Philadelphia Bank Manager, New York Accomplice Nabbed for 38 False COVID-19 Loans
CAMDEN, NJ – Tommy Hawkins, a former branch manager of a national bank, and Sieff Robert Sargeant, a New York resident, have pleaded guilty to charges related to a multi-state COVID-19 relief…
Former Broward Sheriff’s Office Lieutenant Charged with Fraud Over PPP Loans
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 $167,750 in Paycheck Protection Program (PPP) loans.…
China’s Dec new yuan loans seen higher, hitting record in 2023: Reuters poll
BEIJING (Reuters) – New bank loans in China likely rose in December, bringing 2023 lending to a new record high, a Reuters poll showed, as the central bank keeps policy accommodative to…
UK borrowers increase demand for loans despite rate hikes
LONDON (Reuters) – Net borrowing by British consumers was the highest in nearly seven years in November and lenders approved the most mortgages since June, according to Bank of England data that…
China lifts policy bank loans, raising housing support expectations
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, data showed, fuelling expectations of increased support…
China banks step up sales of bad loans as consumer defaults rise
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 amid rising consumer defaults during an ailing…
A Staggering Number Of Borrowers Missed Their First Payment On Student Loans Since Pandemic Freeze Ended
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 student loan borrowers missed their first payment…
Exclusive-Ecuador will cut $1 billion in spending before seeking loans, sell some gold, president says
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 multilateral organizations, and raise some $300 million…
China central bank boosts liquidity offering via policy loans, rate unchanged
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, matching market expectations. Despite the steady policy…
China’s Nov new yuan loans seen rising on policy support: Reuters Poll
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, a Reuters poll showed, as the central…
Canadian banks prepare for shaky economy, more bad loans
By Nivedita Balu and Arasu Kannagi Basil TORONTO (Reuters) – Canadian banks had a mixed fourth quarter but a common theme underlining all the reports was the rise in bad loan provisions,…
Spain grants $3.5 billion in loans to boost European fighter jets
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 Eurofighter programme, the industry ministry said on…
Exclusive-Greece to repay more euro zone bailout loans ahead of schedule -officials
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 countries under its first bailout, and hopes…
Allianz and Dutch development bank back $1.1 billion sustainable loans fund
By Tommy Wilkes and Simon Jessop LONDON (Reuters) – Allianz Global Investors and Dutch development bank FMO have agreed one of the largest “blended finance” funds on record, raising $1.1 billion to…
Texas Man Pleads Guilty to Fraudulently Obtaining more than $400,000 in COVID-19 Economic Assistance Loans
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 Abayomi Jimoh, 30, of Houston, Texas, conspired…
Japan to top up fiscal loans, investments to boost supply chain -draft
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 up supply chains and other long-term spending,…
China’s Nov new yuan loans seen retreating, policy support in place: Reuters poll
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, but the expected lending may exceed the…
Baltimore Man Pleads Guilty to a Scheme to Fraudulently Obtain Almost $18 Million in COVID-19 CARES Act Loans
Baltimore, Maryland – Ahmed Sary, age 45, of Baltimore, Maryland, pleaded guilty today to conspiracy to commit wire fraud affecting financial institutions, relating to the submission of more than $17.9 million in…
World Bank’s Banga eyes longer, cheaper loans as mission expands to climate
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 include climate change and other global crises,…
Exclusive-Kenya plans $500 million Eurobond buyback with new loans – cenbank governor
By Rachel Savage and Jorgelina do Rosario MARRAKECH, Morocco (Reuters) – Kenya is planning to buy back up to a quarter of its $2 billion 2024 international bond before year-end after it…
IFC loans Morocco’s OCP $106 million to build two solar power plants
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 World Bank’s investment arm, on a 100…
China’s Sept new yuan loans seen jumping on policy boost- Reuters poll
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 central bank strives to boost the economy’s…
US poor face economic hit as shutdown, childcare cliff, student loans converge
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 off next week, including a sharp drop…
Nuclear-hydrogen ‘marriage’ has potential, US energy loans chief says
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 the energy transition, the head of a…
CAF bank gives $488 million in loans to Ecuador, government says
QUITO (Reuters) – The Development Bank of Latin America (CAF) has approved three credits for Ecuador worth a total of $488 million, part of which will help the next government with funding,…
Euro zone banks to repay 34 billion of ECB loans
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 as borrowing costs rise, ECB data showed…
Breaking News
