CIMA revokes Hinduja Bank's licence

CIMA revokes Hinduja Bank's licence

The Cayman Islands Monetary Authority has revoked the banking licence of Hinduja Bank. The Cayman subsidiary of the Geneva-based private bank
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Banks have started contacting customers who have taken out mortgage deferrals

It forced her to take a repayment holiday on the $171,000 mortgage on her two-bedroom unit with the Commonwealth Bank and also access JobSeeker
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I Wish Hong Kong Were Just Another Chinese City

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. … state-owned giants, but its U.S.-listed technology titans such as JD.com Inc.
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Australia House Prices Fall as Shutdowns Hit Property Market

Australian home prices fell in May for the first time in almost a year as the impact of the coronavirus shutdown rumbles through the economy. Property
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Affin Hwang maintains 'underweight' on banking sector, sector earnings to fall

It added that Bank Negara's additional relief measures will put futher pressure on liquidity and funding. The research house said in an update that it
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Economies Changed Forever, China Factories, RBA's Tools: Eco Day

Here's the latest news and analysis from Bloomberg Economics to help you start the week:.
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With TALF backing, subprime auto lenders carry on new ABS deals

Three subprime auto lenders have launched $1 billion in new asset-backed transactions for the week ending May 29, each carrying
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Pandemic has catapulted banking sector into the future – Banking consultant

He said “Banking is a security-conscious industry, in that we take the confidentiality of customers so seriously…so right now what the banks are doing is
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Ritchie Bros. creates pipeline equipment marketplace

… throughout the pipeline industry for its live heavy equipment auctions, attracting bidders from all over the world. Since launching live internet bidding back in 2002, the industry increasingly become more used to buying and selling
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Stock Market Rebound Put to Test Again With Street Unrest Raging

U.S. cases increased 1.1% from the same time Saturday, to 1.78 million, according to data collected by Johns Hopkins University and Bloomberg News.
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Several thousand protest Floyd's death peacefully in Boston

… of mostly mask-wearing demonstrators marched peacefully through Boston in several protests Sunday, lending their voices to the nationwide anger
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Australian house price collapse likely averted but expect more weakness ahead: Shane Oliver

While listings have started to pick up a bit lately, they are still very low and this has all helped soften the blow to house prices that would have otherwise
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Online Home Searches Reach and Surpass Pre-Pandemic Levels: Survey

READ: New Report Suggests the Toronto Real Estate Market is Entering a 'Slump Phase'. Through the survey, Point2 Homes found that visits on the
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Bank of Texas picks Mandy Austin to lead Dallas market

The bank's Dallas market has about 500 employees, and Austin will also continue to have oversight of the corporate banking team. “Mandy is a natural
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Industrial Real Estate Market Forecast 2020-2025, Latest Trends and Opportunities

The recent report on the Industrial Real Estate market contains a detailed analysis of this business space. As per the report, the market will gain
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Everything you need to get a mortgage (except the money)

If so, INB can help pre-qualify you for a mortgage today…allowing you to go find the home of your dreams without worrying about the loan.
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What if it's an O-shaped recovery? Hint: That would be really bad

In early April, HousingWire Columnist Logan Mohtashami wrote about five indicators that would show when “America is back.” Now, he's checking in on
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Accord removes all lending restrictions

The lender is also relaunching its range of 90% loan-to-value (LTV) products with a maximum loan size of £600,000, providing positive news for
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Mortgage borrowing surges as rates and home prices plummet

A trade group reports that applications for homebuyer mortgages have been rising for weeks and saw a particularly big jump last week. And though the
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Kenya central bank holds benchmark lending rate at 7.0%

NAIROBI, May 27 (Reuters) – Kenya's central bank kept its benchmark lending rate at 7.0% on Wednesday, judging that its current accommodative
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