BORGO EGNAZIA, Italy (Reuters) – European Union states won’t be directly involved for now in a $50 billion loan that Group of Seven nations plan to raise for Ukraine based on income from frozen Russian assets, Italian Prime Minister Giorgia Meloni said on Saturday. The Group of Seven rich democracies agreed during their annual summit
Stream Innovations has secured a $400 million warehouse facility from Goldman Sachs to expand its portfolio of home improvement loans. The company, which provides point-of-sale financing for home improvement and solar installations, currently has $670 million in loans under management and expects to originate $800 million in home improvement loans in 2024, Stream Innovations said in
Apple Pay users in the United States will be able to apply for buy now, pay later (BNPL) loans through Affirm during checkout. This is one of several new features that will be added to Apple Pay in the fall, Apple said in a Tuesday (June 11) press release. “Apple Pay introduces even more flexibility
ETtech Synopsis Kunal Shah-promoted fintech has conducted market study and spoken with lending partners, but it is still early days, say sources. Unlike consumer credit, secured lending has a long physical leg to the business too. An NBFC executive highlighted the importance of control over loan disbursal and credit underwriting processes for secured products. 5
Mortgage originations fell by 11.2% in 2023, with 2,453 fewer loan closings than in 2022, according to data from the Office of the Commissioner of Financial Institutions (OCIF). According to the information, during the last two years, the upward trend that the real estate sector had between 2019 to 2021 has been broken. Last year’s
Whether you’ve recently benefited from Biden’s student debt discharges or are on a payment plan that will lead to forgiveness, wiping a large student loan balance can be a big financial relief. But depending on the timing and your situation, the forgiven debt could leave you on the hook for a big tax bill from
Small business banking platform Rapid Finance has introduced updates to its fraud detection platform Lynx. The platform now has a cloud-based rules engine that lets the company’s enterprise customers create customized risk management rules and outcomes, letting them make informed lending decisions tailored to specific criteria for small- to medium-sized businesses (SMBs). “The cloud-based rules
The Small Business Administration (SBA) reportedly plans to launch a working capital pilot program that will include government-backed credit lines of up to $5 million. The pilot program is designed to be attractive to both lenders and borrowers and to provide small businesses with working capital they need to pursue new contracts and expansion, SBA
GENEVA — The Geneva Rotary Club has been making interest-free loans to college students from Geneva for 100 years. The Student Loan program is one of the Rotary Club’s oldest community service programs. It was established in 1923, just four years after the club was formed, to provide interest-free loans to college-bound students attending Geneva
