Category: lenders
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Car finance complaints widened to cover leasing deals, giving lenders more time to respond
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Lenders in the auto finance market have been given extra time to address a looming increase in complaints, as the city regulator moves to expand the scope of claims to include leasing agreements. The Financial Conduct Authority (FCA) has set a new deadline of 4 December 2025 for lenders to…
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Mark Cuban Calls Healthcare Pricing ‘Horrific’– Says Hospitals and Doctors Are ‘Sub Prime Lenders’ Forced To Raise Prices To Cover Losses
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Mark Cuban calls health care prices ‘horrible’ — and says hospitals and doctors are ‘prime lenders’ — but suggests a way to fix things Mark Cuban doesn’t hold back when it comes to his thoughts on the US health care system. On Bluesky, on December 10, he explained exactly why…
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Community lenders unlock £1bn to support small firms rejected by banks
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Small businesses in some of Britain’s most deprived areas are expected to benefit from £1bn in loans, thanks to a government-backed initiative by community finance organisations. The British Business Bank (BBB) has launched a £150 million, two-year plan to support community development finance institutions (CDFIs), which lend to businesses turned…
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Moody’s warns car finance scandal could cost lenders £30bn
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A growing scandal over mis-sold car financing could leave lenders facing compensation bills of up to £30bn, according to a warning from leading credit rating agency Moody’s. This estimate is the highest to date and raises concerns that the issue may mirror the Payment Protection Insurance (PPI) debacle, which ultimately…
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UK car finance industry faces major disruption as lenders halt deals over commission ruling
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Following a landmark Court of Appeal ruling, the UK car finance industry is facing major disruption as major lenders temporarily suspend new finance deals. The unexpected decision has placed lenders under greater liability for not disclosing commission payments, leading to urgent consultations with regulators and ministers to find a quick…
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Japanese lenders, TDB in Sh1.86bn loan deal for Menengai power project
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Two Japanese banks in partnership with the Trade and Development Bank of East and Southern Africa (TDB) have loaned British company Globelec $14.4 million (Sh1.86 billion) to finance the purchase of power generation equipment for the upcoming 35 MW geothermal power plant in Meningai, Nakuru County. . Under the joint…
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Japanese lenders, TDB in Sh1.86bn loan deal for Menengai power project
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Two Japanese banks in partnership with the Trade and Development Bank of East and Southern Africa (TDB) have loaned British company Globelec $14.4 million (Sh1.86 billion) to finance the purchase of power generation equipment for the upcoming 35 MW geothermal power plant in Meningai, Nakuru County. . Under the joint…
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Major Russian lenders say yuan coffers empty, urge central bank action By Reuters
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Written by Elena Fabrichnaya MOSCOW (Reuters) – Russia’s top banks have called on the central bank to take action to address a liquidity shortage in the yuan that has sent the rouble to its lowest level since April against the Chinese currency and pushed yuan swap rates into the single…
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Major Russian lenders say yuan coffers empty, urge central bank action By Reuters
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Written by Elena Fabrichnaya MOSCOW (Reuters) – Russia’s top banks have called on the central bank to take action to address a liquidity shortage in the yuan that has sent the rouble to its lowest level since April against the Chinese currency and pushed yuan swap rates into the single…
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Lenders in holding pattern while everyone awaits spate of new data
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Article Content Government bond yields, which are driven by fixed mortgage rates, have risen 33 basis points in just a few weeks. Yet Canada’s most competitive mortgage lenders still have enough profit margins to justify lower fixed rates. In the past week alone, we’ve seen the five most popular fixed…
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Hungary central bank tells lenders to reimburse clients after Apple glitch By Reuters
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BUDAPEST (Reuters) – Hungary’s central bank on Saturday asked local lenders to immediately start reimbursing customers for erroneous fees imposed by Apple Inc’s (NASDAQ:) mobile payment service earlier this week that affected hundreds of thousands of accounts in Hungary. The central bank said some 780,000 false charges worth a combined…
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Relief for Homeowners as Major Lenders Reduce Mortgage Rates
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Three major lenders, Barclays, HSBC and TSB, have announced mortgage interest rate cuts on more than 100 deals, providing welcome relief to borrowers who have faced rising interest rates in recent weeks. Barclays will implement major cuts on Friday, cutting fixed interest rates on buy-and-remortgage deals by up to 0.45…