loans

Razorpay Introduces Cash Advance To Provide Instant SMB Loans

Razorpay Introduces Cash Advance To Provide Instant SMB Loans
Razorpay Introduces Cash Advance To Provide Instant SMB Loans
September 08, 2020  |  B2B Payments

India-based financial solutions company Razorpay is rolling out a new solution for companies in need of business loans, helping them to instantly access capital, according...

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JPMC CEO: Some Employees Have ‘Fallen Short’ As Bank Investigates Stimulus Violations
JPMC CEO: Some Employees Have ‘Fallen Short’ As Bank Investigates Stimulus Violations
September 08, 2020  |  Loans

JPMorgan Chase employees returned to work following the Labor Day weekend Tuesday (Sept. 8) to discover a company email accusing some of them of potentially...

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UK FinTech MarketFinance Nets $65.8M To Extend SMB Loans
UK FinTech MarketFinance Nets $65.8M To Extend SMB Loans
September 08, 2020  |  Cross-border Payments

MarketFinance, a FinTech business lender, has secured a £50 million ($65.8 million) loan investment from Viola Credit, the Israeli asset manager, to go toward lending...

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Citigroup Still At Odds With Hedge Fund Over Bank Payment Mistake
Citigroup Still At Odds With Hedge Fund Over Bank Payment Mistake
September 07, 2020  |  Legal & Regulation

In an unusually public feud, Citigroup is engaged in a squabble with a creditor over the mistaken $900 million Revlon payments from earlier this year...

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Banks Raise Real Estate Lending Red Flags As Commercial Properties Sit Vacant
Banks Raise Real Estate Lending Red Flags As Commercial Properties Sit Vacant
September 07, 2020  |  Real Estate

The nation’s banks are anxious about getting loans repaid that are secured against empty office buildings, hotels and malls. Get the Full Story Complete the...

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New California Consumer Law Could Regulate SMB Loans
New California Consumer Law Could Regulate SMB Loans
September 03, 2020  |  Legal & Regulation

California’s new law expanding financial watchdog powers includes a provision that could help protect small business borrowers by making it easier to regulate small business...

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US House Oversight Panel Reports $1B In PPP Loan Violations
US House Oversight Panel Reports $1B In PPP Loan Violations
September 01, 2020  |  Loans

A congressional investigation found more than $1 billion in Paycheck Protection Program (PPP) funds went to small businesses that received multiple loans, a violation of the federal...

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China’s Banks Lost Billions In Defaulted Loans, Set Aside Cash For More
China’s Banks Lost Billions In Defaulted Loans, Set Aside Cash For More
August 31, 2020  |  Loans

Five of China’s largest state-owned lenders reported their biggest profit losses in at least a decade, as the number of defaulted loans has skyrocketed since the onset...

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