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…
Global watchdog tackles ‘vulnerabilities’ in leveraged loans
By Huw Jones LONDON (Reuters) – Global securities regulators have proposed tightening how the leveraged loan market operates to tackle “vulnerabilities” after a prolonged period of low interest rates led to deteriorating…
China’s Aug new yuan loans seen rebounding on policy support – Reuters poll
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 poll showed, as the central bank seeks…
North Jersey Scammer Defrauded Banks Out of $1 Million in Bogus Loans
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 announced the plea, which was made before…
Genesis Global Capital seeks to recoup over $600 million unpaid DCG loans
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 repayment on more than $610 million of…
Fintech Nubank to launch personal loans for Mexican market
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 Mexican market, aiming to boost its financial…
One eve of vote, Argentina’s Massa announces $500 million in new loans
BUENOS AIRES (Reuters) – Argentina will sign loans worth $500 million with international lenders next week, Economy Minister Sergio Massa announced on Saturday, the day before a primary election in which he…
China’s July new yuan loans seen dipping after record H1 – Reuters poll
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 poll showed, but they could still exceed…
Trucking Giant Files For Bankruptcy After Receiving Over $700 Million In Gov Loans
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 11 bankruptcy on Sunday after receiving more…
FDIC launches sale of $18.5 billion of Signature Bank loans
(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 set of loans linked to major private…
G20 to discuss international debt architecture, more loans to developing nations
By Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) – Global finance chiefs will meet in India next week to discuss increasing loans to developing nations from multilateral institutions, reforming the…
Australian banks say low unemployment is buffering home loans
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 repayments below historic levels even after a…
US bank credit rose last week, while commercial and industrial loans fell -Fed data
(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 Reserve data released on Friday showed. Bank…
Small Business Admin May Have Lost Over $200B In COVID Loans to Fraudsters, Watchdog Finds
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 (SBA) may have lost over $200 billion…
Philippines agrees $1.14 billion loans with World Bank for environment, farming
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 budgetary support for policy reforms to boost…
SVB’s Asian customers who lost deposits remain on the hook for loans – WSJ
(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 repay loans to First Citizens Bank, The…
Italy reassessing GLAM scheme to handle state-guaranteed loans, sources say
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is reassessing how it plans to deal with billions of euros’ worth of loans it guaranteed during the pandemic and energy crises…
China’s May new yuan loans seen rebounding: Reuters poll
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 the central bank keeps policy accommodative to…
Metro Bank posts second quarter of profitability on mortgage loans demand
(Reuters) – Metro Bank on Wednesday said it had reached underlying profitability for the second consecutive quarter, as net inflows picked up pace in March on a revival in demand for mortgage…
‘Insanity’: New Biden Mortgage Rules Mask ‘True Risk’ Of ‘Bad’ Loans, Experts Say
‘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 could expose taxpayers to financial risks by…
Exclusive-Standard Chartered replaces key emissions gauge for oil and gas loans
By Simon Jessop and Tommy Wilkes LONDON (Reuters) – Standard Chartered Plc said on Friday it has changed its target for curbing carbon emissions associated with its loans to oil and gas…
Commercial real estate loans in core Europe face $55 billion funding gap, report says
By Chiara Elisei LONDON (Reuters) – Around one in five loans backing commercial real estate (CRE) in Britain, France and Germany that fall due between now and 2025 are likely to face…
US bank deposits, loans ticked down in latest week -Fed data
(Reuters) – Deposits at all U.S. commercial banks dropped in the second week of April, though at smaller banks deposits held steady in a sign of stabilization in the financial institutions hardest…
China’s PBOC set to inject fresh funds via medium-term policy loans -survey
SHANGHAI (Reuters) – China’s central bank is expected to inject more liquidity when rolling over maturing medium-term policy loans for a fifth straight month on Monday, while keeping the interest rate unchanged,…
IMF’s Georgieva says 44 countries interested in new resilience trust loans
By David Lawder WASHINGTON (Reuters) – International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday that 44 countries have expressed interest in borrowing from its $40 billion Resilience and Sustainability…
Italian bank loans to firms fall as demand weakens: central bank
(Reuters) – Bank loans to companies in Italy declined sharply between November and February as demand weakened and interest rates rose, the Bank of Italy said on Friday. In the three months…
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