. Broken down by segment, mortgages, construction and real estate accounted for $4.44 billion (13.1%), $3.22 billion (9.5%) […]

Bank loans

Chinese bank lending unexpectedly increases in May, but broader credit growth slows

A Chinese yuan note is seen in this illustrative photo from May 31, 2017. REUTERS/Thomas White/Illustration Join now for FREE unlimited access to Reuters.com Register BEIJING, June 10 (Reuters) – China’s new bank lending unexpectedly rose in May from a month earlier, but overall credit growth continued to slow as the central bank sought to […]

Debt finance

White & Case develops debt finance practice in Johannesburg

White & Case has recruited a second Allen & Overy partner for its global debt financing program in Johannesburg… White & Case has engaged a second Allen & Overy partner for its global debt finance practice in Johannesburg, as the firm’s regional banking and finance heads see growing demand for telecoms, infrastructure and energy expertise. […]

Debt finance

Government Leads the Way to Allow REITs to Debt REITs and InvITs

The Ministry of Finance said on Thursday that the finance bill proposes amendments to allow foreign portfolio investors (REITs) to enter into debt financing of emerging investment vehicles – REITs and InvITs. This decision aims to increase funds for the infrastructure and real estate sectors. Finance Minister Nirmala Sitharaman announced the move during the 2021 […]

Debt finance

Government Allows REITs to Debt REITs and InvITs

In a major move to increase funds for the infrastructure and real estate sectors, the government proposed on Monday to allow foreign portfolio investors to enter into debt financing of emerging investment vehicles – REITs and the invites. In the Union budget for 2021-2022, Finance Minister Nirmala Sitharaman also proposed to exempt REITs and InvITs […]