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CHARLOTTE, North Carolina–(BUSINESS WIRE)–US Bancorp today announced the launch of its new asset-backed securitization lending business, offering non-recourse commitments secured by commercial and consumer receivables. With this new capability, US Bancorp leverages its direct business lending experience to offer its customers an additional credit product. Bo Weatherly joined US Bancorp in 2016 and will serve …

KeyCorp (NYSE: KEY) strengthens its presence in online lending with the acquisition of the digital business of a New York City company that operates a fast-growing student loan refinancing platform. KeyBank’s parent company announced Thursday, January 17, that it has agreed to purchase Laurel Road Bank’s digital lending operations. The three physical bank branches on …

CLEVELAND, January 16, 2019 / PRNewswire / – KeyBank National Association today announced that KeyBank and Laurel Road Bank have entered into a definitive agreement to acquire Key’s digital lending business from Laurel Road; The three Laurel Road bank branches located in the south-east Connecticut are not part of this transaction. With this acquisition, Key …

Metropolitan Bank & Trust Co. (Metrobank) said on Thursday its lending business is tied to the economy and expects to maintain the same level of growth last year compared to its core lending business in 2019. Banking on the country’s economic performance, Metrobank chairman Fabian Dee said loan growth from the Ty-led lender was “tied …

Primed instant online lending platform Phocket is offering short-term loans of up to Rs 1 lakh to salaried professionals at a fixed interest rate of 2.5% per month. Personal loans have become crucial for employees, who often go out of budget at the end of the month for multiple reasons. While getting a bank loan …

New Delhi: If you want quick cash for a dream vacation, to upgrade your old laptop or pay off your long-standing credit card bill, you might want to consider a short-term loan. These are personal loans whose duration is generally less than one year. Interest rates, however, are higher because the duration of payments is …