New Jersey Mortgage Lending Employees Charged in Fraud Scheme
NEWARK, NJ – Christopher J. Gallo, 44, of Old Tappan, New Jersey, and Mehmet A. Elmas, 32, a U.S. citizen residing in Turkey, have been charged with conspiracy to commit bank fraud,…
Hungary central bank says government lending rate plan is ‘misguided’
By Gergely Szakacs and Anita Komuves BUDAPEST (Reuters) – Hungary’s central bank on Thursday criticised a government proposal to replace interbank rates with Treasury bill yields as the main, much lower reference…
Morgan Stanley Direct Lending Fund’s shares tick down in market debut
(Reuters) – Shares of Morgan Stanley Direct Lending Fund (MSDL) dipped 1% in their market debut on Wednesday, as investor appetite for new issues continues to remain muted. The fund chiefly invests…
Morgan Stanley Direct Lending Fund raises $103.35 million in IPO
(Reuters) – Morgan Stanley Direct Lending Fund said on Tuesday it had raised $103.35 million in its initial public offering. The fund chiefly invests in riskier bonds, like those issued by middle-market…
China set to leave lending benchmark LPRs unchanged – poll
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Monday, a Reuters survey showed, after the central bank surprised markets by holding a…
Citigroup partners with LuminArx to launch private lending vehicle
(Reuters) – Citigroup launched a private lending vehicle in partnership with alternative investment manager LuminArx Capital on Thursday, looking to expand its footprint in a market that has attracted significant attention in…
Fed liquidity drains moves spotlight to usage of new lending facility
By Michael S. Derby NEW YORK (Reuters) – The traditional turbulence of money markets at year’s end could pose a first test for a new and so far largely unused central bank…
China leaves lending benchmark rates unchanged as expected
SHANGHAI/SINGAPORE (Reuters) – China stood pat on benchmark lending rates at the monthly fixing on Wednesday, matching market expectations, after the central bank kept its medium-term policy rate steady earlier last week.…
Banks mask lending to polluters with PR greenwash, ECB blog says
FRANKFURT (Reuters) – Euro zone banks talking the most about climate change are the biggest lenders to polluting industries and use public relations noise to mask their support, a blog post by…
India central bank reins in peer-to-peer lending practices – sources
By Jaspreet Kalra MUMBAI (Reuters) – India’s central bank has told peer-to-peer lending platforms to halt certain activities after inspections found rule violations and misleading sales practices, four sources with direct knowledge…
Brewer Woman Sentenced to 2 ½ Years for Wire Fraud, Making False Statements to a Lending Business & Making Straw Purchase
BANGOR, Maine: A Brewer woman was sentenced today in U.S. District Court in Bangor for wire fraud and making false statements to a mortgage lending business. She was also sentenced for making…
Affirm extends rally on Cyber Monday boost as BNPL lending surges
By Medha Singh, Chibuike Oguh and Hannah Lang (Reuters) -Shares of “buy now, pay later” provider Affirm Holdings extended a rally on Tuesday following a rating upgrade and data showing that more…
Euro zone corporate lending contracts as economy shrinks: ECB data
FRANKFURT (Reuters) -Bank lending to businesses across the euro zone fell for the first time since 2015 last month, data from the European Central Bank (ECB) showed on Tuesday, as growth faltered…
China keeps lending benchmark rates unchanged, as expected
SHANGHAI/SINGAPORE (Reuters) – China left benchmark lending rates unchanged at a monthly fixing on Monday, matching expectations, as a weaker yuan continued to limit further monetary easing and policymakers waited to see…
China expected to keep key lending rates unchanged next week
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Monday, after the central bank kept medium-term interbank rates steady and amid wider concerns…
Blackstone to raise $400 million to boost credit fund’s lending power – FT
(Reuters) – Blackstone is in the final stages of raising about $400 million for its Blackstone Private Credit Fund (BCRED) to secure additional investment advantage, the Financial Times reported on Thursday. The…
IMF board approves plan to enhance lending resources without shareholding changes
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Tuesday its executive board approved a proposal for a 50% increase in quota resources to be contributed by member countries in…
Australia’s NAB targets at least $633 million in lending to indigenous businesses
(Reuters) – National Australia Bank Ltd said on Wednesday it has set a new target to more than double its lending to indigenous businesses and communities to at least A$1 billion ($633.70…
US Federal Reserve to meet Oct. 24 to discuss final fair lending rule
(Reuters) – The Federal Reserve will meet Oct. 24 to discuss final rules updating requirements for fair lending by banks under a long-standing law, the central bank announced Tuesday. The pending update…
Rochester man arrested, accused of defrauding lending company out of hundreds of thousands of dollars
ROCHESTER, N.Y. – U.S. Attorney Trini E. Ross announced today that Paul Paredes, 52, of Rochester, NY, was arrested and charged by criminal complaint with wire fraud, money laundering and aggravated identity…
World Bank, multilateral development banks jointly seek to boost lending power
MARRAKECH, Morocco (Reuters) – The World Bank on Friday said it is bolstering collaboration with nine multilateral development banks (MDBs) to accelerate its vision of a liveable planet free of poverty. It…
China’s Sept new bank lending jumps less than expected
BEIJING (Reuters) – China’s new bank loans came in softer than expected in September, figures from the central bank showed on Friday, even as it strives to bolster a shaky economic recovery…
Multilateral development banks, keen to expand lending, to meet with ratings agencies
By Andrea Shalal MARRAKECH, Morocco (Reuters) – Senior executives at multilateral development banks will meet on Wednesday with the top credit ratings agencies, bank executives said, amid a broad push to expand…
Hungary raises deficit gap, puts pressure on banks to boost lending
BUDAPEST (Reuters) – Hungary’s government has raised the 2023 budget deficit target to 5.2% of economic output from 3.9%, the finance ministry said on Tuesday, citing increased spending on pensions, energy subsidies…
Asian Development Bank unveils capital moves to boost lending by $100 billion over a decade
By David Lawder (Reuters) – The Asian Development Bank (ADB) unveiled new capital reforms on Friday that will unlock $100 billion in new financing capacity over 10 years as the lender expands…
Varde raises nearly $1.5 billion for asset-based lending opportunities
(Reuters) – Alternative investment firm Varde Partners has raised nearly $1.5 billion from institutional investors for asset-based lending through its Varde Asset Lending Fund II and related accounts and co-investments, it said…
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