BofA stops lending to private prison operators; GEO -3.5%

BofA stops lending to private prison operators; GEO -3.5%

Bank of America (BAC +0.7%) will stop lending to companies that run private prisons and detention centers, the bank's vice chairman, Ann Finucane
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Dudley BS reports record lending figures in year end results

In its most successful year to date, Dudley Building Society has reported record volumes of lending of £92.6m in 2018/19, up from £82.9m in the
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Fortune Minerals Announces Results of Annual General Meeting of Shareholders

LONDON, Ontario — Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) reports that the
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Civic Financial Services rolls out loans for single-family rental investors

Civic Financial Services, a private money lender that focuses on loans for property investors, recently launched a correspondent lending channel,
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Winklevoss Twins' Fortune Doubles as Bitcoin Rallies

The Winklevoss twins have seen their wealth more than double since January, thanks to the frenzied rally of Bitcoin, which surged as much as 22%
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Dating App Partners With Political Nonprofit to Raise Voter Turnout in 2020

Dating app Hinge is getting political. Ever since it became known 2020 Democratic candidate Pete Buttigieg met his husband on the platform, Hinge
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The Bard and the Bank Regulators

“Be wary then; best safety lies in fear,” said Laertes to Ophelia as she embarked on her doomed dalliance with Hamlet. That is sound advice for banks
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Facebook's Libra Could Give Dollar, Banks Some Welcome Competition

If you want to use the local currency, you pretty much have to go through your central bank and banking system with all its rules, restrictions and fees.
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Google Staff Petition SF Pride to Exclude Company From Event

About 100 Google employees urged the organizer of this weekend's San Francisco Pride parade to kick the company out of the celebration, escalating
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Forget Open Banking, SCA Could Take Banking Back To Square One

However, I question whether customer service would be increasingly efficient if banks stopped taking an emotional role in helping their customers
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'Bloomberg Markets: The Open' Full Show (06/26/2019)

Lisa Abramowicz highlights the market moving news you need to know heading into the Opening Bell on Wall Street. Stocks moved higher on
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Silent Expansion: Is Turkey Buying Georgia?

While Georgian protesters are blaming Russians for an alleged expansion, Batumi, the capital of Georgia's Adjara Republic is becoming one that
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Banking giant JP Morgan clicks on stake in Jenkins' 10x venture

JP Morgan Chase, America's biggest lender, is close to buying a stake in the banking venture founded by ex-Barclays chief Antony Jenkins, providing
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How inequality is distorting the housing market

The Joint Center for Housing Studies at Harvard University (JCHS) recently released its annual State of the Nation's Housing report for 2019. For more
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Bank of America Will Stop Lending to Private-Prison Companies

Bank of America Corp. said it will stop lending to companies that run private prisons and detention centers. “We have decided to exit the relationship''
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CBDC effect on lending depends on competition – BoC researchers

The effect of a central bank digital currency (CBDC) on bank lending depends heavily on the level of competition in the sector, researchers from the
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Murphy Fights for NJ Millionaire Tax: 'Whose Side Are You On?'

… of that organization, which is inside of a bubble, used to doing business the same way for decades,” Murphy said at a Paterson news conference.
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Square Capital unveils new details on lending to small businesses

Since Square Capital's inception 5 years ago, it's been able to loan nearly $4.5 billion dollars. The average loan is about $6,500, while the smallest is
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Westpac backpedals on plans to ease lending rules

APRA made a proposal asking banks to relax lending rules. One of the key pointers in the proposal is the removal of the quantitative guidance on the
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Freddie Mac: Population Growth Seesaws With Affordable Housing

The 10 fastest-growing metro areas experienced a population growth of more than 15 percent in the years studied by Freddie Mac, but these areas
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