Global Business Daily: Biden inauguration, EU bank lending falls

Global Business Daily: Biden inauguration, EU bank lending falls

Meanwhile in a sign of nervousness among the banks, lending rates plummeted late last year across the EU according to new data by the European
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Former Lend America exec Michael Ashley gets sentence commuted by Trump

A woman who lost her Long Island home after taking out a loan from Lend America's parent company, Ideal Mortgage Bankers, called the commutation “
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Banker says Trump's PPP loans saved American business, and they're back under Biden

Banks that give out forgivable loans from the federal Paycheck Protection … Regional Manager for Business and Professional Banking at M&T Bank,
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US Bank hangs on to loan loss reserves, reports slight Q4 profit

Since the start of the pandemic, the Minneapolis-based bank has built up an $8 billion allowance for credit losses to shield from the economic impacts of
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Citizens open to bank acquisitions, CEO says

Citizens Financial CEO Bruce Van Saun says “there's a race for scale” in the banking industry and that more banks — including his own — may need
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Three Years On, Open Banking's Progress And Roadmap Ahead

In broad strokes, open banking lays out a path and process for banks and other financial institutions (FIs) to share their customers' data with third
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PPP Loans: These Nonbank Lenders Are Accepting Round 2 Applications

Nonbank Lenders Accepting PPP Loan Applications. BlueVine: This online business lender will accept applications from any small business interested
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Should You Bet On Banking Stocks In 2021?

Banks fared COVID-19 better than expectations, say analysts. Analysts at Morgan Stanley said in a recent note that private lenders strengthened their
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English Football League in talks to tap BoE Covid lending facility

Private lenders are also vying to provide additional financing to the EFL. US insurer MetLife was among the companies to have shown an interest in
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Upstart partners with Oriental Bank, enlarges lending footprint

Oriental Bank specifically looks forward to utilizing features from Upstart's software platform that “increase the speed of lending decisions, better price
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Low Rates, Muted Lending to Mar Fifth Third (FITB) Q4 Earnings

This along with a muted lending scenario, particularly in commercial & industrial front, is predicted to have hurt NII to some extent. Also, the Zacks
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IIFL Finance subsidiary signs co-lending agreement with Standard Chartered Bank

IIFL Home Finance and Standard Chartered Bank have entered into a co-lending arrangement for extending credit to the MSME loans (loan against
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Morgan Stanley Impresses With Earnings, Buttressed By Robust Investment Banking

Investment banking and trading results looked very nice, for the most part. Besides banks, two other major earnings reports come out this morning as
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TurnKey Lender and Alkami Announce Partnership to Provide Banks and Credit Unions with Cloud …

TurnKey Lender's Unified Lending Platform is an intelligent lending management system that automates the entire loan life cycle. This digital platform
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California Cannabis Industry Association Announces Banking Deal for Members

In legal markets throughout the U.S., most businesses are shut out of banking services due to federal cannabis prohibition and must operate on a cash
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How banks can adapt their operating models for open banking

As banks look to secure their future relevance in the digital economy, Open Banking has become a key strategy for establishing credibility, developing
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Nationwide restores max term on 90% LTV lending to 40 years

The lender says it continues to expand its higher LTV lending, having moved to offering 90 per cent LTV loans to homebuyers and existing members
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SEK TENDER OPERATION ANNOUNCEMENT FOR ONWARD LENDING

SEK TENDER OPERATION ANNOUNCEMENT FOR ONWARD LENDING. Read full article. Sveriges Riksbank. Wed, January 20, 2021, 7:20 AM ·1
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Why This Startup Is Banking on VR to Build Empathy

Why This Startup Is Banking on VR to Build Empathy. sponsored content from Amazon Web Services (AWS). By Michael Niehoff Jan 19, 2021.
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Agri-lending apt for fintechs?

They would be better off lending to non-farm rural enterprises. In the recent past, the agriculture space has seen the emergence of a large number of
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