July 21, 2024
Loans

Selina: The end? Hospitality chain facing insolvency after defaulting on loan

Israeli-founded hospitality chain Selina, which went public two years ago on Nasdaq at a valuation of $1.2 billion, announced late last week that it may soon become insolvent. According to a document submitted to the American Securities and Exchange Commission, Selina, founded and managed by Rafael Museri and Daniel Rudasevski, failed to repay a loan

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Loans

Household loans rise again despite financial authorities’ pressure

A man passes by banners promoting mortgage loan products in front of a bank in Seoul, Sunday. Yonhap Banks’ spread hikes fail to offset falling market interest rates amid expectations of base rate cuts in 2nd half By Jun Ji-hye Combined household loans from the five major banks surged by more than 3.6 trillion won

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Loans

How to Get a Mortgage With No Down Payment

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. Most mortgages require you to make a down payment, but there are a

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Loans

Average HELOC Interest Rate Trends by Loan Type and Credit Score

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. Average HELOC rates have generally remained above 8% for several months now. But

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Loans

Home Equity Loan Rates Today

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. Current home equity loan rates are a little bit lower than current HELOC

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Loans

US appeals court blocks Biden administration student loan forgiveness plan – JURIST

A US federal appeals court on Thursday blocked President Joe Biden’s administration from implementing its student debt relief plan. The Court of Appeals for the Eighth Circuit suspended the remaining portions of the Saving on a Valuable Education (SAVE) plan, which the Biden administration introduced last year to reduce monthly payments for student loan borrowers. 

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Loans

Harland & Wolff: No loan guarantee as chief executive resigns

Image caption, Harland and Wolff have confirmed they will not get a government loan guarantee Article information Author, John Campbell Role, BBC News NI Economics & Business Editor 19 July 2024 Harland and Wolff has confirmed the company will not get a government loan guarantee and that its chief executive has left his job. The

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Loans

New Biden student loan SAVE plan put on hold by appeals court

A federal appeals court has put a temporary hold on the Biden administration’s latest student loan repayment plan, leaving millions of borrowers in the dark about how to resolve their debts. A one-sentence order issued Thursday by the 8th Circuit Court of Appeals in St. Louis bars the U.S. Education Department from implementing or acting

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Loans

South Africa’s Transnet Gets $1B Loan for Recovery and Growth

  Transet, the operator of South Africa’s beleaguered ports and rail network got a strong vote of confidence from the African Development Bank Group as it looks to move forward with a five-year modernization and growth of its operations. Last week, the bank which was established 60 years ago by the African nations to support

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Loans

Low-cost loan options for Hurricane Beryl recovery

Many business owners and residents have faced significant challenges due to Hurricane Beryl. To assist with recovery efforts, we reached out to FEMA, which directed us to the Small Business Administration (SBA) for support options. SBA provides relief for all affected According to Susheel Kumar, Public Information Officer for the SBA’s Office of Disaster Recovery

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