Crypto lender Nexo seeks $3 billion in damages from Bulgaria over aborted investigation
By Elizabeth Howcroft and Kirstin Ridley LONDON (Reuters) – Cryptocurrency lender Nexo is seeking $3 billion in damages from Bulgaria over an aborted criminal investigation that the company alleges scuppered its plans…
Australian lender NAB to close Hong Kong office
By Navya Mittal and Echha Jain (Reuters) – National Australia Bank (NAB) said on Thursday it would shut its Hong Kong branch, as offices in Singapore, Tokyo and Shanghai were its preferred…
Aussie lender NAB to cut 10% jobs in markets division – AFR
(Reuters) – National Australia Bank is preparing to cut around 60 jobs of the 600-staff at its markets division and undertake a broad restructuring exercise across its seven business, the Australian Financial…
Mortgage lender Better’s shares sink in grim Nasdaq debut
By Hannah Lang and Lance Tupper (Reuters) -Shares in Better Home & Finance Holding plummeted more than 93% on Thursday as investors snubbed the online mortgage lender, which went public via a…
Mortgage lender Better set for Nasdaq debut in test for choppy markets
By Hannah Lang (Reuters) – SoftBank-backed Better, the digital mortgage lender which hit the headlines in 2021 after laying off 900 employees on Zoom, is set to go public on the Nasdaq…
India’s newest infra lender to loan 1 trillion rupees this fiscal -official
By Ira Dugal MUMBAI (Reuters) – The Indian government-backed National Bank for Financing Infrastructure and Development (NaBFID) expects to sanction close to 1 trillion rupees ($12.23 billion) in loans this financial year,…
Factbox-PacWest Bancorp, US regional lender in spotlight
(Reuters) – PacWest Bancorp said late on Wednesday that it was in talks with potential partners and investors about strategic options after shares of the lender and several other U.S. regional banks…
CEO of PPP Lender MBE Capital Pleads Guilty to Fraudulent Loan and Lender Applications
NEW YORK – Rafael Martinez, CEO of MBE Capital Partners, pled guilty today to conspiring to commit wire fraud in connection with loan and lender applications submitted through the Paycheck Protection Program…
Crypto lender Silvergate’s descent into voluntary liquidation
(Reuters) – Crypto-focused bank Silvergate Capital Corp became the latest casualty of a meltdown in the industry after announcing plans to wind down operations and voluntarily liquidate. Founded in 1988, Silvergate ventured…
Crypto lender Voyager’s customers vote in favor of bankruptcy plan
(Reuters) – Customers of Voyager Digital voted in favor of the crypto lender’s Chapter 11 bankruptcy plan, the company said in a tweet on Tuesday. Of those who participated in the voting,…
Revlon reaches lender settlement, sends bankruptcy plan to vote
By Dietrich Knauth (Reuters) – Revlon Inc on Tuesday announced a deal with a holdout faction of lenders, removing the largest remaining roadblock to a plan that would allow the cosmetics maker…
Dominant Russian lender Sberbank’s profits rise 9.8% y/y in Jan
By Alexander Marrow MOSCOW (Reuters) – Russia’s largest lender Sberbank said on Thursday its January net profit rose 9.8% year-on-year to 110.1 billion roubles ($1.51 billion), due to restrained growth in expenses…
BNPL lender Affirm to cut about 19% of its workforce
(Reuters) – Buy-now-pay-later lending firm Affirm Holdings Inc on Wednesday announced a restructuring plan to reduce about 500 employees, or about 19% of its workforce, sending the company’s shares down about 18%…
India’s largest mortgage lender HDFC misses Q3 profit view on higher funding costs
BENGALURU (Reuters) – Housing Development Finance Corp (HDFC), India’s largest mortgage lender, reported a 13.2% rise in third-quarter profit on Thursday, missing estimates, as higher funding costs took the shine off strong…
U.S. lender Citizens stepping back from auto loans – CEO
By Saeed Azhar NEW YORK (Reuters) – U.S. lender Citizens Financial Group cut back on auto lending last year and plans to further reduce its exposure to the segment as it becomes…
U.S. lender Citizens stepping back from auto loans – CEO
By Saeed Azhar NEW YORK (Reuters) – U.S. lender Citizens Financial Group cut back on auto lending last year and plans to further reduce its exposure to the segment as it becomes…
Former Suffolk County Legislator And Co-Conspirator Convicted Of Defrauding Mortgage Lender Out Of More Than A Quarter Of A Million Dollars
Damian Williams, the United States Attorney for the Southern District of New York, announced the convictions of GEORGE GULDI, a former Suffolk County legislator and disbarred attorney, and VICTORIA DAVIDSON for defrauding…
Dubai lender Emirates NBD 2022 net profit up 40%
DUBAI (Reuters) – Emirates NBD, Dubai’s biggest lender, reported a 40% jump in 2022 net profit to 13 billion dirhams ($3.5 billion) on Thursday, helped by higher interest rates and transaction volumes…
Brazilian lender Santander’s Chairman Rial resigns
SAO PAULO (Reuters) – Brazilian lender Santander Brasil SA said on Friday its chairman and former chief executive, Sergio Rial, is resigning from his position at the firm. The resignation comes just…
Windsor Resident Sentenced to 33 Months in Prison for Defrauding Employer and its Lender of More than $700K
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, announced that MARGARET BOISTURE, 51, of Windsor, was sentenced today by U.S. District Judge Omar A. Williams in Hartford to 33…
Crypto lender Genesis tells clients it is working to preserve their assets
LONDON (Reuters) – U.S. crypto firm Genesis is working to preserve client assets and strengthen liquidity, it said in a letter to clients on Wednesday, adding that it would take “weeks rather…
Crypto lender Nexo to quit United States
By Elizabeth Howcroft LONDON (Reuters) – UK-based crypto lender Nexo said on Monday it would phase out its U.S. products and services over the coming months due to clashes with regulators. “Our…
Crypto lender Genesis hires restructuring adviser – New York Times
(Reuters) – Troubled cryptocurrency lender Genesis Global Capital has hired investment bank Moelis & Company to explore options including a potential bankruptcy, the New York Times reported on Tuesday citing three people…
Explainer-Crypto lender Genesis plagued by contagion concern after FTX blowup
By Hannah Lang and Elizabeth Howcroft (Reuters) – The uncertain future of Genesis Global Capital, one of the biggest crypto lenders, is fueling concern that the recent collapse of crytpo exchange FTX…
Crypto lender BlockFi says it has significant exposure to FTX
(Reuters) -Cryptocurrency lender BlockFi said on Monday it has significant exposure to Sam Bankman-Fried’s crypto exchange FTX, and associated entities, that last week filed for bankruptcy. FTX founder Bankman-Fried also resigned as…
Top Russian lender Sberbank expands financial terminal capabilities
MOSCOW (Reuters) – Russia’s dominant lender Sberbank on Thursday said it had expanded the capabilities of its SberCIB Terminal to add services previously provided by data providers that have suspended operations in…
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