Commerce

KB Kookmin Card completes purchase of stake from Thai lender

Credit card issuer KB Kookmin Card announced on February 1 that it has completed the acquisition of a controlling stake in J Fintech, a Bangkok-based lending provider, accelerating the pace of Asia market infiltration. from the South East. With the latest acquisition, the credit card business becomes the first South …

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HSBC sparks anger by restarting plans to cut 35,000 jobs

HSBC angered staff by rekindling plans to cut 35,000 jobs just months after suspending the drastic overhaul due to the coronavirus pandemic. Union officials fought back after managing director Noel Quinn sent a long note to the bank’s 235,000 employees at 6 a.m. on Wednesday, saying “we couldn’t put the …

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KMRC will start lending to shareholders and clients at the end of September

UKulima Sacco President Dr Philip Cherono (right), KMRC CEO Johnson Oltetia (second left) and UKulima Sacco CEO Richard Nyaanga (left) at the mortgage product launch. The Kenya Mortgage Refinance Company (KMRC), a treasury-backed lender, which provides banks and Saccos with liquidity for subsequent loans to households, will begin providing loans …

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Former chief of China’s top state lender Xiaomin executed for corruption

Lai Xiaomin, the former head of China’s largest state-owned asset management company, was executed on Friday after a court sentenced him to death on corruption charges involving $ 276 million and bigamy. The Tianjin Municipal Second Intermediate People’s Court, which sentenced him to death, said earlier in its ruling that …

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Santa Clarita Mortgage Lender Explains Why Real Estate Market Is So ‘Strong’ What It Means For Homebuyers

A mortgage lender in Santa Clarita explains why the real estate market is so “strong” despite the current state of the economy, and what it means for those looking to buy a home. Dave Cantrell of American Family Funding first expressed his belief that homeownership “will bring this economy back …

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Main articles on auto financing in 2020: Impacts of a pandemic

The COVID-19 pandemic has been the dominant issue affecting the decisions and performance of all auto lenders in 2020, halting manufacturing production and causing multi-month payment deferral programs for consumers and dealers alike. Here are our top five stories of 2020: Declining demand spurs Honda, BMW production halts American Honda …

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PayPal is the largest non-bank lender with over $ 54 billion in total assets

Many small businesses around the world depend on alternative finance companies for their capital, with traditional banks often having strict requirements such as a good credit rating. Non-bank lenders like PayPal aim to be the source of funding for those businesses that often have less stringent requirements. As of May …

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Crypto Lender Celsius calls on Horizen for proof of concept “proof of reserves”

The crypto lender Celsius will be producing a series of experiments over the next few months that would test what it would look like for the company to decentralize some of its operations. The pillar of centralized finance (CeFi) works with Horizen, a platform that develops and maintains the privacy …

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Standard Chartered Managing Director Tracy Clarke to Join Alternative Lender Greensill as Non-Executive Director in 2021

Alternative lending platform Greensill would have hired Tracy clarke, who served as CEO for Europe, the Americas and the World at Standard Chartered, as a non-executive director. Clarke will join Greensillof the 2021 Board of Directors following his planned retirement from Standard chartered bank, where she has worked for about …

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Mortgage rates drop to unprecedented levels | New

A silver lining has emerged from the coronavirus and the economic anxiety people face: Interest rates have fallen to unprecedented levels. × This page requires Javascript. Javascript is required for you to read premium content. Please activate it in your browser settings. kAm | @ CE8286 C2E6D A = F …

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