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1 min read
Russia has lost another banking partner as more lenders turn their back on Moscow over fear of sanctions
Oversea–Chinese Banking Corp reportedly told customers it would no longer process Russian transacti…
Jennifer Sor
2 mins read
Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze
Russian banks are urging Russia's central bank to increase yuan liquidity through swaps. The centra…
Huileng Tan
2 mins read
Student-loan borrowers are getting $100 million in payments after being 'cheated' out of lower bills by a major lender, a federal consumer watchdog says
Student-loan company Navient is barred from servicing federal loans in a settlement it reached with…
Ayelet Sheffey
1 min read
Russia's biggest private lender is expanding to China after being hit by US sanctions
The bank, owned by the Russian oligarch Mikhail Fridman, is looking to build new offices in China B…
Jennifer Sor
2 mins read
Homebuyers are flocking to a type of loan that offers a lower mortgage rate. But they often require bigger down payments, and lenders don't like to give them.
There's a rare type of mortgage loan gaining popularity among buyers seeking lower rates.
Jennifer Sor
2 mins read
Trump lender Axos plunges 15% after short-seller report flags real-estate loan risk
Hindenburg Research announced a short position in Axos Financial, a California-based lender with ri…
Filip De Mott
2 mins read
Real-estate lender NYCB is in turmoil, shredding nerves on Wall Street
New York Community Bankcorp said it had "identified material weaknesses in the company's internal c…
Huileng Tan
2 mins read
Shares of Better whose CEO fired 900 workers on a Zoom call — slumped 93% on their first day of trade
Shares in Better Home & Finance tumbled 93% in their first day of trading after combining with a SP…
Huileng Tan
2 mins read
Future Retail heads for liquidation as lenders fail to get suitable buyer
Future Retail, once the crown jewel of Kishore Biyani-led Future Group, is now heading for liquidat…
PTI
1 min read
JPMorgan CEO Jamie Dimon will trim his stake in the lender for the first time
Jamie Dimon will sell 1 million JPMorgan shares, worth more than $140 million at current prices, st…
Filip De Mott
1 min read
HDFC Bank records 15.8% loan growth, 20% rise in advances in Q1 FY24
Private sector lender HDFC Bank said loans grew 15.8% to ₹ 16,15,500 crore in the first quarter of …
PTI
2 mins read
Bank of Maharashtra top among PSU lenders in loan, deposit growth in Q2
State-owned Bank of Maharashtra (BoM) retained the top spot among public sector lenders in loan and…
PTI
9 mins read
How private lenders have left millions of college students with no hope for the future
How the booming market for private loans saddled millions of students with $136 billion in debt tha…
Ayelet Sheffey
3 mins read
Not comfortable with NPAs in urban co-op banks says RBI, asks lenders to focus on governance
RBI Governor Shaktikanta Das on Monday said the central bank is "not comfortable" with the gross no…
PTI
3 mins read
Caroline Ellison 'freaked out' when the crypto market crashed as she realized Alameda owed billions to lenders
Through tears, Ellison said she "felt a sense of relief" when the truth of FTX and Alameda finances…
Katie Balevic,Jacob Shamsian
2 mins read
Personal loans remain the dominant Fintech product, accounting for 96% of the total disbursement volume: Equifax and FACE
The highest number of personal loans are disbursed in less than ₹5,000 ticket size. Digital loan d…
3 mins read
BYJU'S challenges lenders' unrealistic terms amid contract renegotiations
In a determined pursuit of a fair resolution, education technology giant BYJU'S finds itself pushin…
2 mins read
Creditors take a haircut of 70% in insolvency cases: CareEdge report
The CareEdge report has found that the cumulative recovery rate has been on a downtrend, decreasing…
1 min read
India's central bank urges lenders to de-dollarize trade with the UAE using local currencies
The Reserve Bank of India is pushing for non-dollar trade with the United Arab Emirates, sources to…
Filip De Mott
1 min read
CBI FIR against Mumbai-based developer, CMD for defrauding SBI and 15 lenders of Rs 3,800 crore
The CBI has registered an FIR against Mumbai-based Unity Infraprojects Ltd, its chairman managing d…