By Stefania Spezzati LONDON (Reuters) – The European Central Bank has asked some banks to closely monitor activity on social media to detect a worsening … Read more
SHANGHAI/BEIJING (Reuters) – China’s central bank asked some lenders to cap interest rates on an interbank debt instrument this month, people with knowledge of the … Read more
Gregory J. Haanstad, United States Attorney for the Eastern District of Wisconsin, announced that on October 17, 2023, defendants Aziz Hassan Bey, Letez Osiris Bey, Minister … Read more
NEW YORK (Reuters) – Morgan Stanley was sued on Monday for at least $750 million by private equity firms that claimed they were defrauded in … Read more
By Jody Godoy (Reuters) – A California judge is poised to decide if an online lender offering small loans at over 150% interest violates state … Read more
(Reuters) -Money-losing private jet charter company Wheels Up Experience said on Tuesday it would give up 95% of its common stock in return for a … Read more
(Reuters) -Private jet company Wheels Up Experience is in talks with lenders about a debt restructuring while exploring other options to avoid bankruptcy, the Wall … Read more
(Reuters) – Tupperware Brands said on Thursday it has finalized an agreement with its lenders to restructure its debt obligations in an effort to turnaround … Read more
By Rae Wee SINGAPORE (Reuters) – When global commercial real estate services firm JLL found public debt and loan markets were averse to funding a … Read more
By Winni Zhou and Ryan Woo SHANGHAI/BEIJING (Reuters) – China’s major state banks have lowered their dollar deposit rates for the second time in a … Read more
By Huw Jones LONDON (Reuters) -The Bank of England said on Monday that banks may be underestimating their exposure to private equity and to commodity … Read more
(Reuters) – U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Financial institutions … Read more
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – Bank of Japan Deputy Governor Ryozo Himino said the country’s banking sector remains sound and has … Read more
SAO PAULO (Reuters) – The chief executives of Brazil’s largest private lenders, Itau and Bradesco, defended on Tuesday the government’s planned tax reform, emphasizing that … Read more
BEIJING (Reuters) – Several Chinese commercial banks cut interest rates on a range of yuan deposits from Monday, following their larger peers in a coordinated … Read more
By Jorgelina do Rosario and Uditha Jayasinghe WASHINGTON/COLOMBO (Reuters) – Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with … Read more
BEIJING (Reuters) – China’s top lenders should enhance risk management practices and be more sensitive to macroeconomic fluctuations, senior Chinese banking officials said, in response … Read more
SEOUL (Reuters) -South Korea’s top financial regulator on Friday called on the country’s major banking groups to cooperate with the government’s efforts to help cut … Read more
(Reuters) – Australian banks are well-positioned to deal with the pressures emanating from the recent bank runs in the United States, but their margins could … Read more
By Tatiana Bautzer and Nupur Anand LAS VEGAS (Reuters) – Mid-sized U.S. lenders are getting creative as they try to hang onto customer deposits after … Read more
By Huw Jones LONDON (Reuters) – The Bank of England will decide by year end if tougher disclosure rules are needed for banks after the … Read more
NEW DELHI (Reuters) -Chinese Foreign Minister Qin Gang called on global financial institutions on Thursday to play an active role in restructuring the debt of … Read more
Damian Williams, the United States Attorney for the Southern District of New York, announced today that ANTHONY RICCARDI, an owner and manager of the Connecticut … Read more
By Gabriel Araujo SAO PAULO (Reuters) – Banco BTG Pactual SA on Monday became the latest Brazilian lender to be affected by bad credit provisions … Read more
Damian Williams, the United States Attorney for the Southern District of New York, announced today that NIHAT CARDAK, the former Chief Financial Officer (“CFO”) of … Read more
By Jorgelina do Rosario and Rachel Savage LONDON/JOHANNESBURG (Reuters) – The Export-Import Bank of China (EximBank) will lead Beijing’s team to renegotiate nearly $6 billion … Read more
(Reuters) – Banks that lent $12.7 billion to Elon Musk for his $44 billion Twitter takeover will hold the debt until early next year as … Read more
By Lucy Craymer and Upasana Singh (Reuters) – The Reserve Bank of New Zealand said on Tuesday a preliminary analysis of its climate change stress … Read more
By Lucy Craymer and Upasana Singh (Reuters) – The Reserve Bank of New Zealand said on Tuesday a preliminary analysis of its climate change stress … Read more
ANKARA (Reuters) – Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during “off … Read more
ANKARA (Reuters) – Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during “off … Read more
By Dietrich Knauth (Reuters) – Movie theater chain Cineworld Group on Monday announced a bankruptcy settlement with its landlords and lenders, clearing the way for … Read more
BEIJING (Reuters) – Three of China’s largest lenders posted third quarter profit rises of over 6% as non-performing loan ratios shrunk. Industrial and Commercial Bank … Read more
By Isabel Woodford MEXICO CITY (Reuters) – Mexico’s biggest non-bank lenders may need to become licensed banks, analysts said, as they maneuver through growing market … Read more
LONDON (Reuters) – A record 935 mortgage products were pulled in Britain overnight, financial services provider Moneyfacts said on Wednesday, as deepening turmoil in financial … Read more
By Andy Bruce LONDON (Reuters) -Turmoil in British financial markets forced mortgage lenders to temporarily withdraw and reprice products for new customers on Monday, a … Read more
(Reuters) – Australia and New Zealand Banking Group joined National Australia Bank in raising its variable home loan interest rates on Friday, passing on the … Read more
Damian Williams, the United States Attorney for the Southern District of New York, announced today that ROBERT BERNARDI, the founder, and former Chief Executive Officer … Read more
By Nupur Anand and Aditi Shah MUMBAI -Three Indian banks have internally categorised loans to SpiceJet Ltd as being at “high risk” though the airline … Read more
JAKARTA – Indonesia has launched a crackdown on peer-to-peer (P2P) lenders through a new regulation and capital requirements, in a move that industry sources say … Read more
(Reuters) – Crypto lenders, which boomed during the COVID-19 pandemic, have run into difficulties recently due to a slump brought on by the downfall of … Read more
(Reuters) – Australia’s major lenders raised their home loan variable interest rates on Wednesday by 50 basis points per annum, a day after the central … Read more
By Elizabeth Dilts Marshall NEW YORK – More than half of the new employees banks and other financial services companies hired in 2021 are based … Read more
By Huw Jones LONDON – Banks have begun quietly trying to persuade the European Union to tone down proposals to toughen scrutiny of non-EU lenders … Read more
BOSTON – The principal and co-founder of a mortgage short sale assistance company was sentenced yesterday in connection with defrauding mortgage lenders and investors out … Read more
Damian Williams, the United States Attorney for the Southern District of New York, announced today that ERIN VERESPY was sentenced to 66 months in prison … Read more
CHICAGO — A Chicago investment manager who swindled more than $10 million from clients and lenders has been sentenced to 17 years in federal prison. … Read more