Swedbank AB, a Nordic-Baltic banking group based in Stockholm, Sweden, has issued a press release to announce the acquisition of PayEx, a fullservice payment provider in the Nordic region. ... Read More
The European Central Bank (ECB) has issued a press release to make publish the results of the April 2017 euro area bank lending survey. Increasing demand and eased lending ... Read More
Fintech startup Revolut has partnered with a peer-to-peer lender to offer loans to users, its newest product in addition to a current account and money transfers. With Lending Works, ... Read More
In a bid to respond to competition from FinTech firms U.K.-based NatWest Bank has announced that it is launching a digital lending platform that promises fast loan decisions to ... Read More
Following an independent review of payday lending laws, ASIC has taken steps to ensure consumers are not charged direct debit fees when taking out a small amount loan. This ... Read More
Loans to households increased in the second quarter of 2016 at a higher rate of 1.7% (after 1.5% in the first quarter). Household financial investment accelerated as well (2.3% ... Read More
European regulators gave most banks a clean bill of health in “stress tests” despite the Continent’s sluggish growth and low interest rates, saying only a clutch of lenders would struggle ... Read More
The bank made a net profit of Dhs 1.91bn in the three months to June 30 Dubai’s largest lender, Emirates NBD (ENBD), reported a 16 per cent rise in ... Read More
The Securities and Exchange Commission today announced that a California-based mortgage company and six senior executives agreed to pay $12.7 million to settle charges that they orchestrated a scheme ... Read More
Deloitte just trashed the hype around the online lending industry. The accountancy and consultancy practice has done a deep dive on the online lending industry and its conclusions should ... Read More
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