ndonesia’s largest private lender BCA recorded a 17.1 percent year-on-year (yoy) increase in loan disbursement to Rp 835.7 trillion in the first quarter of this year, which compares with Rp 713.8 trillion (US$43.9 billion) in the same period last year. Net profits at the bank and its subsidiaries also rose by 11.7 percent yoy to Rp 12.9 trillion in
Standard & Poors (S&P) just downgraded five more regional banks as pain in the sector continues to spread. In a new outlook report, S&P says it’s downgrading First Commonwealth Financial Corp., M&T Bank Corp., Synovus Financial Corp., Trustmark Corp. and Valley National Bancorp. All five banks were downgraded to “negative” from “stable.” S&P says the
The world of cryptocurrency is grappling with considerable challenges following its tumultuous boom and subsequent decline, which garnered significant media attention. The process of mainstream integration has been uneven, partly due to the difficulty in securing regulatory approval. The risk of theft – whether via hacking or other means – poses a considerable barrier in
(Yicai) March 6 — Affected by China’s relatively loose monetary policy, interest rates on consumer loans have dropped to as low as 3 percent, leading some customers to take such loans to repay their mortgages that have interest rates of around 4.5 percent. After the Chinese New Year holiday, people can apply for consumer loan
By Stephen Johnson, Economics Reporter For Daily Mail Australia 02:17 14 Feb 2024, updated 02:18 14 Feb 2024 The Reserve Bank has warned inflation could stay high for another two years if labour costs soar and terrorists continued to block a major international shipping route. That could see borrowers face another $100 a month hike to
Chik Shampoo’s case study on sachets in the 70s often serves as a playbook to tap into India’s billion people-strong potential. What started as a revolution in FMCG has now transcended industries, even reaching financial services. And one such space in the BFSI subset has managed to gain significant momentum: lending. Sachetised loans, also called
Daniel Burrell countersued Denver’s First Western Bank over $56million in loans He claimed that the bankers knew he was using his loans for personal expenses First Western Bank sued Burrell for defaulting on four loans totaling $56 million Burrell put renovated Aspen mansion and 4,200-acre ranch for sale for $86.5M A wealthy Colorado businessman who is