loans

Inspector General Wants Answers From Mnuchin, Cruz On Pandemic Lending Program

Inspector General Wants Answers From Mnuchin, Cruz On Pandemic Lending Program
Inspector General Wants Answers From Mnuchin, Cruz On Pandemic Lending Program
February 01, 2021  |  Loans

Former Treasury Secretary Steven Mnuchin and Texas Sen. Ted Cruz are the subjects of a pair of watchdog investigations, Bloomberg reported. Get the Full Story...

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Singapore’s Grab Gets $2 Billion Loan Facility Amid IPO Speculation
Singapore’s Grab Gets $2 Billion Loan Facility Amid IPO Speculation
February 01, 2021  |  Investments

Singapore’s Grab said it has closed on a $2 billion, five-year term loan facility amid speculation that it is readying an initial public offering. Get...

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Stimulus Essentials: A Week Of Congressional Negotiations Begins
Stimulus Essentials: A Week Of Congressional Negotiations Begins
February 01, 2021  |  Economy

A new presidential administration has begun, a new House and Senate have been sworn in, and more stimulus, it seems, is going out. How much...

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Virginia Man Pleads Guilty To $2.5 Million PPP Swindle
Virginia Man Pleads Guilty To $2.5 Million PPP Swindle
January 31, 2021  |  Security & Fraud

A Leesburg, Virginia, man pleaded guilty to a federal bank fraud charge that he stole $2.5 million by obtaining Paycheck Protection Program (PPP) loans by...

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Temenos Unveils Revamped B2B Lending Platform For Banks
Temenos Unveils Revamped B2B Lending Platform For Banks
January 28, 2021  |  B2B Payments

Banking technology company Temenos revealed a “next-generation” business lending system, which was created to assist financial institutions (FIs) in digitally transforming their corporate banking business,...

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ECB Concerned That Euro Banks Are Unprepared For Spate Of Bad Loans
ECB Concerned That Euro Banks Are Unprepared For Spate Of Bad Loans
January 28, 2021  |  Loans

The European Central Bank (ECB) is concerned that regional banks are not setting aside as much money as other countries to cover loan losses stemming...

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Banks Brace For New Competitive Forces In Commercial Lending
Banks Brace For New Competitive Forces In Commercial Lending
January 28, 2021  |  B2B Payments

Though traditional financial institutions have faced a surge in market pressure to digitize as new FinTech competitors emerge, there are still plenty of areas in...

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Stilt Raises $100 Million To Fuel Immigrant Loans
Stilt Raises $100 Million To Fuel Immigrant Loans
January 27, 2021  |  Investments

Stilt, which works in financial services for immigrants, has raised a $100 million warehouse facility from Silicon Valley Bank, according to a press release. Get...

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Mortgage Lender LoanDepot Seeking Over $300 Million In IPO
Mortgage Lender LoanDepot Seeking Over $300 Million In IPO
January 27, 2021  |  IPO

LoanDepot will be seeking as much as $315 million in its initial public offering (IPO), according to a Securities and Exchange Commission (SEC) filing. Get...

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