Loans Archives - Page 3 of 20

ECB under pressure to cut rate over coronavirus after Fed move

Last Updated: March 6, 2020

The European Central Bank (ECB) is under pressure to follow the US Federal Reserve and cut interest rates when it meets on Thursday, economists said. […]

Amigo Loans founder slams ‘suicidal’ board, shares slump to record lows

Author: Roger Baird

Last Updated: March 5, 2020

A bitter row has broken out between the board of Amigo Loans and its founder shareholder as the troubled firm looks for a buyer. Shares […]

Iwoca raises €100m from Insight Investment for German small business loans

Author: Ali Raza

Last Updated: March 2, 2020

Small business platform Iwoca has landed €100m from asset manager Insight Investment to lend to “several thousand small businesses” across Germany. The London-based fintech, founded […]

JPMorgan Plots UK Digital Bank Launch

Author: Siraj Sarwar

Last Updated: February 24, 2020

JPMorgan Chase (NYSE: JPM) is seeing digital banking business opportunities in the UK, the US powerhouse is planning to operate a digital bank for personal […]

China’s Central Bank supports the economy with more liquidity

Author: Ali Raza

Last Updated: February 22, 2020

The People’s Bank of China (PBOC) is committed to offering more support to the Chinese economy as the nation battles the coronavirus epidemic. It says […]

LendingClub acquires Radius Bank in $185 Million Deal

Fintech pioneer LendingClub snaps up Radius Bank for $185m

Author: Ali Raza

Last Updated: February 19, 2020

LendingClub has bought online bank Radius Bancorp in a $185m deal in cash and stock. The fintech company who pioneered online personal loans is buying […]

China Reduces Interest Rates to Support Banks

Author: Ali Raza

Last Updated: February 17, 2020

Commercial lenders in China have been offered medium-term funding to reduce interest rates in charges for money. China’s Central Bank made this move to cushion […]

Twitter Inc. (TWTR) Monetizing US Presidential Fund Raising

Trump’s Policies May Weaken Payday Lending Rules

Author: Ali Raza

Last Updated: December 16, 2020

In 2016, the payday lending rule was made into law because of its predatory high-interest rate of payday loans that could reach up to 652%. […]

Interview: Seedrs – Jeff Lynn’s billion-pound charge

Author: Roger Baird

Last Updated: February 7, 2020

Jeff Lynn might have been the first person in the world to launch a crowdfunding firm, but eight years on he is busy making other […]

Fintech lending market growth-LearnBonds.com

Fintech Lending Industry to Hit $390.5bn by 2023

Author: Jastra Ilic

Last Updated: October 12, 2020

Although traditional banks still hold the largest market share for consumer and business loans, there has been a considerable demand for fintech lending in recent […]