loans

Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
August 25, 2020  |  Loans

Mortgage lenders, seeking to keep losses low, are asking homebuyers if they plan to seek forbearance due to the current economic crisis, The Wall Street...

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Xero To Buy SMB Financing Platform Waddle For Up To $57.5M
Xero To Buy SMB Financing Platform Waddle For Up To $57.5M
August 25, 2020  |  B2B Payments

As it aims to expand its small business platform, accounting software provider Xero plans to acquire cloud-based lending company Waddle through an arrangement valued as...

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India’s Future Retail Narrowly Avoids Debt Default
India’s Future Retail Narrowly Avoids Debt Default
August 24, 2020  |  Debt

Future Retail, a sprawling brick-and-mortar operation owned by Indian billionaire Kishore Biyani, made a $14 million interest payment to debt-holders on Monday (Aug. 24) –...

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Mall Of America Avoids Foreclosure
Mall Of America Avoids Foreclosure
August 21, 2020  |  Retail

The bad news continues to pile up for the mall sector. With real estate investment trust CBL Properties reportedly preparing to file for bankruptcy earlier...

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SMBs Seek Working Capital From New Sources
SMBs Seek Working Capital From New Sources
August 21, 2020  |  SMBs

Legacy banks are famously risk-averse, and the pandemic hasn’t improved that. Tightening of the credit markets during lockdowns up to now has beset small and...

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Tradewind Looks To Expand Services Across SE Asia
Tradewind Looks To Expand Services Across SE Asia
August 21, 2020  |  B2B Payments

Financial services company Tradewind is looking to expand its footprint in Southeast Asia, a press release says. Get the Full Story Complete the form to...

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The Main Street Rescue That Wasn’t (And Still Isn’t)
The Main Street Rescue That Wasn’t (And Still Isn’t)
August 20, 2020  |  Economy

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection...

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Citigroup Files Suit To Recover $900M In Mistakenly Transferred Funds
Citigroup Files Suit To Recover $900M In Mistakenly Transferred Funds
August 19, 2020  |  Legal

There are banking mistakes, and then there is Citigroup’s $900 million Revlon loan blunder. Get the Full Story Complete the form to unlock this article...

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The Time Store On The Challenges Involved In Digital SMB Financing
The Time Store On The Challenges Involved In Digital SMB Financing
August 19, 2020  |  Payments Powering the Platform Economy

Digital-first businesses that need capital as a cushion for lumpy cash flow find tapping their banks for funds can be tedious and slow, says Abe...

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