Source: en.wikipedia.org
It was a phenomenal Friday (April 3) for Bank of America. The Charlotte-based global lender told CNBC that 85,000 customers have applied for $22.2 billion...
The People’s Bank of China (PBOC) trimmed the amount of cash some banks must put aside as reserves as a way to encourage lending, as...
Financial institutions (FIs) face a perennial challenge in their day-to-day operations — convincing customers to use their products and services rather than a competitor’s. This...
The U.K. government is seeking an agreement with financial institutions (FIs) to forgo the need for small businesses to offer personal guarantees to get coronavirus...
Already buried in emergency loan applications from small and medium-sized businesses (SMBs), five U.K. lenders have dropped out of the Coronavirus Business Interruption Loan Scheme...
A new program from NYMBUS will help small- to medium-sized businesses (SMBs) affected by the coronavirus pandemic apply for loans through an online portal, according...
Necessity, as they say, is the mother of invention. COVID-19 is spurring firms that rely on consumer spending, and on lending to finance big-ticket purchases,...
As a potential recession lurks, FinTechs, traditional banks and other financial institutions (FIs) are tightening the reins on loans to small businesses and households with...
U.K. government officeholders and companies have chastised financial institutions for requiring personal guarantees for emergency loans that are backed by the state. The mandate puts much...