Accounts

Zopa raises £ 20million after exceeding bank performance targets

Zopa has landed £ 20million from existing investors after collecting £ 250million in deposits following the launch of its app bank just last year. The P2P lending pioneer was granted a restricted UK banking license in December 2018 after securing £ 60million in development funding and received his full banking …

Read More »

Phoenix Loan Survey Results Show Slow Growth and

PHILADELPHIA, December 09, 2020 (GLOBE NEWSWIRE) – Starting in the fourth quarter, the results of Phoenix Management’s ‘Lending Climate in America’ survey reveal a slow and choppy recovery from COVID-19. While the majority of lenders surveyed seem to think the economic recovery from COVID-19 is slow and choppy, the outlook …

Read More »

Federal Reserve interest rate; Straight line; Switzerland, Vietnam

Adobe Stock The Federal Reserve has announced that it will keep its short term interest rate close to zero after the last policy meeting on Wednesday, according to CNN Business. The Fed cut rates to this level in March – and said it will likely stay there for several years …

Read More »

House passes bill to extend PPP loan deadlines

(Photo: Diego M. Radzinschi / ALM) House lawmakers passed the 2020 Paycheck Protection Program Flexibility Act on Wednesday afternoon, HR 7010, which extends several deadlines for small businesses that have received PPP loans. HR 7010 performs the following operations: Allows the remission of expenses beyond the period covered from 8 …

Read More »

Australians tested again – The Bull

Australians tested again Consumer confidence; CBA credit / debit card loan Flooding on the east coast: The Insurance Council of Australia has “declared a disaster for much of New South Wales following the devastating storms and flooding of recent days”. Consumer Confidence: The ANZ-Roy Morgan Weekly Consumer Confidence Score fell …

Read More »

BNP Paribas opens securities lending agency in Asia

BNP Paribas Securities Services extended its securities lending and financing services in the Asia-Pacific region with the launch of an agency lending office in Hong Kong. This builds on BNP Paribas’ existing global securities financing coverage from London, New York and Sydney and supports growing demand for institutional lending and …

Read More »

Shelton Alderman opposes any legislation that eliminates ‘home rule’ zoning

The town of Shelton is owned by the Connecticut Conference of Municipalities (CCM) whose members include 168 of the 169 towns in Connecticut. They are watching and will in fact encourage – or in this case, intercede – to discourage or change legislation that could be detrimental or detrimental to …

Read More »

Funds see ‘strong business case’ for commodity trade finance amid bank downturn

Commodity trade finance suffered a serious blow to its reputation in 2020 as it faced large losses and fraud scandals as banks cut their lending. Despite this, the funds see the segment as an attractive investment opportunity, especially now as banks want to exit. John MacNamara, previously global head of …

Read More »

G7 countries agree to increase IMF assistance to poor countries affected by COVID

The news signals the first increase in IMF reserves since the 2009 financial crisis. Photo: Ebrahim HAMID / AFP via Getty Images The world’s seven largest economies have agreed to provide more financial support through the International Monetary Fund (IMF) to low- and middle-income countries affected by the coronavirus pandemic. …

Read More »

now is the right time to enter the housing market

For the third consecutive month, Fannie mae The Home Buyers Sentiment Index, a composite index designed to track the housing market and consumers’ desire to sell or buy a home, gained 0.7 points in October to 81.7. While that number is rising, it has slowed from gains in previous months, …

Read More »