NEW ORLEANS, LA – A 40-year-old LaPlace man admitted to orchestrating a years-long bank fraud scheme that involved fake car loans, fraudulent documents, and stolen … Read more
CAMDEN, NJ – Tommy Hawkins, a former branch manager of a national bank, and Sieff Robert Sargeant, a New York resident, have pleaded guilty to … Read more
President Joe Biden has made student loan forgiveness a top priority after young voters elected him by large margins in 2020. Ahead of another matchup … Read more
According to the evidence at trial, from May 5, 2020 through July 25, 2020, the Harrises submitted materially false applications to the Small Business Administration … Read more
Miami, FL – A former lieutenant of the Broward Sheriff’s Office Department of Detention stands accused of wire fraud, involving the illicit acquisition of approximately … Read more
BEIJING (Reuters) – New bank loans in China likely rose in December, bringing 2023 lending to a new record high, a Reuters poll showed, as … Read more
LONDON (Reuters) – Net borrowing by British consumers was the highest in nearly seven years in November and lenders approved the most mortgages since June, … Read more
BEIJING (Reuters) -China’s central bank made 350 billion yuan ($49.1 billion) in loans to policy banks through its pledged supplementary lending (PSL) facility in December, … Read more
SHANGHAI/SINGAPORE (Reuters) – Chinese banks are putting bad loans up for sale at a record pace, as regulators push for faster disposal of sour debts … Read more
A Staggering Number Of Borrowers Missed Their First Payment On Student Loans Since Pandemic Freeze Ended Brandon Poulter on December 16, 2023 Nearly 40% of … Read more
By Alexandra Valencia QUITO (Reuters) – Ecuador’s new government will cut $1 billion in spending to deal with “brutal inefficiency” before potentially seeking loans from … Read more
SHANGHAI/SINGAPORE (Reuters) – China’s central bank ramped up liquidity injection but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Friday, … Read more
By Joe Cash BEIJING (Reuters) – China’s new loans are expected to have jumped in November from the previous month and exceeded the year-earlier amount, … Read more
By Nivedita Balu and Arasu Kannagi Basil TORONTO (Reuters) – Canadian banks had a mixed fourth quarter but a common theme underlining all the reports … Read more
MADRID (Reuters) – The Spanish government has approved two loans totalling 3.15 billion euros ($3.46 billion) to a consortium developing fighter jets within the international … Read more
By Lefteris Papadimas ATHENS (Reuters) – Greece will next month repay ahead of schedule 5.3 billion euros ($5.8 billion) of loans owed to euro zone … Read more
By Tommy Wilkes and Simon Jessop LONDON (Reuters) – Allianz Global Investors and Dutch development bank FMO have agreed one of the largest “blended finance” … Read more
Jackson, Miss. – A Texas man pleaded guilty to illegally obtaining more than $400,000 in COVID-19 economic assistance loans. According to court documents, Ganiyu … Read more
By Takaya Yamaguchi TOKYO (Reuters) -Japan’s government is set to increase its fiscal loan and investment programme in a planned second extra budget to beef … Read more
BEIJING (Reuters) – China’s new yuan loans are expected to dip in October from the previous month because of seasonal factors, a Reuters poll showed, … Read more
Baltimore, Maryland – Ahmed Sary, age 45, of Baltimore, Maryland, pleaded guilty today to conspiracy to commit wire fraud affecting financial institutions, relating to the … Read more
By David Lawder MARRAKECH, Morocco (Reuters) – World Bank president Ajay Banga on Friday laid out ambitious plans to widen the development lender’s mission to … Read more
By Rachel Savage and Jorgelina do Rosario MARRAKECH, Morocco (Reuters) – Kenya is planning to buy back up to a quarter of its $2 billion … Read more
MARRAKECH, (Reuters) – Morocco’s state-owned phosphates and fertiliser producer OCP said on Tuesday it had signed an agreement with the International Finance Corporation (IFC), the … Read more
BEIJING (Reuters) – China’s new yuan lending is expected to jump in September after a surprising surge in August, a Reuters poll showed, as the … Read more
By Andrea Shalal WASHINGTON – Lower income households and Black and Latino communities will be hit hard when a confluence of U.S. economic events kick … Read more
By Timothy Gardner WASHINGTON (Reuters) – Nuclear power plants using low-cost electricity to make hydrogen from water, an emerging fuel, could play a role in … Read more
QUITO (Reuters) – The Development Bank of Latin America (CAF) has approved three credits for Ecuador worth a total of $488 million, part of which … Read more
FRANKFURT (Reuters) – Euro zone banks will repay early another 34.2 billion euros in multi-year loans from the European Central Bank, shedding central bank liquidity … Read more
By Huw Jones LONDON (Reuters) – Global securities regulators have proposed tightening how the leveraged loan market operates to tackle “vulnerabilities” after a prolonged period … Read more
BEIJING (Reuters) – China’s new yuan loans are expected to rebound in August after tumbling in July to the lowest since late 2009, a Reuters … Read more
NEWARK, N.J. – Cabral Simpson, a 46-year-old man from Orange, New Jersey, pleaded guilty to conspiring to commit wire fraud. U.S. Attorney Philip R. Sellinger … Read more
NEW YORK (Reuters) – Digital Currency Group was sued on Wednesday by its bankrupt Genesis Global Capital cryptocurrency lending unit, as both sides negotiate DCG’s … Read more
By Valentine Hilaire MEXICO CITY (Reuters) – Nubank, one of Latin America’s biggest fintech companies, announced on Tuesday the launch of personal loans for the … Read more
BUENOS AIRES (Reuters) – Argentina will sign loans worth $500 million with international lenders next week, Economy Minister Sergio Massa announced on Saturday, the day … Read more
BEIJING (Reuters) – China’s new yuan loans are expected to fall sharply in July from June after record lending in the first half, a Reuters … Read more
Trucking Giant Files For Bankruptcy After Receiving Over $700 Million In Gov Loans Will Kessler on August 7, 2023 Trucking company Yellow filed for Chapter … Read more
(Reuters) -The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a … Read more
By Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) – Global finance chiefs will meet in India next week to discuss increasing loans to … Read more
By Byron Kaye SYDNEY (Reuters) – The CEOs of Australia’s two biggest banks said on Thursday a tight labour market was keeping late home loan … Read more
(Reuters) – Bank credit for U.S. commercial banks expanded slightly in the last week of June, even as commercial and industrial lending ticked down, Federal … Read more
Small Business Admin May Have Lost Over $200B In COVID Loans to Fraudsters, Watchdog Finds Nick Pope on June 27, 2023 The Small Business Administration … Read more
MANILA (Reuters) – The Philippines on Monday said it had signed four loan agreements with the World Bank totalling $1.14 billion, including $750 million of … Read more
(Reuters) – Silicon Valley Bank’s customers in Asia whose deposits were recently seized by the U.S. Federal Deposit Insurance Corp (FDIC) are under pressure to … Read more
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is reassessing how it plans to deal with billions of euros’ worth of loans it … Read more
BEIJING (Reuters) – China’s new yuan loans are expected to have rebounded in May after a sharp drop in April, a Reuters poll showed, as … Read more
(Reuters) – Metro Bank on Wednesday said it had reached underlying profitability for the second consecutive quarter, as net inflows picked up pace in March … Read more
‘Insanity’: New Biden Mortgage Rules Mask ‘True Risk’ Of ‘Bad’ Loans, Experts Say John Hugh DeMastri on April 29, 2023 An upcoming Biden administration rule … Read more
By Simon Jessop and Tommy Wilkes LONDON (Reuters) – Standard Chartered Plc said on Friday it has changed its target for curbing carbon emissions associated … Read more
By Chiara Elisei LONDON (Reuters) – Around one in five loans backing commercial real estate (CRE) in Britain, France and Germany that fall due between … Read more