loans

Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance

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 & Regulation

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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