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,…
China seen leaving lending benchmarks unchanged, wary of yuan weakness
SHANGHAI (Reuters) – China is expected to keep benchmark lending rates unchanged for the third straight month on Monday, a Reuters survey showed, as policymakers remain reluctant to drive the yuan lower…
Australia’s CBA Q1 profit jumps on lending growth, rising interest rates
By Sameer Manekar (Reuters) – Commonwealth Bank of Australia, the country’s largest bank, on Tuesday reported better-than-expected cash earnings for the first quarter, helped by lending growth and rising interest rates. Australian…
HSBC raising best lending rate to 5.375% after Hong Kong rate hike
HONG KONG (Reuters) – HSBC Holdings said on Thursday it is raising its best lending rate in Hong Kong by 25 basis points to 5.375% effective Nov. 4 after the city’s de…
Caixabank’s Q3 net profit rises 19% on lending and insurance
MADRID (Reuters) – Spain’s Caixabank on Friday said that its net profit in the third quarter rose 18.8% against a year ago thanks to an increase in lending income, fees and higher…
Royal Bank of Canada eyes 2030 emission cuts in lending portfolio
By Manya Saini and Simon Jessop LONDON (Reuters) – Royal Bank of Canada on Wednesday released interim 2030 targets to cut carbon emissions linked to some of its loans, yet drew criticism…
Japan Industrial Partners-led group likely to miss lending deadline for Toshiba buyout -Kyodo
TOKYO (Reuters) -The preferred bidder to buy out Toshiba Corp, a group led by private equity firm Japan Industrial Partners (JIP), is likely to miss the deadline to secure bank loans for…
Turkey halts lending to more FX-rich firms to boost lira
ISTANBUL (Reuters) – Turkey tightened lending rules for many companies with more than $500,000 in foreign currency cash on Friday, sweeping up more borrowers under rules adopted in June in the latest…
China expected to leave lending benchmarks unchanged this week
SHANGHAI (Reuters) – China is widely expected to keep benchmark lending rates unchanged for a second straight month on Thursday, a Reuters survey showed, although a few market watchers think authorities will…
Justice Department Announces Actions to Resolve Lending Discrimination Claims Against Evolve Bank & Trust Settlement Provides $1.3 Million to Compensate Affected Borrowers
Memphis, TN – The Justice Department today announced it has secured an agreement to resolve allegations that Evolve Bank & Trust, which is headquartered in Memphis, engaged in lending discrimination on the basis of…
HSBC to raise best lending rate to 5.125% after HK rate hike
HONG KONG (Reuters) – HSBC Holdings said on Thursday it raised its best lending rate in Hong Kong by 12.5 basis points to 5.125% effective Sept. 23 after the city’s central bank…
China set to keep lending benchmarks unchanged amid yuan pressure
SHANGHAI (Reuters) – China is expected to keep lending benchmarks unchanged this week, a poll of market participants showed, with authorities seen holding off monetary easing in the short-term to avoid more…
Bank of America enlists thousands of employees for wealth lending group
By Lananh Nguyen NEW YORK (Reuters) – Bank of America Corp created a new group in its global wealth and investment management division to focus on lending to rich clients, the company…
Russia’s VTB Bank sees room for key rate cut to 7% to stimulate lending
VLADIVOSTOK, Russia (Reuters) – Russia’s VTB Bank CEO Andrei Kostin on Wednesday said there was room for the central bank to cut its key rate to 7.5% and then 7% from 8%…
Russia’s Sberbank begins lending in Chinese yuan, bank official says
VLADIVOSTOK, Russia (Reuters) – Russia’s largest lender, Sberbank, on Tuesday said it had started lending in Chinese yuan, as Moscow looks to develop its financial infrastructure in countries that have not imposed…
India’s digital lending rules spark disruption, firms plan pushback
By Nupur Anand and Aditya Kalra MUMBAI (Reuters) – India’s stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms and jeopardised loan offerings of Amazon, prompting companies to chart…
Japan bank lending picks up on demand to meet rising material costs
By Leika Kihara TOKYO – Japanese bank lending rose 1.8% in July from a year earlier, accelerating from the previous month, as some companies borrowed more to meet rising raw material costs…
U.S. Treasury official says IMF SDR lending pledges reach about $58 billion
WASHINGTON – Pledges from wealthier International Monetary Fund members to lend IMF Special Drawing Rights reserves to poorer countries through two IMF trust funds have reached about $58 billion, U.S. Treasury acting…
Justice Department, Consumer Financial Protection Bureau, and Three State Attorneys General Reach Settlements With Trident Mortgage Company To Resolve Lending Discrimination Claims
PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that the Department of Justice, the Consumer Financial Protection Bureau (CFPB), and the Attorneys General of Pennsylvania, New Jersey, and Delaware announced today…
Euro zone business lending unexpectedly surges in June
FRANKFURT – Lending to euro zone companies accelerated in June, confounding fears that banks are tightening access to credit as uncertainty about inflation and the fallout of the war in Ukraine are…
IMF says hopes to start lending from new resilience trust in October
By David Lawder WASHINGTON – The International Monetary Fund said on Thursday it hopes to begin lending from its new Resilience and Sustainability Trust (RST) for vulnerable low and middle-income economies in…
Wells Fargo appoints Kleber Santos chief of consumer lending
(Reuters) – Wells Fargo said on Monday that Kleber Santos will take over as the chief of consumer lending effective immediately. Santos served as head of Diverse Segments, Representation and Inclusion (DSRI)…
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, as many major banks exit the country.…
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 foreign-exchange rate by squeezing banks and businesses,…
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 Monday, as global central bank tightening limited…
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 bank raising the base rate. The Hong…
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