Sitharaman seeks enhanced lending from International Finance Corporation

Sitharaman seeks enhanced lending from International Finance Corporation

New Delhi: Finance Minister Nirmala Sitharaman on Monday underlined India's expectations of getting enhanced lending from the International
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Big U.S. bank CEOs to be grilled by Congress on consumer, social issues | Reuters

The chief executives of JPMorgan , Bank of America , Citigroup , Wells Fargo and other major U.S. retail banks will be grilled this week by
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Finance Minister urges World Bank arm IFC to scale up lending to India – The Hindu

Mr. Diop, who briefed Ms. Sitharaman on IFC's current lending footprint in India, also emphasised the potential of 'looking into sub-national
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ECB Is Pushing Banks to Scrutinize Their Energy-Intensive Risks – Bloomberg.com

The European Central Bank is pushing lenders to scrutinize their exposure to energy-intensive industries as the fallout from Russia's invasion of
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ECB not consulted yet on Spanish banking tax proposal, de Guindos says | Euronews

By Jesús Aguado and Emma Pinedo. MADRID – Spain has not consulted the European Central Bank about a proposed banking tax as the plan could still
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LSU-Harvard Research Could Help Millions Gain Access to Credit

But new LSU and Harvard University research shows a lot more people could become eligible if lenders use artificial intelligence, or AI,
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Planet Home Lending expands operations in New York – Mortgage Professional

Planet Home Lending continues to expand its footprint and grow its operations team across New York. The national lender and service have announced
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US 10-Year Yield Rises to 3.5% for First Time Since 2011 – Articles – Advisor Perspectives

Bloomberg News provided this article. For more articles like this please visit bloomberg.com. Read more articles by Marcus Wong, Michael MacKenzie.
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U.S., EU, U.K. Lead Agreement To Block Russia's Access To SWIFT Banking Network

A group of Western nations agreed to block access for “selected” Russian banks to the SWIFT financial system and impose “restrictive” measures
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What Is Predatory Lending and How You Can Avoid It | Credible

Predatory lenders can trap borrowers in expensive debt cycles. Here's what you should know about what predatory lending is and how to avoid it.
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Banking groups call on CFPB to subject fintechs to same level of lending oversight as banks

The Consumer Bankers Association (CBA) and the Center for Responsible Lending (CRL) are urging the Consumer Financial Protection Bureau (CFPB) to
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This Digital Bank Could Rally Hard in the Next Bull Market | The Motley Fool

Exploding growth in membership signals good things for investors. Shares of financial technology company and digital bank SoFi Technologies (SOFI 0.50
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Business Class for $20,000 Means Staff Fly Coach or Not at All – Hospitality Net

Companies are rethinking travel because of sky-high airfares – Airlines are reliant on business-class passengers for profits. bloomberg.com external.
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Verity Debuts Family Banking App for MENA Users – PYMNTS.com

Parents will be able to top up their digital wallets from their bank accounts, setting an amount for every user in the family via scheduled monthly or
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3 Major Regional Banks to Benefit From Rising Rates, Loans – Yahoo Finance

The Zacks Major Regional Banks will benefit from the Fed's aggressive interest rate hikes and rise in loan demand.
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Goldman Sachs' Marcus retail banking arm under Fed scanner

The US Fed is reviewing the operations of Marcus, Goldman Sachs' online consumer banking unit launched in 2016, reported Bloomberg.
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Govt asks Google to help curb illegal lending apps – Moneycontrol

Indian regulators have already asked lenders to step up checks against illegal lending apps, which became popular during the pandemic. Regulators seek
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Google Faces Pressure In India To Help Curb Illegal Lending Apps: Sources – CNBCTV18

… the central bank to introduce more stringent checks to help curb the use of illegal digital lending applications in India, according to sources.
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Bank of America's race-based lending program will hurt the people

The causes crucially included federal “affordable-housing goals” for low-income neighborhoods that encouraged lenders to extend credit to those
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Employers Risk Liability if Customers Discriminate in Workplaces – Bloomberg Law

… behavior in a workplace, but the US Equal Employment Opportunity Commission takes a dim view of laissez-faire attitudes and will sue.
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