Category: Lending
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Junk Bond Guru Sees Rising Distress Ahead as Banks Tighten Lending
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Bread path links PMN Business The powerful American economy has left the stalled debt investors to starve, but it may be about to change, according to veteran return analyst Marti Friedson. The author of the article: Bloomberg News James Chromby It was published on February 15, 2025 • 5 minutes…
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Top 10 Lending Software Development Companies in 2025
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As the financial sector embraces digital transformation, lending institutions are turning to advanced lending software development services to streamline operations, enhance user experiences, and ensure regulatory compliance. Choosing the right lending software development company is crucial to staying competitive in this fast-paced landscape. In this article, we’ll explore the top…
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Why You May Want To Redeem Your Bitcoin From THORChain’s Lending Service
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Follow Frank on X. Two days ago, the atebites X account pointed this out THORChain Lending Service It currently does not have enough Bitcoin to pay its creditors. As of press time, the total amount of BTC to be repaid to depositors was 1,604, while the lending pool only contained…
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Ledn Remains Bitcoin’s Premier Borrowing And Lending Platform
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Company Name: January Founders: Mauricio Di Bartolomeo and Adam Reeds Establishment date: September 2018 Headquarters location: Not available (quite remote) Number of employees: 51 Website: https://ledn.io/ Public or private? private “Lending is the type of relationship where you value return to Your assets more than return on “Your assets.” This…
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Purpose Investments Inc. Announces 2024 Fourth Quarter Distributions for Purpose Specialty Lending Trust
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Article content TORONTO, Dec. 30, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. To announce the fourth quarter 2024 distributions for the Specialized Purpose Lending Fund. Article content About Purpose Investments Inc. Purpose Investments Inc. It is an asset management company with assets under management of more than $22 billion. Purpose…
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AAVE Dominates DeFi Lending – Metrics Reveal 45% Market Share
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This article is also available in Spanish. Aave (AAVE), the leading decentralized finance (DeFi) lending protocol, has hogged the limelight with an extraordinary increase of over 200% since November 5. Outperforming the broader market, AAVE has reached its highest levels since 2021, marking a notable recovery and reasserting its dominance…
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Habib Bank Zurich plc Partners with nCino to Power an Enhanced Digital Experience for its Buy-to-Let Lending Business
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on December 11, 2024 • 3 minutes…
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Bitcoin Rally Fuels Demand For Crypto Loans: Lending Sector On The Rebound
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The recent rise in Bitcoin prices, which exceeded $100,000 for the first timeis making ripples in the long-struggling cryptocurrency lending sector, particularly through decentralized finance (DeFi) applications. According to Bloomberg a reportthe speculative excitement surrounding Bitcoin has not only invigorated its trading, but also extended to lending platforms, indicating a…
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Lutnick’s Cantor eyes $2 billion Bitcoin lending program with Tether
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Howard Lutnick is moving to strengthen his alliance with one of the most important and controversial names in the digital asset space: Tether Holdings Ltd. Lutnick is in talks to deepen financial ties between his companies and the company behind the world’s largest stablecoin, according to people familiar with the…
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HF eyes Sh5.9bn in rights issue to boost capital, lending
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Listed lender HF Group is seeking to raise Sh5.9 billion through a rights issue to boost its capital and lending. The cash call will see the bank issue 1.49 billion new shares at three per person, with each share priced at Sh4 apiece, reflecting an 11.5 percent discount to the…
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NCBA cuts lending rates as pressure mounts on banks
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NCBA Kenya has cut lending rates as lenders respond to the Central Bank of Kenya’s (CBK) move to cut its benchmark interest rate by the biggest margin since 2020. The bank said on Friday it would cut interest rates on new shilling-denominated loans to 16.91 percent from 17.5 percent. However,…
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Entrepreneurs turn to pawnbrokers as banks tighten business lending
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As traditional banks tighten lending standards, a growing number of UK entrepreneurs are turning to pawnshops for vital funding. H&T, Britain’s largest mortgage lender, has reported a rise in the number of small business owners, including shopkeepers and builders, pledging personal jewellery and watches for loans. Chris Gillespie, chief executive…
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Fannie Mae, Freddie Mac set to tighten real-estate lending rules, WSJ reports By Reuters
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(Reuters) – Mortgage finance companies Fannie Mae and Freddie Mac plan to impose tougher rules on lenders and commercial real estate brokers in the wake of an emerging regulatory crackdown on fraud in the multitrillion-dollar market, the Wall Street Journal reported on Monday. Lenders will have to independently verify financial…
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CBK fines 12 banks for breach of lending, investment rules
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Kenya’s central bank fined 12 commercial banks last year for breaching rules on lending, capital adequacy and investment, new disclosures show. While the Central Bank did not disclose the affected institutions and the size of the fines, it said that “the Central Bank took appropriate corrective measures regarding the concerned…
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Bank of America Q2 profits drop as higher interest rates slow down lending
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NEW YORK (AFP) – Bank of America Corp reported a decline in second-quarter profit on Monday, as higher interest rates eroded the bank’s expenses, including its large consumer banking franchise. But like Goldman Sachs, Bank of America has seen a pickup in activity in its investment banking division, which has…
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Bank of America Q2 profits drop as higher interest rates slow down lending
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NEW YORK (AFP) – Bank of America Corp reported a decline in second-quarter profit on Monday, as higher interest rates eroded the bank’s expenses, including its large consumer banking franchise. But like Goldman Sachs, Bank of America has seen a pickup in activity in its investment banking division, which has…
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Simply Asset Finance Secures £120m Loan Facility from Bank of America to Boost UK Business Lending
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Simply Asset Finance has announced a major milestone, securing a £120 million loan facility from Bank of America. This new facility, initially set at £60 million with potential to expand to £120 million, will significantly enhance Simply Asset Finance’s ability to finance businesses across the UK. The agreement strengthens Bank…
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Gemini Returns $2.2B to Crypto Lending Program Users Following 18-Month Suspension: Report
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Cryptocurrency exchange Gemini, owned by the Winklevoss twins, has returned $2.2 billion to users of its EARN program after halting withdrawals 18 months ago, CNBC reported. The move follows a major settlement between the New York Attorney General and Gemini’s lending partner, Genesis. Cryptocurrency Lending Users Recover Money With the…
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KDC to get Sh500m World Bank grant for lending
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The Kenya Development Corporation (KDC) has secured a Sh500 million grant from the World Bank to boost its loans to companies managing climate-related shocks. KDC General Manager Nora Ratimo said the company will receive the grant by the end of this financial year. “We will get Sh500 million from the…
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Natwest on track to exceed investment in women led businesses target: lending £1.5bn to date
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NatWest Group announced today that it has now lent more than £1.5 billion to women-led businesses since 2021, and is on track to exceed its target of lending £2 billion by the end of 2025. This is a faster pace than expected, and shows the desire of successful women-owned businesses…