U.S. provides grants, loans to expand meat processing capacity
CHICAGO (Reuters) – The U.S. Department of Agriculture will direct $73 million in grants to small- and medium-sized meat and poultry processors to expand their …
Loans
JPMorgan expects banks to repay 500-700 billion euros of ECB TLTRO loans in Nov
LONDON (Reuters) – Analysts at investment bank JPMorgan have estimated that banks will repay between 500 and 700 billion euros ($494-$692 billion)of the European Central …
ECB gets rid of subsidy on bank loans to mop up cash
By Francesco Canepa and Yoruk Bahceli FRANKFURT (Reuters) – The European Central Bank on Thursday got rid of a subsidy on over 2 trillion euros …
China seeks to promote development of private businesses with more loans
BEIJING (Reuters) – China’s cabinet issued rules on Tuesday to promote private businesses, including incentives for financial institutions to lend to them, in its latest …
UAW wants U.S. to bar loans, subsidies for Hyundai over workplace issues
By David Shepardson (Reuters) -The United Auto Workers (UAW) union on Friday called on the Biden administration not to award any subsidies, loans or other …
World Bank cites overdue payments, puts loans to Belarus in ‘nonperforming’ status
By Andrea Shalal WASHINGTON (Reuters) – The World Bank said on Monday it had placed all loans made by its main lending arm to Belarus …
French development minister backs World Bank reforms, calls for U.S. SDR loans
By David Lawder WASHINGTON (Reuters) – France’s development minister is backing U.S. Treasury Secretary Janet Yellen’s call for the World Bank and similar institutions to …
Fake Home Loans Land Perpetrators in Prison
MIAMI – After previously pleading guilty to Conspiracy to Commit Wire Fraud and Aggravated Identity Theft, Ana Amador and Sunilda Casilla were sentenced in federal …
China’s Sept new yuan loans seen rising on policy support: Reuters Poll
BEIJING (Reuters) – China’s new yuan loans are expected to rise in September from August, a Reuters poll showed, as the central bank seeks to …
Crypto lender Celsius not seeking payments for outstanding loans
(Reuters) – Bankrupt crypto lender Celsius Network said on Friday it is not seeking to enforce payment obligations for outstanding loans during its Chapter 11 …
China offers loans of $42 billion for infrastructure spending
BEIJING (Reuters) – China has distributed an additional 300 billion yuan ($42 billion) allocated for infrastructure projects through three state policy banks as of Wednesday, …
Lack of credit sends Venezuelan businesses seeking loans abroad
By Mayela Armas CARACAS (Reuters) – Venezuelan business owners struggling to get access to credit amid their country’s continued economic crisis are seeking loans through …
Irvine Man Sentenced to 4 Years in Federal Prison for Obtaining More Than $5 Million in COVID-Relief Loans for Sham Businesses
LOS ANGELES – An Orange County man was sentenced today to 48 months in federal prison for fraudulently obtaining more than $5 million in …
Beverly Hills Man Pleads Guilty to Charge for Using Fake Companies in Scheme to Steal Millions of Dollars in COVID Small Business Loans
LOS ANGELES – A Beverly Hills man – whose sons pleaded guilty earlier this month to felonies for defrauding COVID-relief programs – pleaded guilty …
China’s largest policy bank to boost infrastructure loans to local govts
BEIJING (Reuters) – The China Development Bank (CDB) said on Thursday it will increase the number of infrastructure loans it gives to local governments, while …
EU countries can use 225 billion euros of EU loans for energy crisis
BRUSSELS (Reuters) – European Union countries can use 225 billion euros ($227.57 billion) in untapped loans from the EU’s recovery fund to address energy problems …
Former Louisiana Woman Indicted for Preparing Over 110 Fraudulent PPP Loans Totaling Over $1.1 Million Dollars
NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced today the indictment of SHARNAE EVERY (“EVERY”), age 27, of Houston, Texas, who was …
Exclusive-Greece plans to repay euro zone bailout loans early for first time – sources
By Lefteris Papadimas ATHENS (Reuters) – Greece will repay ahead of schedule 2.7 billion euros of loans owed to euro zone countries under the first …
Biden Admin Forgives $1.5 Billion In Loans From For-Profit College That Promised Students Jobs
Biden Admin Forgives $1.5 Billion In Loans From For-Profit College That Promised Students Jobs Reagan Reese on August 30, 2022 The Department of Education (DOE) …
Forget Student Loans, Powerful Shore Republican Fat Cat Had $196,000 COVID Loan Forgiven
TOMS RIVER, NJ – As Republicans push back on student loan debt forgiveness, one prominent attorney and New Jersey Republican Assemblyman is keeping quiet, at …
Lacey Man Had Two Student Loans Fraudulently Opened in His Name
On Wednesday, August 10, 2022, at 10:21 a.m., Officer Lee responded to police headquarters to take a report of fraud. Officer Lee met with the …
China to accelerate disposal of smaller banks’ bad loans
BEIJING – China may start a pilot program in six provinces to further speed up the disposal of bad loans by local small- and medium-sized …
Canadian home buyers return to fixed-rate loans as economy wobbles
By Nichola Saminather TORONTO – Canadian home buyers are shifting to fixed-rate mortgages at the fastest pace in a year, on bets that more rate …
China’s July new yuan loans expected to more than halve from June: Reuters poll
BEIJING – China’s new yuan loans are expected to fall back in July after record lending in the first half, a Reuters poll showed, but …
SpiceJet loans ‘high risk’ for some lenders, say sources
By Nupur Anand and Aditi Shah MUMBAI -Three Indian banks have internally categorised loans to SpiceJet Ltd as being at “high risk” though the airline …
Riverside County Man Pleads Guilty to Federal Criminal Charges for Fraudulently Obtaining $6.6 Million in COVID-Relief Business Loans
LOS ANGELES – A Corona man pleaded guilty today to federal criminal charges in connection with a scheme to submit false loan applications that …
A Math Error Cost The Government Nearly $200 Billion On Student Loans. Here’s How
A Math Error Cost The Government Nearly $200 Billion On Student Loans. Here’s How John Hugh DeMastri on July 29, 2022 The Department of Education …
Harlan County Man Sentenced to 33 Months for Fraudulently Obtaining COVID Relief Loans
LONDON, Ky. – A Harlan, Ky., man, David Christopher Lewis, 49, was sentenced to 33 months in federal prison on Thursday, by U.S. District Judge …
Mortgage Company to Pay $20 Million Settlement with City for Denying Loans Based on Location
PHILADELPHIA, PA – A mortgage company has settled to a $20 million payout for targeting minority neighborhoods in Philadelphia, deny loans simply based on where …
U.S. Treasury to allow COVID funds for state, local affordable housing loans
WASHINGTON – The U.S. Treasury said on Wednesday that it will allow state, local and tribal governments more flexibility to use COVID-19 rescue funds to …
China’s largest policy bank disbursed $27 billion loans for infrastructure stimulus
BEIJING – China’s largest policy bank said on Friday that it had disbursed 181.5 billion yuan ($27 billion) in loans for urban development projects in …
U.S. banks take hit on leveraged loans as deals slump, rates rise
By Saeed Azhar and Elizabeth Dilts Marshall NEW YORK – U.S. banks have started taking a hit on their leveraged loans’ exposure as the outlook …
Philippines Marcos wants to renegotiate loans on $4.9 billion China-backed rail projects
MANILA – Philippine President Ferdinand Marcos Jr ordered the transport ministry to renegotiate loan agreements struck by his predecessor with China for railway projects worth …
Coweta Man who Fraudulently Obtained Almost $200,000 in Loans from the Small Business Administration Pleads Guilty
A Coweta man who received $192,071 from the Small Business Administration after fraudulently applying for an Economic Injury Disaster Loan (EDIL) and a Paycheck Protection …
Fort Stewart soldier admits guilt in prolific fraud scheme targeting COVID-19 relief programs, student loans
SAVANNAH, GA: A U.S. Army soldier stationed at Fort Stewart awaits sentencing after admitting she led a “prolific fraud scheme” in which she and others …
Six People Charged with Fraudulently Obtaining Loans Meant To Help Small Businesses During COVID-19 Pandemic
NEWARK, N.J. – Six Essex County, New Jersey, residents were arrested today for scheming to fraudulently obtain Paycheck Protection Program (PPP) loans, U.S. Attorney Philip …
Woodford County Man Sentenced to 42 Months for Fraudulently Obtaining COVID Relief Loans
LEXINGTON, Ky. – A Versailles, Ky., man, Randall “Rocky” Blankenship, Jr., 49, was sentenced to 42 months in federal prison on Thursday, by U.S. District …
Turkey’s banking watchdog eases regulations on lira loans to FX-rich firms
ISTANBUL – Turkey’s BDDK banking watchdog on Thursday eased some of the regulations that restricted FX-rich companies from obtaining Turkish lira loans. A decision published …
Democrat Senate Candidate With Massive College Debt Supports Waiving Away Student Loans
Democrat Senate Candidate With Massive College Debt Supports Waiving Away Student Loans Gabe Kaminsky on July 6, 2022 A newly filed financial disclosure shows Democratic …
Biden Admin Unveils Proposal To Make It Easier For The Gov’t To Wipe Away Student Loans
Biden Admin Unveils Proposal To Make It Easier For The Gov’t To Wipe Away Student Loans Reagan Reese on July 6, 2022 The Biden administration …
Australia’s big banks hike fixed-rate home loans amid rising interest rates
By Byron Kaye SYDNEY – Two of Australia’s biggest home lenders jacked up fixed-rate home loans in line with increases to their own borrowing costs, …
Camden County Woman Admits Fraudulently Obtaining 30 Loans Meant to Help Small Businesses During COVID-19 Pandemic
CAMDEN, N.J. – A Camden County, New Jersey, resident today admitted conspiring to fraudulently obtain 30 Paycheck Protection Program (PPP) loans and Economic Injury Disaster …
Former Warren County Businessman Admits Fraudulently Obtaining $1.8 Million in COVID-19 Loans Meant for Small Businesses
NEWARK, N.J. – A Warren County, New Jersey, businessman today admitted fraudulently obtaining nearly $1.8 million in federal Paycheck Protection Program (PPP) loans, U.S. Attorney …
Four Plead Guilty to Obtaining Nearly $5 Million in Fraudulent PPP Loans
Charleston, South Carolina — Lori Hammond, 53 of Summerville, Catherine (“Cassie”) Needham, 36, of Manning, Jontrell Wright, 35, of Holly Hill, and Christopher Conrad, 39, …
LATAM Airlines seeks bankruptcy court approval for $2.75 billion in exit loans
By Dietrich Knauth (Reuters) – LATAM Airlines Group SA, the largest air transport group in Latin America, on Monday asked a bankruptcy judge to approve …
China’s May new bank loans surge 1.89 trln yuan, much stronger than forecasts
BEIJING – Chinese banks extended 1.89 trillion yuan ($282.62 billion) in new yuan loans in May, rebounding sharply from April and beating analysts’ expectations as …
China’s May new yuan loans seen rebounding on central bank support -Reuters poll
BEIJING – China’s new yuan loans likely rebounded sharply in May after a drop in April, a Reuters poll showed, as the central bank ratchets …
Grand Jury Charges Memphis Woman Who Allegedly Bought Maserati Luxury Automobile and Other Personal Items with Fraudulently Obtained Paycheck Protection Loans
Memphis, TN – A Memphis woman was charged for her role in a fraudulent scheme to obtain thousands of dollars in federal Paycheck Protection Program …
Orange County Man Agrees to Plead Guilty to Federal Charges for Obtaining More Than $5 Million in COVID Loans for Sham Companies
LOS ANGELES – An Orange County man has agreed to plead guilty to federal criminal charges that he fraudulently obtained more than $5 million …
Orange County Man Agrees to Plead Guilty to Federal Charges for Obtaining More Than $5 Million in COVID Loans for Sham Companies
LOS ANGELES – An Orange County man has agreed to plead guilty to federal criminal charges that he fraudulently obtained more than $5 million …