HARRISBURG, Pa. — Over 1,300 Pennsylvania consumers who borrowed money through SoLo Funds, Inc., an online peer-to-peer lending platform, have received restitution payments following a settlement with the state, Attorney…
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…
LONDON (Reuters) – The European Union’s lending arm, the European Investment Bank (EIB) has signed a pledge to speed up the use of over 560 million euros ($595.90 million) it…
FRANKFURT (Reuters) – The European Central Bank said on Monday it would lower the bar for lending to central banks from outside the European Union in times of crisis. The…
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…
(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…
(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…
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…
(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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
(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…
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…
(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…
(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…
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…
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…
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…