Bank loan

MicroStrategy’s Michael Saylor says “Bank Loan > Bitcoin Bonds” for now

Key ideas: Michael Saylor thinks the market is not ready for Bitcoin-backed bonds. The comment was in context with El Salvador offering $1 billion in Bitcoin bonds. MicroStrategy recently took out a $205 million loan against $850 million of its Bitcoin holdings. El Salvador led the digital asset-based finance revolution last year after making Bitcoin […]

Bank loan

Bank Negara Sees Defaults on Bank Loans Reach 4% by End of 2024 on Jobs Shocks | Malaysia

Ringgit notes are seen in this photo taken in Kuala Lumpur on August 4, 2019. – Image by Ahmad Zamzahuri KUALA LUMPUR, March 30 – Bank Negara Malaysia (BNM) has expressed concerns about the financial resilience of certain segments of borrowing households who are highly indebted and have a lower financial buffer, a situation that […]

Bank loan

DRT Chandigarh Available for J&K Bank Loan Cases: GoI to HC – Jammu and Kashmir Latest News | Tourism

Excelsior CorrespondentSRINAGAR, 28th March: The High Court has today been informed that the Debt Recovery Tribunal (DRT) dealing with the Bank Loan case is available for the J&K in Chandigarh so defaulting debtors are free to apply to that court.The divisional bench of Judge Ali Mohammad Magrey and Judge Mohan Lal has closed a batch […]

Bank loan

Sureties will lose property after failing to pay $3m bank loan – DailyNews

Dionne Kanyowa [email protected] Sureties for a local firm, Select Healthcare, are at risk of losing their property after failing to repay a $3.6 million NMB bank loan after agreeing to a settlement plan. Judge Samuel Deme ordered Tafadzwa P and Biggie Magarira to repay the loan and also ordered that their Pomona-based property be seized […]

Bank loan

ICRA rates bank loan facilities worth Rs473 crore from developers Kolte Patil at ICRA A+

Prevent unauthorized transactions in your demat/trading account Update your mobile number/email id with your stockbroker/depository participant. Receive transaction information directly from Exchanges to your mobile/email at the end of the day and alerts to your registered mobile for all debits and other major transactions on your demat account directly from NSDL/CDSL on the same […]

Bank insurance

LPL Financial recognized for its technological innovation by the Bank Insurance & Securities Association

LPL Financial Holdings, Inc. CHARLOTTE, NC, March 22, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq: LPLA) announced today that the company has received a 2022 Technology Innovation Award from the Bank Insurance & Securities Association (BISA ) for its exclusive solution, Meeting Director. “The best innovation happens when we listen to our customers and […]

Bank insurance

LPL Financial recognized for its technological innovation by the Bank Insurance & Securities Association | Your money

CHARLOTTE, NC, March 22, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq: LPLA) announced today that the company has received a 2022 Technology Innovation Award from the Bank Insurance & Securities Association (BISA ) for its exclusive solution, Meeting Director. “The best innovation happens when we listen to our customers and create solutions to overcome […]

Bank loan

KCB transforms a 3 billion shilling loan from the National Bank into equity

Companies KCB transforms a 3 billion shilling loan from the National Bank into equity Tuesday, March 22, 2022 Kenya Commercial Bank branch in Nairobi. FILE PHOTO | NMG By CHARLES MWANIKIMore from this author Summary The conversion brings the total equity funding that KCB has invested in NBK to 8.45 billion shillings, having invested 5 […]

Bank security

Turkish brothers exploit bank security loophole to make billions

Two brothers in their twenties were briefly detained by police this week after they allegedly transferred TL 16 billion ($1.08 billion) to each other due to a flaw in a bank’s mobile banking app private. The brothers, identified as RG and EG, were detained but released on bail and their bank accounts frozen. The suspects […]

Bank loan

Man sentenced to eight years in prison for fraudulent bank loan

The Limpopo Specialized Commercial Crimes Court has sentenced a fraudster to eight years in prison for using false documents to secure a R451,000 car loan. The Hawks said Dumisane Jan Mbokodo, 32, applied for a vehicle finance loan online from First National Bank (FNB) through a Toyota dealership in Polokwane, Limpopo. The request was processed, […]

Bank loan

J&K Bank loan case: President Mushtaq Ahmad Shaikh, 18 others arrested

The CBI has booked former J&K Bank chairman Mushtaq Ahmad Shaikh and 18 others for a loss of Rs 800 crore to the bank caused by loans due to REI Agro, which were issued in breach of guidelines, without tangible security and on fake documents, officials said. Besides bank officials, the Central Bureau of […]

Bank loan

Bank loan scam: 7 people’s bail applications rejected : The Tribune India

Legal Correspondent Shimla, March 17 The HP High Court today rejected the bail applications of seven people who were allegedly involved in the Kangra Central Cooperative Bank (KCCB) loan scam. They are said to be involved in a deal of Rs 19.50 crore disbursed as a loan by KCCB to a bogus company, UR Sinter […]

Bank loan

Kenya secures 85 billion shillings loan from World Bank as cost of external debt doubles

Economy Kenya secures 85 billion shillings loan from World Bank as cost of external debt doubles Friday, March 18, 2022 President Uhuru Kenyatta with World Bank Country Director for Kenya, Keith Hansen. PICTURES | PSCU By OTIATO GUGUYUMore from this author Summary The loan is the second tranche granted to the country after the World […]

Bank loan

Investors are slowing their push into bank loan funds

A frantic race for bank loan funds is running out of steam. Investors poured tens of billions of dollars into the funds over the past year, betting that floating-rate debt would help them weather the next wave of interest rate hikes by the US Federal Reserve. Now fears that Russia’s invasion of Ukraine and rising […]

Bank loan

Maha government not allowing CBI to investigate Rs 13k-cr bank loan fraud: Shelar

On Wednesday, BJP MP Ashish Shelar alleged in the Maharashtra Legislative Assembly that various companies had duped nationalized state banks out of Rs 13,043 crore, but the Maha Vikas Aghadi coalition government did not has not authorized the CBI to investigate these matters. After these banks approached the central agency, the agency […]

Bank loan

World Bank loan of $750 million to SA: Madiba’s red line is crossed again

The increasingly warm relationship between South Africa and the Bretton Woods institutions (World Bank and IMF) is probably pushing Nelson Mandela to turn in his grave. The World Bank’s $750 million Development Policy Loan (DPL) to Pretoria in late January signals the red line Madiba took after becoming South Africa’s first democratically elected president in […]

Bank loan

Bangladesh signs $120 million loan agreement with World Bank

The government has signed a $120 million loan agreement with the World Bank Group’s International Development Association (IDA) to implement a “Climate Smart Agriculture and Water Management” project. The Scale-Up Window (SUW) loan, signed on March 15, will be jointly implemented by the Bangladesh Water Development Board (BWDB), the Directorate of Agricultural Extension (DAE) and […]

Bank loan

Mumbai Police Files Fourth FIR Against Talwalkars For Bank Loan Fraud | Bombay News

The Economic Crimes Wing (EOW) of the Mumbai Police has filed a fourth First Information Report (FIR) against Talwalkars – India’s largest chain of gyms and health clubs – for allegedly committing fraud involving the Syrian Catholic Bank up to ₹28.40 crore. The Talwalkars were accused of fraudulently obtaining a loan from the bank and […]

Bank loan

Farmer’s death in Villupuram over bank loan abuse sparks tension – Reuters

By Express press service VILLUPURAM: Furor erupted among farmers in the district on Thursday after a 22-year-old farmer from Devanur village allegedly committed suicide following the humiliation of a private bank staff member for not repaying the loan of tractor due that the deceased man’s brother had contracted. The farmers’ association had demanded Rs 1 […]

Bank loan

Fourth FIR against Talwalkars for bank fraud | Bombay News

Mumbai: The Mumbai Economic Crimes (EOW) Wing of the Mumbai Police has filed a fourth First Information Report (FIR) against Talwalkars – India’s largest chain of gyms and health clubs – for allegedly defrauding the Syrian Catholic Bank of ₹28.40 crore. The Talwalkars are accused of fraudulently obtaining a loan from the bank and using […]

Bank loan

VEON Completes VTB Bank Loan Repayment

AMSTERDAM, March 11, 2022 /PRNewswire/ — VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and Internet services, today announced that its subsidiary has prepaid its 30 billion rubles (approximately $259 million1) interest-bearing loan from VTB Bank (PJSC) (“VTB”) in accordance with its terms, and the facility was cancelled. Reimbursement and […]

Bank loan

Trump an outcast? A large bank loan suggests not

A pedestrian walks past security barricades in front of Trump Tower in New York City. Donald Trump’s company secured a loan for his Trump Tower in New York despite banks cutting ties with it a year ago, the latest of several financial wins for the ex-president suggesting he could counter a trade backlash following the […]

Bank loan

FIF – CA WiB Program

Project description The granting of a senior loan of up to $1.0 million to Arvand Bank under the Financial Intermediary Framework-Central Asian Women in Business (FIF – CA WiB) program for on-lending to micro, small and medium-sized women-led enterprises (MSMEs). the project’s objectives The […]

Bank loan

New $100M bank loan suggests Trump Organization may survive fraud probe and backlash – NBC New York

A bank’s decision to loan Donald Trump’s company $100 million is the latest evidence the former president may survive fraud investigations and a corporate backlash over his efforts to stay in business. power after losing the 2020 elections. San Diego-based Axos Bank finalized the loan with the Trump Organization on Feb. 17, according to documents […]

Bank loan

Trump an outcast? New $100m bank loan suggests not

NEW YORK (AP) — A bank’s decision to loan Donald Trump’s company $100 million is the latest evidence the former president may survive fraud investigations and a business backlash over to his efforts to stay in power after losing the 2020 elections. San Diego-based Axos Bank finalized the loan with the Trump Organization on Feb. […]

Bank insurance

Eastern Bank’s insurance division completes its 35th acquisition

Eastern Bank’s insurance division made its first acquisition this year and its 35th acquisition in the past 20 years. Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, has acquired the operating assets of Watertown-based Michals Insurance Agency Inc, the bank said in a statement Monday. The transaction took effect on March 1. […]

Bank loan

MKB bank loan linked to Lőrinc Mészáros financed Marine le Pen’s campaign

In our article published on March 9, 2022, we erroneously stated that Mr. László Szíjj was still a co-owner of MKB Bank when it provided loans for Marine Le Pen’s election campaign. The reality, however, is that as of September 30, 2021, Mr. László Szíjj does not own in any way or extent the financial […]

Bank loan

Trump an outcast? new $100 million bank loan suggests not | California News

By BERNARD CONDON, Associated Press NEW YORK (AP) — A bank’s decision to loan Donald Trump’s company $100 million is the latest evidence the former president may survive fraud investigations and a business backlash over to his efforts to stay in power after losing the 2020 elections. San Diego-based Axos Bank finalized the loan with […]

Bank loan

The company can raise a bank loan to complete an office complex

The Kochi Corporation can apply for a bank loan to complete the construction of its new office complex. It is estimated that the building, which stands near Marine Drive, could cost around ₹60 crore for completion. The civic body has already disbursed around ₹19 crore for the project, which was started in 2005. The estimate […]

Bank loan

Guggenheim first quarter 2022 high yield and bank loan

NEW YORK, March 04, 2022 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today released its outlook for high yield and bank lending for the first quarter 2022. Titled “Credit Yields in the Next Fed Hike Cycle,” the report explores the outlook for credit as the Federal […]

Bank loan

Guggenheim First Quarter 2022 High Yield and Bank Lending Outlook: Credit Returns in the Coming… | Business

NEW YORK, March 04, 2022 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today released its outlook for high yield and bank lending for the first quarter 2022. Titled “Credit Yields in the Next Fed Hike Cycle,” the report explores the outlook for credit as the Federal […]

Bank loan

Guggenheim First Quarter 2022 High Yield and Bank Lending Outlook: Credit Returns in the Coming… | News

NEW YORK, March 04, 2022 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today released its outlook for high yield and bank lending for the first quarter 2022. Titled “Credit Yields in the Next Fed Hike Cycle,” the report explores the outlook for credit as the Federal […]

Bank loan

EUR 26.5 million loan from the World Bank for public sector modernization projects in Armenia

The Board of Directors of the World Bank today approved a loan of EUR 26.5 million for the fourth Public Sector Modernization Project (PSMP IV) for Armenia. The project is the fourth in a series of public sector modernization projects in Armenia and will help the government improve efficiency and access to selected government services […]

Bank loan

Development Bank Loan Helps Paramedics Start New Business | Offers Wales

left: Andrea and Gethin Bateman, Clare Sullivan The Development Bank of Wales has supported two qualified paramedics, Andrea and Gethin Bateman, in a new business venture in the hospitality sector. After working as frontline paramedics for the Welsh Ambulance Service NHS Trust, Andrea Bateman is now a Clinical Advisor for the NHS Wales 111 Service […]