Banks have been concerned about stablecoin issuers coming for their deposits, but the growing popularity of the digital asset could have wider implications, including a reduction in available credit. While stablecoins are still early in their evolution, they are bound to scale massively, Rajeev Bamra, associate managing director, head of strategy, digital economy at Moody’s
Move Over Text Chatbots, Voice AI is Here. Deposit Photos Putting all the pieces together to secure a loan isn’t easy. Back when I was a mortgage broker, much of my day was spent tracking down bank statements, W-2 pay stubs, and countless other pieces of paperwork. I kept all this in manila folders for
In late July, the government unveiled its Small Business Plan, designed to fuel growth and strengthen protections for small enterprises. One of the headline measures includes a £4 billion pot of financing via Start-Up Loans, in addition to a crackdown on late payments. Crucially, the funding isn’t just for existing firms; sole traders and new
Homeowners are clearly looking for savings, even if it means taking on a riskier mortgage. Refinance demand, along with renewed demand for adjustable-rate loans, drove a sharp increase in overall applications last week. Total mortgage application volume rose 10.9% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract
A roadsign lies in front of a destroyed home east of Enderlin, N.D. after deadly tornadoes the night of June 20-21, 2025. (Joe Leier/KFGO) BISMARCK (Prairie Public) — The Bank of North Dakota says there have been a number of applications for loan programs dealing with severe storms that caused damage to farm buildings and
A skyline view of Shanghai’s Lujiazui area on July 1, 2025. Photo: VCG China’s central government will offer interest subsidies for consumption loans for individuals and business entities in the consumer services sector for the first time, as a part of the country’s new policy toolkit to stimulate consumption, a finance official said on Wednesday.
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China is offering to cover part of the interest payments on some consumer loans, in policymakers’ latest move to boost tepid household spending and counter prolonged deflationary pressures in the world’s second-largest economy. Under the
China has launched a year-long plan to offer interest subsidies for personal consumer loans as part of Beijing’s broader efforts to unlock household spending power and shore up domestic demand. Individuals who take out consumer loans for purchases – including single transactions below 50,000 yuan (US$6,958) and higher amounts for purchases in key sectors such
The Brief 45-year-old Rena Barrett of Covington admitted to making false statements on loans worth more than $550,000. Barret worked for the Small Business Administration but resigned after her fraud was discovered, prosecutors said. Officials said Barrett ultimately received about half of the $550,000 she sought. ATLANTA – A Small Business Administration employee pleaded guilty
MEMPHIS, Tenn. — As the cost of living continues to rise, some are turning to high-interest loans to help make ends meet. That’s one of the reasons Rise Memphis and Microsoft hosted an event to teach people about financial literacy. “It’s people signing up and not really fully understanding what they’re getting into, not understanding