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Why this crypto lender is “safer for customers” than other banks
Antoni Trenchev, co-founder and managing partner of Nexo, joins Yahoo Finance Live to explain how the company is transforming the crypto lending space and potential crypto regulation in the second half of 2021. Video transcript [MUSIC PLAYING] – Welcome to Yahoo Finance Live. As we watched, we saw the growth of people in crypto turning …
Cloud Equity Group announces the launch of Specialty Lending Company II
Cloud equity group Cloud Equity Group Specialty Lending Company II to Provide Debt Financing to Technology Company Service Providers We are grateful for the strong and continued support of our existing investment partners and are happy to welcome new partners into our various investment vehicles ” – Sean Frank NEW YORK, NEW YORK, UNITED STATES, …
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New Northwest Side project small step towards closing sidewalk space in San Antonio
SAN ANTONIO – Help is coming soon for residents of a Northwest Side neighborhood who were looking for a safer way to get around. The city is creating a new shared-use trail on Braun Road. It is a path for cyclists, walkers and joggers. The new path will run from Bandera Road to Tezel Road. …
Natwest sells Irish commercial lending business to AIB
LONDON (Reuters) – The Natwest Group announced on Monday that it had agreed to sell most of its Irish commercial lending business to its regional counterpart Allied Irish Banks, as part of the planned exit of the UK lender from Ireland. The deal will see AIB repossess approximately € 4.2 billion ($ 5.01 billion) in …
White Oak ends CBILS program with nearly £ 400million in loans
Independent commercial lender White Oak has announced that it has successfully provided £ 396.6million under the Coronavirus Business Interruption Loan (CBILS) program to support UK SMEs during the pandemic. Demand for CBILS was strong until the 31stst Application deadline in March, White Oak paying £ 80million into CBILS in April and May. Record demand for …
In Hulu’s ‘false positive’, Ilana Glazer looks at the dark side of the pregnancy industrial complex
When we meet Ilana Glazer in the opening minutes of Hulu’s False positive, released today on the streaming network, the actor-comedian-writer-director is unrecognizable. For starters, her iconic fuzzy curls are styled straight, which is shocking to fans of her sarcastic hipster alter ego in the beloved Comedy Central series. Wide city. She is also covered …
Private school financier raises 205 million shillings for new loans
Market news Private school financier raises 205 million shillings for new loans Friday, June 18, 2021 Ed Partners Africa has raised 205 million shillings ($ 1.9 million) to provide credit facilities to affordable and underserved private schools. PHOTO FILE | NMG Nairobi-based private school financier Ed Partners Africa has raised 205 million shillings ($ 1.9 …
Volkswagen Finance Withdraws From Lending Activity In India; In preliminary talks with the bankers
As the Indian branch of Volkswagen Financial Services seeks to end its lending business in the country, it is in talks with leading banks to transfer its existing dealer and vehicle finance business. Volkswagen Finance Private Limited (VFPL) is at an advanced stage of talks with banks including Axis Bank, Kotak Mahindra Prime and ICICI …
Crypto-backed lending company YouHodler adds support for new assets
Last updated on June 16, 2021 at 2:53 PM YouHodler, one of the leading cryptocurrency-backed lending companies, has added support for some new assets. The new cryptocurrencies are DOGE, SUSHI, OMG, YFI, BUSD, SNX, ZRX and BNT. In the future, they can be used as collateral for ready on the platform and can also stand …
Zebpay introduces India-made Matic token on its lending platform
Cryptocurrency exchange Zebpay announced Thursday that it has introduced the Matic token on its lending platform, where investors earn fixed deposit-like returns on their crypto holdings. The service was launched last month where investors lend their coins to the exchange, on which they can earn returns, depending on the token and the period for which …
CFPB Announces Proposed Settlement of Lawsuit Alleging Short-Term Loan Provider Violated UDAAP Ban on CFPA Under Deposit Account Program | Ballard Spahr srl
CFPB announced last week that he entered into a proposed settlement with Driver Loan, LLC (“Driver Loan”) and its managing director to settle the lawsuit he brought in November 2020 against Driver Loan and its CEO alleging that the defendants engaged in deceptive acts and practices in violation of the UDAAP’s Dodd-Frank Act prohibition on …
Indian SME invests INR 60Cr in KreditBee lending platform
The current round is a follow-on investment tranche from the Indian SME after investing INR 28.4 crore in the form of debt in Kredtbee’s parent company. KreditBee plans to use this funding to expand its loan portfolio by introducing financial services such as Buy-Now-Pay-Later and insurance. KreditBee previously raised $ 145 million in its Series …