HSBC in talks to sell Russian lending business to Expobank -source
LONDON – HSBC is in advanced talks to sell its Russian corporate lending business to Expobank, a source with knowledge of the matter told Reuters, …
Lending
Turkey halts lending to FX-rich firms in latest clampdown
ISTANBUL -Turkey on Friday restricted lending to many companies with more than $1 million in foreign currency cash, the latest step to reverse a tumbling …
China likely to keep lending benchmark LPR unchanged amid global central bank tightening
SHANGHAI – About 90% of traders and analysts in a Reuters survey expected China to keep benchmark interest rates unchanged at its monthly fixing on …
HSBC leaves best lending rate unchanged at 5% despite central bank hike
HONG KONG – HSBC Holdings said on Thursday it will leave its best lending rate unchanged in Hong Kong at 5% despite the city’s central …
Explainer-The world of crypto lending
By Tom Wilson, Elizabeth Howcroft and Hannah Lang LONDON – Major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers on Monday, citing “extreme” …
Beijing’s drive for looser lending raises fears of bank margin squeeze
SHANGHAI – Beijing’s mandate to aid virus-hit sectors has left China’s banking sector lagging behind a broader market rally as the economy reopens, with investors …
China’s lending policy could trigger new debt crisis – Germany’s Scholz
BERLIN – A lack of transparency in China’s lending poses a threat to developing and emerging countries and could trigger a new debt crisis, German …
China central bank urges more lending to small firms amid COVID shocks
BEIJING -China’s central bank said on Thursday it would promote more credit for smaller firms and boost financial institutions’ confidence to lend funds, as policymakers …
Hungary’s OTP to step up lending to farmers in war-torn Ukraine
By Gergely Szakacs BUDAPEST – OTP Bank will step up lending to Ukraine’s farmers this year under a Kyiv-backed programme to help them overcome financing …
China seen lowering lending benchmark LPR to support economy:Reuters Poll
SHANGHAI – China is expected to cut benchmark lending rates at its monthly fixing on Friday, a second reduction this year, a Reuters survey showed, …
Citi, UK’s BII agree $100 million risk-sharing lending deal for Africa
LONDON -British International Investment (BII) and U.S. bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending to small businesses across …
Zimbabwe central bank says bank lending freeze is temporary
HARARE – Zimbabwe’s freeze on bank lending is a temporary measure which is meant to contain inflation and stabilise its economy, central bank governor John …
Zimbabwe’s bank lending freeze will worsen economic crisis -business chamber
(Reuters) – Zimbabwe’s decision to suspend bank lending in a desperate bid to arrest the rapid devaluation of its currency will worsen the economic crisis …
Zimbabwe suspends bank lending in bid to arrest currency decline
HARARE – Zimbabwe’s government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against …
Wells Fargo wins dismissal of shareholder lawsuit over commercial lending
By Jonathan Stempel (Reuters) – A federal judge on Friday dismissed class-action claims that Wells Fargo & Co, the fourth-largest U.S. bank, misled or defrauded …
Lending to euro zone businesses slowed in early weeks of Ukraine war
FRANKFURT – Bank lending to euro zone businesses slowed in March, reinforcing expectations that Russia’s war in Ukraine would prompt both banks and corporations to …
NZ cenbank to finalise debt servicing curbs framework for mortgage lending by late 2022
(Reuters) – The Reserve Bank of New Zealand on Wednesday said it intends to finalise a framework on debt servicing restrictions (DSRs) on residential mortgage …
China likely to lower benchmark lending rates after RRR cut – Reuters poll
SHANGHAI – Benchmark lending rates for China’s commercial banks are likely to be lowered at a monthly fixing on Wednesday, a Reuters survey showed, as …
ECB tells banks to cut lending to indebted borrowers after binge
FRANKFURT – The European Central Bank has told banks to cut lending to the most indebted borrowers, which could poke a hole in their balance …
Deutsche Bank’s U.S. affiliate, following the Fed, raises prime lending rate
– Germany’s Deutsche Bank AG said on Thursday its U.S. affiliate had increased its prime lending rate by 25 basis points, mirroring moves by major …
Credit Suisse faces investor call to cut lending for fossil fuels
By Simon Jessop and Brenna Hughes Neghaiwi LONDON/ZURICH – Investors managing $2.4 trillion are calling on Credit Suisse to take tougher climate action, including cutting …
Japan bank lending growth slows to decade-low as pandemic-induced strain eases
By Leika Kihara TOKYO -Japan’s bank lending rose at the slowest increase in a decade in February as immediate pressure for corporates to borrow cash …
Lending to euro zone households grows at fastest rate since late 2008
FRANKFURT – Growth in bank loans to euro zone households accelerated again last month, growing at the fastest pace since late 2008, European Central Bank …
Lending to Swedish households up 6.7 pct in January
STOCKHOLM, Feb 25 – Total lending to Swedish households rose 6.7 percent year-on-year in January, down from plus 6.8 percent in the previous month, the …
Thai banks’ bad loans at 2.98% of lending at end-December
BANGKOK – Thai banks’ non-performing loans slightly dropped to 2.98% of total lending at the end of December from 3.14% as the end of September, …
California cannot block rule it says invites predatory lending
By Jody Godoy – A U.S. judge on Tuesday upheld a rule that allows national banks to sell loans without adhering to state interest rate …
ANZ shares near one-year low as home lending competition crimps margins
By Shashwat Awasthi – Australia and New Zealand Banking Group on Monday joined rival Westpac in flagging lower margins and warned of a first-half hit …
Biden nominee Raskin vows Fed will monitor climate risk, not dictate lending
By Pete Schroeder and Hannah Lang WASHINGTON -Sarah Bloom Raskin, President Joe Biden’s pick to be the Fed’s top bank regulator, told U.S. lawmakers on …
U.S. banks see business lending driving 2022 growth
By Elizabeth Dilts Marshall NEW YORK – Demand for business loans is picking up in the United States as an economic recovery drives consumer spending …
Raskin tells Senate it is not Fed’s job to prescribe bank lending
By Pete Schroeder WASHINGTON – Sarah Bloom Raskin, President Joe Biden’s pick to lead the Federal Reserve’s regulatory work, plans to tell lawmakers she does …
Former Chief Lending Officer of New Jersey Bank Sentenced to 18 Months in Prison for Making False Statements to United States to Secure Federal Guarantees on Loans
TRENTON, N.J. – A Pennsylvania man was sentenced today to 18 months in prison for securing a federal guarantee on certain loans by making false …
Justice Department Settles with State of New Jersey’s Student Lending Authority for Alleged Violations of Servicemembers Civil Relief Act
NEWARK, N.J. – The Department of Justice announced today that the New Jersey Higher Education Student Assistance Authority (HESAA) has agreed to enter into a …