Troubled property developer China Vanke will receive a 7.8 billion yuan (US$1.1 billion) lifeline in the form of bank loans guaranteed by its subsidiaries, a day after the company had its credit rating cut. Shenzhen Yili Real Estate Development provided a guarantee for a 4.49 billion yuan loan, while Shenzhen Zhongke Wanxin Industrial offered a
Surprise, surprise. Gen Z doesn’t like banking. A lot of Gen Zers might just be bank-shy, according to a new survey by Socure, a digital identity verification provider, which found nearly half of Gen Z respondents wished they applied for financial accounts earlier in life but also did not feel prepared to enter the financial
TEHRAN- Iranian banking system has paid 38.6 quadrillion rials (about $77.22 billion) of facilities in the first nine months of the current Iranian calendar year (March 21-December 21, 2023), registering a 26.4 percent rise from the figure in the same period of the previous year, the Central Bank of Iran (CBI) announced. As IRIB reported,