Russian central bank raises key lending rate 2nd time this year

Russian central bank raises key lending rate 2nd time this year

MOSCOW, Dec. 14 (Xinhua) — The Russian Central Bank on Friday raised its key lending rate by 0.25 percentage points to 7.75 percent on “elevated
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Why 2019 could be the year of the big bank merger

One trend to pay attention to in 2019: consolidation in the banking industry. A lower corporate tax rate and a favorable regulatory environment are
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GOP Is 'Going Backward,' Warns Retiring Republican Congresswoman

Retiring Republican Rep. Ileana Ros-Lehtinen had some stern words of warning for her party as she faces the end of a nearly 30-year career in the
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UK invoice finance and asset-based lending grows despite economic uncertainty

The UK's invoice finance and asset-based lending industry achieved modest growth, despite business uncertainty over the economy, new figures from
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Umpqua Bank Named Oregon's Most Admired Financial Services Company

PORTLAND, Ore., Dec. 13, 2018 (GLOBE NEWSWIRE) — Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), has been
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Millennial homebuyers bring down payments below 20%

Putting down 20% of the sales price has been the industry standard when buying a house, but less than half of consumers do that much, according to
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LVMH Is Acquiring Luxury Hotel Group Belmond for $3.2 Billion. Here's Why

LVMH Moët Hennessy Louis Vuitton, the world leader in luxury goods, is acquiring London-based luxury hotel brand Belmond Group for $25 cash per
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China's Economy Falters and Stocks Take a Global Hit

When the second largest economy in the world, China's, takes a hit, so do stock markets. And the country is facing more problems than the ongoing
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Smarter Loans Publishes The State of Alternative Lending in Canada 2018 Study

TORONTO, Dec. 14, 2018 /CNW/ – When they're in need of a loan, a majority of Canadians now look to online lenders as a viable alternative to
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Public sector banks recover bad loans worth Rs 2.33 lakh crore in 4 years to FY18: Shiv Pratap …

NEW DELHI: Public sector banks recovered Rs 2.33 lakh crore worth of bad loans during the four years from financial year 2014-15 to fiscal 2017-18,
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The 'super-duper' fame and fortune of Virat Kohli, India's biggest sporting star

Team India register historic win in Adelaide,” declared the Hindustan Times this week. “Virat Kohli's team beat the home side by 31 runs.” Whether the
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ASB promotes Sarah Galvin to Senior Vice President of Commercial Lending

Previously she has held a variety of leadership positions within lending at Enterprise Bank & Trust Company, Clinton Savings Bank, Citizens Bank and
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VPC Specialty Lending Chairman Steps Down Temporarily Due To Illness

LONDON (Alliance News) – VPC Specialty Lending Investments PLC said Friday that Chairman Andrew Adcock has temporarily stepped down from
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Wall Street banks turn skittish on leveraged loans

Wall Street banks are offloading leveraged loans at discounted prices and demanding that borrowers accept less advantageous terms, as they move
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India's central bank board meets with new worries about autonomy

India's central bank board will meet on Friday with much of the hostility of the past two months with the government having eased, and new worries
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India Post launches Internet banking facility for its savings account customers

In a bid to further digitise its operations, India Post, on Friday launched the Internet banking facility for its post office savings bank (POSB) customers.
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Newark-Based Fintech Startup Credibility Capital is Disrupting Small Business Lending

In 2013, the duo began discussing ways to improve the small business lending landscape. Baris explained that one of the adverse consequences of
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Goodbye to bidding wars: Some of the hottest housing markets are falling the hardest

Home sales have slowed to a crawl nationally, and it's not just the winter temperatures. The market's pulse has become weaker, especially in areas
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Hunt Wants to Increase Its Phoenix Exposure

In addition, Hunt says that its partners and Fannie Mae and Freddie Mac are bullish on the Phoenix market, and are looking for opportunities.
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Penn Hills to consider hiring real estate agent to market old municipal building

The municipality began looking for a real estate firm to sell the building it's owned since 1937 in October. Manager Scott Andrejchak said there were
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