Reliance Capital arm invests $1 mn in lending startup Billionloans

Reliance Capital arm invests $1 mn in lending startup Billionloans

The company was founded by Rangan Varadan, a serial entrepreneur who has also co-founded MicroGraam — an online micro-lending platform,
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China's housing market likely to continue to cool, says Fitch

SHANGHAI: China's housing market is likely to continue to cool in response to stronger restrictions on home purchases across many cities and tighter
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VIDEO: Driver's devastation as freight company closes

VIDEO: Driver's devastation as freight company closes …. Mr Elvin took out a fresh mortgage on a Goonellabah home six months ago and will have no
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Bank Health, Imperiled

In the first systemwide all-clear since the financial crisis, the Federal Reserve announced last week that all of the nation's big banks are healthy.
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Business as usual, say estate agents

Following years of double-digit house price rises, slowing house price growth is to be expected, with property experts reporting that buyers cannot be
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Reliance Capital arm invests $1 million in lending startup Billionloans

The company was founded by Rangan Varadan, a serial entrepreneur who has also co-founded MicroGraam – an online micro-lending platform, along
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Trump's Rural Broadband Goal Won't Be Easy, and It'll Be Costly

President Donald Trump has promised to expand broadband service to rural areas as part of his $1 trillion nationwide infrastructure plan. That may be
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A game of cat and mouse

India's gaming market has for decades been chasing small revenues. But rising smartphone adoption, changing social attitude, and better payment
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Goldman to Review Commodities After Worst Start in a Decade

Goldman Sachs Group Inc., the dominant commodities trader on Wall Street, is reviewing the direction of the business after a slump in the first half of
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China's housing market may cools further in H2

CHINA'S housing market will continue to cool in the second half of 2017 due to stricter home purchase restrictions as well as tighter credit conditions,
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Watch out for high mortgage fees

If you're on the lookout for a new mortgage, either for a house purchase or in a bid to remortgage to a lower rate, you may be tempted to just pick the
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Khalil El-Ghoul of Glass House Real Estate Named #1 in Sales Transactions & #5 in Total Sales …

Khalil Alexander El-Ghoul, principal broker at Glass House Real Estate, was named one of America's top real estate professionals by REAL Trends,
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Singapore fintech startup Validus Capital raises US$2.9M to grow SME lending platform

Founded in 2015, Validus Capital is an online p2p lending platform that facilitates loans between Singapore SMEs and accredited investors.
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Louisiana Town Convulsed by Relocation as Climate Policy Shifts

There was a fight coming and everyone knew it, so the reverend asked his guests to start with a prayer. “Dear Lord, here we gather to consider ways
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Nordic real estate is considered smart money by the world's biggest investors – new deal record …

The Nordic real estate market is on track for a record year in terms of deal volume. Although the Swedish market had greater volume of real estate
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Mortgage industry needs to provide 'real solutions': MFAA

The mortgage industry needs to demonstrate its ability to self-regulate and improve transparency, the Mortgage & Finance Association of Australia has
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ICO for Real Estate Project Primalbase Raises Over $7.5m in Bitcoin

The Waves Platform, a decentralized crowdfunding platform developed in Russia, has announced that Primalbase's ICO campaign has been
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Barclays Bank DOWN – Online banking and mobile app NOT WORKING, customers complain

BARCLAYS BANK appears to be suffering an outage, with online banking and mobile app customers complaining about the service not working.
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HSBC offers sub-1 per cent mortgage

Tracie Pearce, HSBC UK's head of mortgages, said: “We were the first to break the 1 per cent mark last year with our two-year fixed rate mortgage, and
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Reliance Capital invests $1 million in online lending platform Billionloans

KOLKATA: Reliance Capital has invested $1 million (about Rs 7 crore) as seed capital in Billionloans Financial Services, an online lending platform
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BGEO Group keen to demerge bank and investment divisions

BGEO Group keen to demerge bank and investment divisions

BGEO Group announced on Monday that it intended to demerge into a London-listed banking business – Bank of Georgia Group – and a London-listed
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China central bank lends 498 bln yuan via medium-term lending facility in June

BEIJING, July 3 (Reuters) – China's central bank lent 498 billion yuan ($73.35 billion) for one year to financial institutions via its medium-term lending
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EDF Says Hinkley Nuclear-Project Cost May Top 20 Billion Pounds

Hinkley Point B nuclear power station, operated by Electricite de France SA's (EDF), left, stands near to groundworks for Hinkley Point C near
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UK Manufacturing Slowdown Raises Doubts About Economic Outlook

Economists in a Bloomberg News survey had predicted the overall manufacturing index would drop to 56.3 in June from a previously reported 56.7 in
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Centennial: Arnold family's business ties are wide-ranging

He eventually returned to Davis and started working at Arnold Real Estate, … Doug Arnold built Arnold Real Estate into what was for many years the
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Hampshire Trust provides £600000 refinancing facility

Hampshire Trust Bank's Commercial Mortgages team has provided a £600,000 refinancing facility against a commercial premises in South West
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RCap arm makes seed investment in alternate digital lending startup

Billionloans Financial Services on Monday announced that it had closed a seed funding round of approx. Rs 7 crore (USD 1 million) from Reliance
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An economist looks into a crystal ball

He spoke to Fortune India about the impact of Brexit, the need for economies to have “climate stress tests”, and the shift from fossil fuels.
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Delhi Metro Token Purchase, Smart Card Recharge Now Available via Banking Apps

Delhi Metro commuters will now be able to buy token and recharge their smart cards through their mobile banking application, the Delhi Metro Rail
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Karp Capital Management Corp Buys New Stake in Anworth Mortgage Asset Corporation (ANH)

Anworth Mortgage Asset Corporation logo Karp Capital Management Corp purchased a new stake in Anworth Mortgage Asset Corporation
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Mortgage options for those with no deposit

A guarantor mortgage is also possible, where a third party acts as a guarantor. This means that they agree to be responsible for the debt, and if you fail
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UrbanClap Raises $21M in Series C, RBI Finalises P2P Lending Norms & Espark-Viridian Invites …

Here is a list of deals that happened in Indian Startup Ecosystem today. Read a brief description about all of them: 1. Home services start-up firm
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Over 30 percent of Dutch apartments bought in cash last year: report

An increasing number of Dutch homes are being bought without a mortgage, according to the Land Registry. Last year almost a third of the apartments
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Interest-only loan switch could hit households for $10b: Macquarie

The banks' move to push borrowers out of interest-only loans and towards principal and interest loans will eventually hit lending growth rates.
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CapitaLand to go on land-banking and acquisition spree

According to the brokerage firm, the group is set for more active land-banking and acquisitions as part of its expansion plans following the opening of
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Former TSB head of property risk joins Gatehouse

He is the second former Aldermore employee to join Gatehouse, with the specialist lender's former group managing director of mortgages recruited as
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Optimum Credit completes first securitisation of second-charge mortgages since the credit crisis

Prime second-charge mortgage lender, Optimum Credit, has completed the first public securitisation of second-charge mortgages by a UK mortgage
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Details reveal how Mel B lost her entire Spice Girls fortune

Details have emerged regarding how former Spice Girl, Mel B lost her fortune of over 38 million. She was speaking to a court in Los Angeles as part of
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NetEnt's Hall of God's pays out €7.5m jackpot

NetEnt's Hall of God's pays out €7.5m jackpot

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Lendy: Londoners Borrowed £17B in New Mortgages in 2016, Wimbledon & Wandsworth Top …

Londoners borrowed another £17 billion in new mortgages last year as the affluent southwest London neighbourhoods of Wimbledon and
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ARRIS International PLC (NASDAQ:ARRS) Shares Sold by CNA Financial Corp

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AQR Capital Management LLC Purchases 49287 Shares of Ctrip.com International, Ltd. (NASDAQ …

Ctrip.com International logo AQR Capital Management LLC boosted its position in Ctrip.com International, Ltd. (NASDAQ:CTRP) by 4.3% during the
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Cost of relocating clearing banks runs higher and higher

Against this background, the Cebr believes that the Bank of England will not raise interest rates until the end of 2018, rather than earlier in the year.
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Clough Capital Partners LP Has $899000 Stake in Tarena International, Inc. (TEDU)

Clough Capital Partners L P owned 0.09% of Tarena International worth … Inc. (The) cut Tarena International from a “buy” rating to a “neutral” rating
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Georgia's BGEO to Demerge Into London-Listed Banking, Investment Arms

(Reuters) – BGEO Group Plc, the holding company of JSC Bank of Georgia, said it intended to demerge into two London-listed firms – a banking
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BRIEF-Moody's changes outlook on Mongolia banking system to stable

Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world's largest international multimedia news agency, providing
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First American Corporation (The) (FAF) Getting Positive Press Coverage, Study Shows

The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and services segment
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Mel B Has Reportedly Squandered Almost All Her Spice Girls Fortune

Former Spice Girl Mel B has squandered virtually all of her personal multi-million dollar fortune in leading an “extravagant” lifestyle and is now almost
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Lending Operations Analyst Job in Sydney

We are seeking an experienced lending support specialist to join the growing Lending Operations team in Sydney.
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Kuflink launches new ISA and investment options

The property-backed Innovative Finance ISA can be started with a minimum investment of £100 and under current 2017/18 allowances, up to £20,000
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SA bank tax blocked by opposition

South Australia's opposition has vowed to block the state government's bank tax in the upper house, after a fierce campaign against the $370 million
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China Inc's US$7.8b of dividend payouts to stress Yuan

The currency then surged amid speculation of central bank intervention, erasing its losses for the month to rise 0.6 per cent in Asia's best performance
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Anworth Mortgage Asset Corporation (ANH) & Drive Shack (DS) Head-To-Head Analysis

Anworth Mortgage Asset Corporation (ANH) & Drive Shack (DS) Head-To-Head Analysis

Anworth Mortgage Asset Corporation (NYSE: ANH) and Drive Shack (NYSE:DS) are both small-cap finance companies, but which is the better stock?
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Houma-Thibodaux named 10th most stable housing market

Despite the oil slump and the housing market crash, SmartAsset.com has ranked the Houma-Thibodaux metropolitan area as the 10th most stable
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Home Lending Specialist Job in Sydney

You will be providing advice on home loans as well as other financial needs for one of the largest banks in Australia.
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Calif. couple finds 'move back' spray painted on recently purchased Portland home

On Sunday Preston Page and his fiancée found their house and car … That can be rough … you see housing prices double, or triple in the past five to
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Skutchan: Fort Collins must take more comprehensive approach to housing decisions

In April, Realtor.com named our city the most stable market in the nation. Last week, another report showed us just outside of the top 5 best housing
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Science Applications International Corporation (SAIC) Receives $83.14 Average PT from Brokerages

Zacks Investment Research cut shares of Science Applications International Corporation from a “strong-buy” rating to a “hold” rating in a research note
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ECB's Mersch Joins Weidmann in Explaining Policy Path to Germans

The Bundesbank got a little help this weekend from one of the European Central Bank's top officials in assuring Germans that monetary policy will
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CNA Financial Corp Acquires 1100 Shares of Enova International Inc (NYSE:ENVA)

CNA Financial Corp boosted its stake in Enova International Inc … Finally, ValuEngine raised Enova International from a “buy” rating to a “strong-buy”
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Yen Gains After Abe Setback; Equities Set to Rise: Markets Wrap

The Australian and Thai central banks will probably maintain interest rates at current levels, according to analysts surveyed by Bloomberg.
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UK Finance association to oversee banking industry tech revolution

A major new voice for finance and banking has been launched, as the industry is “revolutionised” by high-tech developments. Trade association UK
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No Unscrupulous Dealers Wanted In Real Estate

Real estate companies were yesterday told to work within the ambit of the law and ensure that the industry was clean of unscrupulous dealers.
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Ministers facing calls to ramp up protections for greenbelts amid concerns over lack of affordable …

The latest official house price figures, published in April, reveal prices in England increased by 5.7 percent over the last year, with first time buyers in
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SEBL makes Kamal Hossain MD

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India's New Tax Isn't the Last of Modi's Reforms

With a landmark goods and services tax now rolling out across India, Prime Minister Narendra Modi is likely to turn his focus to job creation and other
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Funding helps residents meet home ownership goals

“This program gets people into the home-ownership market who couldn't do it any other way,” said Bruce Whitney, lending and shared equity manager
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The International Chamber of Commerce (ICC) Banking Commission has released its 2017 report entitled Rethinking Trade and Finance. Based on
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Contrasting Federal Agricultural Mortgage Corporation (AGM) and Green Dot Corporation (GDOT)

Green Dot Corporation (NYSE: GDOT) and Federal Agricultural Mortgage Corporation (NYSE:AGM) are both small-cap business services companies,
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“How my grandma's little room launched me into fortune”

27-year-old Benson Godwin emerged the overall winner of the British Royal Academy of Engineering for Africa in Kenya, carting away the £25,000 (10
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Experts predict house prices could plummet by up to 40 PER CENT due to Brexit and wage drop

House prices could plummet by almost 40 per cent as Britain faces a crash similar to that in the 1990s, a leading professor at the London School of
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Asia Can Power Through Another Financial Crisis

The Asian nations hit hardest 20 years ago by a crisis that sent currencies and stock markets tumbling, saw governments fall and pushed millions back
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Qatari Foreign Minister to Deliver Response to Bloc Demands

Qatar, under a Saudi-led blockade of its air, sea and land links, is unwilling to concede any demands that threaten its sovereignty or violate
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Real Estate Act review almost complete, says Koya

Minister for Industry and Trade Faiyaz Koya (right) meets Real Estate Association of Fiji president Vyas Deo Sharma at the association's annual
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Aadhaar Pay sees 6-fold jump in rural transactions between October and April

“Banks have already deployed around 1.3 lakh micro ATMs in the country, of which more than 1 lakh terminals are interoperable,” said AP Hota, chief
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Bank of England ready to increase UK base rates

As UK base rates begin to move higher this will impact UK mortgage rates which have been at historic lows for some time now. There will still be
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Book Alternative Lending (Opposing Viewpoints)

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Infighting Plagues South Africa's Ruling ANC as Elections Loom

Infighting and scandal are threatening the stranglehold South Africa's ruling African National Congress has held on power since the end of apartheid.
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Confab Reviews IFRS Adoption, Risk Management of Banks

Due to the importance of conforming banks' balance sheets to International Financial Reporting Standards and establishing risk management
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The EU's New Presidency Is Already in Trouble

Days into Estonia's rotating presidency of the European Union, the Baltic nation's government is showing signs it may not see out the full six months.
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Trump Wrestling Tweet is 'Incitement to Violence' Against Media, Say Critics

As an investigation into possible Russian collusion unfurls and Republican legislators struggle to push through the health care reform agenda that
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Deutsche Bank Employee Morale Said to Steady After 3-Year Drop

Deutsche Bank Employee Morale Said to Steady After 3-Year Drop

A Deutsche Bank AG logo stands during the German Institute for Economic Research in Berlin (DIW) women's finance summit, inside Deutsche Bank's
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Ethiopia: Unravelling Access Real Estate

Shewaferaw Girma, 67, a retired civil engineer, remembered how he was persuaded by a relative who worked for Access Real Estate as a sales agent
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Rising Interest Rates Raise Uncertainties for Hong Kong's Property Market

Rising interest rates may help to cool off prices in the world's least affordable housing market, something the government's administrative measures
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ANC gives government six months to establish state bank

ANC delegates have given the government an ultimatum to ensure that a state bank is up and running within six months. This comes a week after Post
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Israel Trip a Sign of Modi's Shifting Foreign Policy Calculus

Looking for new agriculture technology as well as high-tech weapons to fuel his military modernization program, Narendra Modi is making a landmark
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China's Xi Singles Out Germany as Global Ally in Pre-G-20 Op-Ed

Chinese President Xi Jinping called for closer cooperation with Germany in shaping the global order, marking out Chancellor Angela Merkel as an ally
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A Court Thwarted Scott Pruitt's Effort to Weaken EPA Emission Rule

A federal appeals court in Washington ruled Monday that the head of the Environmental Protection Agency overstepped his authority in trying to delay
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Stop real estate agents from 'double-ending': Editorial

Real-estate agents can't fairly represent both a seller and a buyer on the same deal. The conflicts of interest are numerous — and one client or the
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Kevin Durant Agrees to 2-year Deal With Warriors

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Swedish Central Bank Joins Its Peers in Ditching Easing Bias

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Restraint curbs business not investment lending

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Australia Defies Hawkish Talk as Lowe Frets Over Household Debt

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Denmark to review EU banking union plans

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Banks ordered to prove booming consumer credit is not a danger

Banks have been ordered to prove that the boom in lending on credit cards and other household loans is not excessively risky – or face the
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Uber Looks Like Losing Another Big Case In EU's Highest Court

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Denmark to make final decision on participation in EU's banking union by 2019

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Pioneer Valley home sales lag through May, inventory tight

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Denmark to decide on EU's banking union membership after Brexit

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Samsung Plans $18 Billion of New Investments in Chip Production

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Indostar in talks to buy 70% stake in ICICI Home Finance

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What followed was a high stakes game of real estate hardball that now has the two sides in Lehigh County Court fighting over just how much attorneys
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Taiwan's property market gains more steam in June

Tseng Ching-der (曾敬德), a research manager with Sinyi Realty Inc. (信義房屋), said the local property market's momentum accelerated in June,
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Fraser Institute Media Advisory: How vulnerable is Ontario's economy to a housing market bubble …

TORONTO, ON–(Marketwired – July 04, 2017) – On Wednesday, July 5, the Fraser Institute will release a new study on Ontario's economy and
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$1.12 Earnings Per Share Anticipated By Analysts for IBERIABANK (IBKC) For The Current Period

Three brokerage firms recommended the company shares with a hold … title insurance and closing services agency (Lenders Title); IBERIA Capital
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It's a seller's market as Columbus housing heats up

No one needs to tell Mike and Suzy Johnson that the Columbus housing market is hot. Within a day of listing their Orient-area condominium, they had
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The rise and fall of Hefei's real estate market

Hefei's property market is a prime example of China's real estate boom and bust, according to a report by the state-owned China Economic Weekly on
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Networks and lending conditions: empirical evidence from the Swiss franc money markets

This network topology affected the shift observed from unsecured to secured lending and the increase in risk premia for unsecured lending during the
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Open Banking pilots are launched

Sanela Dulic about the progress in our Open banking pilot.
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In Dispute Over Partnership's Conversion to LLC, Court Finds No Duty to “Spoon-Feed …

Since the 2007 Freddie Mac refinancing, [the LLC] has refinanced twice, and the terms of its most current loan could imperil the loan if we reverse.
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London & Quadrant turnover up 20%

London & Quadrant turnover up 20%

StockMarketWire.com – London & Quadrant Housing Trust's turnover … of turnover came from social housing activities compared with 77% in 2016.
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Digital lending startup Billionloans gets funded

The company had announced yesterday (03/07/2017) that it has made an investment of Rs. 7 crores in Series A round of funding in the digital lending
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Lenders risk another credit crunch, PRA warns

Boom in unsecured personal lending leaves lenders vulnerable to a downturn, banking watchdog, the Prudential Regulation Authority, warns.
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Imran Khan questions PML-N's formula of 'accumulating vast fortune'

Q: What formula was used by these boys to accumulate a vast fortune so quickly? Ans: Corruption/money laundering on an unprecedented scale
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Bank of England gets tough on lenders over credit risk-taking

1 1 The Bank of England has told lenders to prove they are not taking on too much risk in the latest step of its crackdown on soaring consumer lending.
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Bank of England steps up scrutiny of lenders

The Bank of England is particularly worried about lending for car purchases. … It said: “Loss rates on consumer credit lending were low at present.
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Bank of England supervisory body stops short of launching tighter controls on consumer lenders …

A supervisory branch of the Bank of England has stopped short of launching tighter controls on consumer lenders but is calling on firms to up their
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Australia Stocks Rebound to End Higher; Bank Shares Jump

MELBOURNE, Australia–Banks and resources stocks helped drive a broad rally in Australian stocks Tuesday, as the market ended higher after
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Jewels, cars and designer bags: How Mel B 'blew' her £38 million fortune

With an eye-watering fortune of £38million, there's no reason Mel B shouldn't spend, spend, spend. But last week the former Spice Girl made the
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Activist Investor Keith Meister Is Holding a $20 Billion Deal to Ransom

Corvex, the hedge fund run by activist investor Keith Meister, has thrown a wrench into the planned $20 billion merger of plastics and rubber products
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Is the UK housing market immune to political chaos?

Meanwhile fundamentals remain intact for the wider market – an endemic shortfall of housing supply and growing investment in regional cities will
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North Korea Claims Its First Successful Launch of an ICBM

North Korea said Tuesday it successfully test-fired an intercontinental ballistic missile, a claim that brings the isolated state closer to its aim of building
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Bio-chemistry graduate who found fortune in aiding diaspora investors

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Bank of England orders lenders to prove consumer credit protections

The Bank of England has handed UK lenders a deadline to show they are adequately protected against consumer credit risks as borrowing continues
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Brexit Bulletin: The Economic Outlook Darkens

For evidence of how much the economy is starting to feel the bite of Brexit, look no further than the Bloomberg Brexit Barometer. A custom-made index
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President Kenyatta orders review of title deeds in Mwea Settlement Scheme

President Uhuru Kenyatta has ordered a review of title deeds in Mwea … The company that was single-sourced to handle the demarcation of the land
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Qatar Learns to Cope With Its Isolation as Saudi Deadline Looms

Shock in Qatar over an unprecedented Arab boycott is giving way to daily acts of defiance. As a July 5 deadline to meet a 13-point list of tough
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Novato: Real estate agents see a changing town

Novato: Real estate agents see a changing town

Novato has changed in recent years, and local real estate agents know that better than anyone. Our once sleepy hamlet is becoming a bit more
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Lender bosses back Private Label mortgage 'innovation'

Lender bosses have voiced support for the relaunched packager Private Label, saying the firm will plug gaps in the market with much-needed product
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85000 people apply for just 30 banking jobs in Italy

According to British daily the Telegraph, 85,000 candidates have applied for 30 jobs at the Bank of Italy. To put that into perspective, about 2,800
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Sub-prime lending crisis?

The Bank's Prudential Regulation Authority will set out measures at 9.30am to correct “weaknesses” in bank lending. The car finance market is thought
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BoE shies away from tighter consumer lending controls

The Bank of England has stopped short of imposing tighter controls on lending, despite identifying concerns about the growing riskiness of consumer
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Man plotting to rape real estate agent in empty home had list of 200 victims and 'enjoyed the hunt'

A MAN convicted of plotting to rape a real estate agent in an empty house wrote in his diary about how much he enjoyed 'the hunt' for potential victims.
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Tuesday 4 July 2017

Fears of a crisis in sub-prime lending have soared after top analysts warned that borrowers have limited flexibility to handle the rising cost of living.
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Energy and banking boost stock indexes

NEW YORK – U.S. stocks rose Monday as banks continued to climb along with interest rates, and energy companies rallied again with oil prices.
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Bank of England Orders Lenders to Show They Are Protected Against Consumer Credit Risks

LONDON, July 4 — The Bank of England ordered British banks and other lenders on Tuesday to prove by September that they are not taking on too
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Wandsworth and Wimbledon top borrowing league table

Wandsworth (£472m) and Wimbledon (£408m) have topped a new mortgage lending table which has revealed that £17bn was borrowed by
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As RBA stayed on hold, banks raised interest rates anyway

“Although the RBA cut by 50 basis points across May 2016 and August 2016, average mortgage rates fell by only 14 basis points, while interest-only
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Ex-KPMG South Africa Chief Denies Wrongdoing During Gupta Audit

Moses Kgosana, who withdrew from taking the post as chairman of Alexander Forbes Group Holdings Ltd. in the wake of allegations related to his
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Loans charity ups lending limit

A charity which provides funding for start-up companies and entrepreneurs has increased the level of loans it offers. The Sir Thomas White Loans
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Processes required when considering any renovations or alterations in sectional title schemes

There are often cases, particularly in older sectional title blocks, where units will need … What all sectional title owners must realise (and often don't) is that … Michael Bauer, general manager of property management company IHFM.
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Private industrial sector accounted for 62.4% of credit facilities granted by banks to non …

In its monthly bulletin on the performance of the banking sector, the CBE stated that the total balances of credit facilities granted by banks rose by EGP
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