Lending Agreement

EbixCash signs a strategic partnership agreement with Al

NOIDA, India and JOHNS CREEK, Georgia, Oct. 03, 2022 (GLOBE NEWSWIRE) — EbixCash Limited, a technology provider of B2C, B2B and fintech digital products and services, today announced that its foreign exchange – EbixCash World Money, has signed a strategic partnership agreement with Al Fardan Exchange LLC, UAE for the import and export of foreign currency banknotes. The agreement was ...

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Battery maker WA faces charges of supplying US technology to China

“There was no plan” On April 7, 2021, Western Technologies sent a notice of intent to sell UniEnergy’s warranty through a private sale. The company had not repaid its loan for almost a year. The guarantee included substantially all of UniEnergy’s remaining assets, including its technology license. On April 22, UniEnergy left its headquarters in Mukilteo, leaving behind a mess ...

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Money Mutual starts again

GLENDALE, Calif., Sept. 22, 2022 (GLOBE NEWSWIRE) — No credit check loans are a simple solution if you need a large sum of money for medical bills, student loans, car repairs or holidays. However, a bad credit history can make it difficult to obtain most traditional loans. Businesses generally consider a favorable credit score as a primary factor when determining ...

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Pagaya stock continues volatile run with 60% drop amid lockout expiry

By Emilie Bary AI lending company could be a ‘long-term winner’ but faces short-term risks, analyst says Shares of Israeli fintech company Pagaya Technologies Ltd. continued their frantic run on Tuesday, falling 60% at noon in a move believed to be linked to the expiration of a lockdown. Pagaya (PGY), which uses artificial intelligence to model lending risk, went public ...

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FSCL urges lenders to take note

A loan company has been ticked off and ordered to pay $500 in a case that asked if a woman had been helped enough to fully understand the contract she was signing. Monday, September 19, 2022, 8:35 a.m. by Eric Frykberg Financial Services Complaints (FSCL), concluded that the matter fell under a section of the Consumer Credit Agreements and Finance ...

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Best personal lenders for a 550 credit score

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. It’s harder to qualify for a personal loan with a 550 credit ...

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India’s SpiceJet set to receive $28m state loan – report

SpiceJet (SG, Delhi Int’l) could receive a lifeline of around INR 2.25 billion rupees (USD 28.2 million) this week in the form of a loan under India’s guarantee scheme. Emergency Line of Credit (ECLGS), which the government launched in 2020 to support businesses affected by the pandemic. Unnamed sources from the struggling carrier told The Economic Times newspaper that the ...

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A strong dollar worsens the debt cycles of poor countries

The stark warning from Federal Reserve Chairman Jerome Powell of Jackson Hole, Wyo., that the bank will continue to raise interest rates until “the job is done” strengthened the high value of the dollar for decadesworsening the vicious and unsustainable debt cycle of developing and emerging countries. As the dollar appreciated, these economies found it increasingly difficult to repay their ...

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The manufacturer reaches a refinancing agreement with its creditors

Wakefield-based Carclo, which makes tolerance injection molded plastic parts and aerospace components, has reached a revised and extended financing agreement with its main secured creditors – HSBC and the pension plan. This arrangement provides access to ongoing banking facilities as well as visibility on repayment schedules through June 2025. New facilities were concluded with HSBC, the Group’s lending bank, comprising ...

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Chinese fintechs lead the week’s financial gainers, US lending fintechs slip (NASDAQ:FUTU)

allanswart Among this week’s biggest gainers in financial stocks, three are China-based fintechs that have been helped by a preliminary deal that gives US authorities access to audit those companies. Of the five financial stocks that fell the most this week, three are tech-based mortgage or loan companies, which may lose business as interest rates rise. Future Holdings (NASDAQ: FUTU), ...

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Research: Rating Action: Moody’s assigns A1 to Ser. 2022C; stable outlook

No related data. © 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved. THE CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES CONSTITUTE THEIR CURRENT OPINIONS ON THE RELATIVE FUTURE CREDIT RISK OF THE ENTITIES, CREDIT COMMITMENTS OR INDEBTEDNESS OR SECURITIES ASSOCIATED WITH INDEBTEDNESS, AND THE MATERIALS, PRODUCTS, ...

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Form 424B2 Sachem Capital Corp.

• $51,875,000 in aggregate initial principal amount, issued on March 9, 2022, bearing interest at the rate of 6.00% per annum and maturing on March 30, 2027 (the “March 2027 Notes”) and which trade on the NYSE American under the symbol SCCE; ​ • $51,750,000 in aggregate initial principal amount, issued on December 20, 2021, bearing interest at the rate ...

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Democrats pivot on race-based loan relief as white farmers sue

Congress quietly replaced a farm loan assistance program for racial minorities that was threatened by legal challenges from white farmers. The new provision no longer mentions race. Instead, it offers loan relief to struggling borrowers and additional help to farmers, ranchers and foresters who have faced discrimination. Change comes later white farmers claimed that the program, established by the 2021 ...

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AfDB partners with global insurers to mobilize $1 billion in FI lending capacity

The Asian Development Bank (AfDB) has signed an agreement with five major global insurers that will mobilize up to $1 billion in co-financing capacity to support lending to financial institutions (FIs) in Asia and the Pacific. The Master Framework Program for Financial Institutions will enable the AfDB to increase its lending to commercial banks and non-bank financial institutions in the ...

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RECRUITER.COM GROUP, INC. : Entering a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Supporting Documentation (Form 8-K)

Section 1.01 Entering into a Material Definitive Agreement. On August 17, 2022, Recruiter.com Group, Inc. (the “Company”) has entered into a securities purchase agreement (the “Purchase Agreement”) with three qualified investors (the “Purchasers”). Pursuant to the purchase agreement, the Company sold to the buyers a total of (i) $1,111,111 in the aggregate principal amount of the 10.0% Initial Issuance Discount ...

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Bank borrowing from CBN increases, reaching N1.5 billion in August

The borrowings of Nigerian banks from the Central Bank of NigeriaThe CBN’s discount window, known as the Standing Lending Facility (SLF), is increasing following a shortage of liquidity in the financial market. Standing facilities (deposits and loans) are liquidity management instruments, according to the CBN. They serve as a means to invest excess funds overnight and recover whenever the system ...

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Digital Assets as Collateral: Why Ashurst’s ISLA Legal Advice is Timely – Ledger Insights

Yesterday, the International Securities Lending Association (ISLA) announced that he was appointing Ashurst to perform a preliminary legal analysis of its Global Master Securities Lending Agreement (GMSLA) in the context of digital assets. Recent events, including the Celsius bankruptcy, have highlighted several legal gray areas regarding title to digital assets, particularly when pledged as collateral. Ashurst’s work will explore transfer ...

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The Horniman will return Nigerian art, including some Beninese bronzes: NPR

The Horniman Museum’s collection of artifacts from the ancient Kingdom of Benin includes 12 brass plaques, ceremonial objects and a key “from the king’s palace”. Horniman Museums and Gardens hide caption toggle caption Horniman Museums and Gardens The Horniman Museum’s collection of artifacts from the ancient Kingdom of Benin includes 12 brass plaques, ceremonial objects and a key “from the ...

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SDNY Backs RICO Claims Against Revenue-Based Finance Companies | Hudson Cook, LLP

In the past two months, the U.S. District Court for the Southern District of New York has issued three adverse rulings against revenue-based financing providers. In each case, the court upheld federal claims under the federal Racketeer Influenced and Corrupt Organizations (“RICO”) Act against the finance companies or their officers. Each decision provides guidance on how to mitigate risk by ...

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Tesla’s battery deals highlight Chinese dominance

Tesla has signed new contracts with two of its current Chinese battery materials suppliers, Bloomberg reported on Sunday, highlighting how U.S. electric vehicle makers depend on China for critical minerals and materials. Zhejiang Huayou Cobalt Co. and CNGR Advanced Material Co. have renewed tariff agreements to provide Tesla with supplies of ternary precursors, chemical concoctions essential to lithium-ion batteries to ...

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Spenda (ASX:SPX) Secures $50M Credit Facility As Cash Inflows Rise – The Market Herald

Subscribe Be the first with news that moves the market IT services and lending company Spenda (SPX) reports $693,000 in cash inflows for the June quarter, marking a 10% increase from the prior quarter Brings FY22 cash revenue to $2.3 million, representing 107% year-over-year growth The company’s loan portfolio remained stable with a balance of $12.1 million as of June ...

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PRESS RELEASE: Consumer Protection Bureau Joins Multi-State Settlement Recovering $34.2 Million for US Military Scammed by Harris Jewelry

MINISTRY OF TRADE AND CONSUMPTIONBUREAU OF CONSUMER PROTECTION DAVID Y.IGEGOVERNOR CATHERINE P. AWAKUNI COLÓNDIRECTOR STEPHEN H. LEVINSEXECUTIVE DIRECTOR, BUREAU OF CONSUMER PROTECTION FOR IMMEDIATE RELEASEJuly 20, 2022 Office of Consumer Protection joins multi-state deal recovering $34.2 million for US military defrauded by Harris JewelryHarris Jewelry must provide refunds, stop collecting debts and fix bad credit scores for more than 46,000 ...

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CT consumers will get a refund from the payday loan collection agency

CONNECTICUT — The state’s banking department has reached a settlement with a consumer collection agency trying to collect payday loans that can’t be enforced in Connecticut. Connecticut-licensed consumer collection agencies cannot collect on small loans (less than $15,000) from unlicensed non-exempt lenders, including those affiliated with tribes. Small loans made to Connecticut consumers by licensed or exempt lenders that charge ...

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MD Harsha Bangar – The New Indian Express

By PTI NEW DELHI: The Export-Import Bank of India (Exim Bank) plans to raise $3.8 billion through raking in foreign currency funds in the current fiscal year under its global medium note program term (GMTN), said a senior official. As a political bank, wholly owned by the union government, the bank also has a budgeted allocation of Rs 1,500 crore ...

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China leaves lending rates unchanged

China’s central bank kept its key rates unchanged, as widely expected, on Wednesday despite the tightening stance adopted by its global peers. The People’s Bank of China kept the five-year loan prime rate, or LPR, the benchmark for mortgage rates, unchanged at 4.45%. The rate was cut a record 15 basis points in May and five basis points in January. ...

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Blue Owl Capital Inc. Announces Redemption of Public Warrants

NEW YORK, July 18, 2022 /PRNewswire/ — Blue Owl Capital Inc. (NYSE: OWL) (“Blue Owl” or the “Company”) today announced that the Company will redeem all outstanding redeemable warrants (the “Public Warrants ”) to purchase shares of the Class A common shares of the Company, par value $0.0001 per share (the “Class A Shares”), pursuant to the Amended and Restated ...

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2 growth stocks down more than 80% that could turn around in the second half of 2022

Let’s be clear on one thing: any stock that loses 80% of its value from its all-time high has inherent risks. But that doesn’t mean the company can’t invest, especially given the scale of the sell-off in the tech sector in 2022. In many cases, investor sentiment has turned so negative that losses in some stocks individual might be exaggerated. ...

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STEP Energy Amends and Extends Credit Facility

CALGARY, Alta., July 12. 2022 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (TSX: STEP) (“STEP” or the “Company”) is pleased to provide an update on its credit agreement. STEP has reached an agreement with a syndicate of Canadian banks amending and extending its credit agreement. The principal terms of STEP’s Third Amended and Restated Credit Agreement (the “Credit Agreement”) include: ...

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M&G acquires major stake in Finance Ireland | New

M&G has acquired a 41% stake in non-bank lender Finance Ireland for 50 million euros. The investment in Ireland’s largest non-bank lender was made on behalf of the £143bn Prudential With Profits fund and external client funds managed by M&G Investments. Finance Ireland offers a hugely diverse range of lending products including residential mortgages, commercial property, car finance, leasing, SME ...

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Broker commission decoupling could happen

Agent commissions of the future could be vastly different than they are today as a Justice Department investigation into the issue of decoupling buyer and broker commissions continues, class action lawsuits progress and that associations and MLS adjust their policies. Those who examine commission coupling argue that it stifles competition in the market and violates antitrust law, while those who ...

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China lends money for ‘unprofitable’ train project in Iran

China is lending Iran around $2.3 billion for a fast train project between Qom and Isfahan at a substantial interest rate, Tehran’s Shargh daily reported. In an article by economics writer Maryam Shokrani on Saturday [July 2], Shargh reported that China has already opened a letter of credit for the project and will complete payment of the 15 billion yuan ...

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CLIFFSIDE CAPITAL LTD. DECLARES A QUARTERLY DIVIDEND AND ANNOUNCES THE BUYBACK OF CERTAIN SHARES OF THE SPECIAL LIMITED PARTNERSHIP

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR BROADCASTING IN THE UNITED STATES/ TORONTO, June 30, 2022 /CNW/ – Cliffside Capital Ltd. (“Cliff” or the “Company“) (TSXV: CEP) today announced that its Board of Directors has declared a quarterly cash dividend of $0.0025 per ordinary share ( “Ordinary share” ) of the Company to pay the August 2, 2022 ...

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Bay Area Coalition Asks Governor For Housing Fund For Black Residents – NBC Bay Area

A coalition of Bay Area elected officials, racial justice activists and housing advocates are calling on Governor Gavin Newsom to prioritize housing for Black Bay Area residents by investing in a targeted fund. Representatives of the Bay Area Black Housing Advisory Task Force urged the governor in a virtual press conference Monday to set aside $500 million for a new ...

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Crypto Exchange FTX Acquires Stake in Lending Firm BlockFi: Report

The top crypto move is said to be acquiring a stake in beleaguered crypto lending firm BlockFi as the crypto industry faces a slump. According to The Wall Street Journal, FTX is currently in talks with BlockFi regarding stake in the company. The acquisition talks came as BlockFi secured a $250 million line of credit from ...

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DBG funds will not be used to buy government securities – assures deputy director general

The newly launched wholesale bank, Development Bank Ghana, has assured that it will implement effective measures to ensure that its funds are used to support key sectors of the economy. The country’s universal banks, for some time now, have been accused of using part of their funds to invest in less risky government securities instead of giving those funds as ...

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Pelorus Equity Group Closes $11.8 Million Debt Financing, Allowing Juva Life to Expand Cannabis Business and Continue Clinical Research

Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. NEWPORT BEACH, Calif., June 21, 2022 (GLOBE NEWSWIRE) — Pelorus Equity Group (“Pelorus”), the leading provider of commercial real estate loans to the cannabis industry, announced the closing of an $11.8 million financing with Juva Life Inc. (“Juva Life”, “Juva” or the “Company”), a life sciences company ...

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Global Tech Industries Group, Inc. Warns Shareholders About Recent Social Media Misinformation

Global Technology Industries Group, Inc. New York, NY, June 17, 2022 (GLOBE NEWSWIRE) — While Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, maintains its position that there is a serious, unresolved and ongoing shorting issue related to its common stock, recent posts on various social media platforms have suggested that the issue ...

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Augusta Center plans to move downtown | News, Sports, Jobs

ELKINS – The Augusta Heritage Center purchases the downtown Wilt Building with the aim of providing arts programming to the community, as well as providing train tours for tourists “a reason to stay another night at Elkins,” said an official. Seth Young, executive director of the Augusta Heritage Center, gave the Elkins City Council a history of his ...

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MT Finance secures investment ahead of launch of BTL loans

Specialized property finance lender MT Finance has announced that it has entered into a forward flow agreement with JP Morgan to support the launch of its buy-to-let mortgage offering. JP Morgan’s investment in future buy-to-let mortgage originations marks another significant milestone for the company and significantly enhances its existing lending platform through diversification into the term loan market. MT was ...

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PH pushes AfDB-supervised information exchange on climate action within ASEAN

FILE PHOTO: Smoke rises from a chimney at a coking plant in Hefei, Anhui province October 2, 2010. REUTERS/Stringer/File Photo MANILA, Philippines – The Philippines is pushing for a regional information exchange on climate action, which is expected to be overseen by the Manila-based Asian Development Bank (ADB). In a statement on Sunday, the Department of Finance (DOF) said Finance ...

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Rocket Mortgage cuts ties with paid ambassador Bryson DeChambeau

Detroit – Rocket Mortgage has ended its business relationship with top golfer Bryson DeChambeau, effective immediately, following the 2020 US Open winner’s decision to leave the PGA Tour for the new and controversial LIV Tour. Rocket Mortgage made the announcement Thursday afternoon, a day after DeChambeau defected from the Saudi-funded tour. DeChambeau had been pitchman for Rocket Mortgage since April ...

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Sri Lankan PM asks for patience as UN asks for relief funds

Placeholder while loading article actions COLOMBO, Sri Lanka – Sri Lanka’s prime minister said on Tuesday the United Nations had organized a global appeal to help the island nation tackle critical shortages of food, fuel and medicine, but the funds provided are barely scratching the surface. the surface of the 6 billion dollars it needs. stay afloat for the next ...

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Ask Amy: Young Woman Uncomfortable With In-Laws’ Domestic Help When They Come From Out Of Town

Dear Amy: My in-laws are in town. They live in our apartment. Luckily my husband and I can stay with my parents while my parents are away, as our apartment is too small for four adults and three pets. My mother-in-law cleans and does our laundry at our house while we are at work. That’s fine, but my husband isn’t ...

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Fitch confirms that Santander Consumer Bank AG is “A-”; Stable outlook

Fitch Ratings confirmed Santander Consumer Bank SA (SCB S.A.) Long Term Issuer Default Rating (IDR) at ‘A-‘ with a Stable Outlook and Viability Rating (VR) at ‘a-‘. A full list of rating actions can be found at the end of this rating action commentary. Fitch removed the bank’s support rating following an update to its bank rating criteria on November ...

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Thanks, Mike – May 2022 | Issue 177 – Loan Market Update | Cadwalader, Wickersham & Taft LLP

Lots of news in the loan market. SOFR remains a priority, we have new forms from the LSTA, and what was seen as an “existential threat” to the syndicated loan market has re-emerged. Here is the recap. LSTA forms The Loan Syndications and Trading Association (the “LSTA”) has advised its members that it has updated its Revolving Credit Facility Form ...

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Lombard v Skyjets: takeaways for lenders and restructuring professionals | Cadwalader, Wickersham & Taft LLP

The recent decision of the English High Court of Lombard North Central Plc v European Skyjets Ltd [2022] EWHC 728 (QB) provides important guidance to lenders and restructuring professionals when communicating with distressed borrowers. Actions will speak louder than words – whether in the form of a “non-waiver” clause in a contract or an express reservation of rights – when ...

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Live news: UK minister refuses to rule out windfall tax on energy groups

World leaders, business leaders and celebrities will finally gather in Davos, Switzerland, for the annual meeting of the World Economic Forum this week, after Covid-19 delayed the in-person summit for more than two years. The conference usually takes place in January but was pushed back to May after a rise in coronavirus cases forced the WEF to delay the summit ...

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How to buy a first home with friends and family

Unable to buy their first home on their own, some New Zealanders are teaming up with family and friends to enter the property market. Owners share their condominium experiences, while experts advise what to look out for in this type of arrangement. Photo: RNZ / Claire Eastham Farrelly Chris, 25, works in customer service and lives in Tauranga. A good ...

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Altisource Asset Management Corporation announces its departure

CHRISTIANSTED, U.S. Virgin Islands, May 19, 2022 (GLOBE NEWSWIRE) — Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today confirmed that Thomas K. McCarthy’s tenure as as Interim Chief Executive Officer expires on May 31, 2022 in accordance with the terms of his employment contract. The Company will pay Mr. McCarthy a bonus of $250,000 in recognition ...

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DFCU Financial merges with First Citrus Bank in Tampa, Florida – Press and Guide

Recently, the boards of DFCU Financial and First Citrus Bancorporation, Inc reached an agreement for DFCU to acquire FCB, in an all-cash transaction. Called a “definitive agreement,” the deal will see FCB shareholders receive $47.75 in cash for each share held. DFCU will also cash out outstanding options at FCB at the difference between the exercise price and the cash ...

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Development bank pays N1.6 billion to LivingTrust MfB

The Development Bank of Nigeria has approved the disbursement of N1.6 billion to LivingTrust Mortgage Bank Plc for on-lending to micro, small and medium entrepreneurs. In a letter from DBN to the management of the mortgage bank, dated April 27, 2022, DBN said that it had, in March last year, disbursed the first installment of the fund to the bank. ...

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Many Triangle owners are now “stock rich”; here’s how to cash out

RALEIGH- Raleigh’s real estate market value continues to rise, as do median home sales prices. As potential buyers struggle to navigate a competitive market, rising prices and rising mortgage interest rates, more than 56% of Triangle area homeowners are now considered “stock rich,” according to a new report from ATTOM Data Solutions. This represents an increase of approximately 95,000 homeowners ...

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Chicago Atlantic Real Estate Finance expands its portfolio

CHICAGO, May 12, 2022 (GLOBE NEWSWIRE) — Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial real estate finance company, today announced that Chicago Atlantic Lincoln, LLC (“Chicago Atlantic Lincoln”), its wholly-owned financing subsidiary, has entered into an Amended and Restated Loan and Security Agreement by and between Chicago Atlantic Lincoln and two FDIC-insured ...

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How to collect debts from your loved ones

Your brother asked you to cover his rent for a few months while he was between jobs. Or maybe you loaned a friend a few hundred dollars for a car repair he couldn’t afford. You would do anything to help those you love. And you did. But what if they don’t refund you? Consider these options. Bring up the subject ...

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NEWMARK GROUP, INC. MANAGEMENT REPORT AND ANALYSIS OF FINANCIAL POSITION AND OPERATING RESULTS (Form 10-Q)

The following discussion of Newmark's financial condition and results of operations should be read together with Newmark's accompanying unaudited condensed consolidated financial statements and related notes, as well as the caution "Special Note Regarding Forward-Looking Information" relating to forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E ...

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On the injustice of canceling student loans [opinion] | Local voices

“You want to borrow, you have to pay the man.” Rocky Balboa was right, even in “Rocky”. Rocky didn’t break Bob’s thumb like Mr. Gazzo told him. Bob was behind on his payments and Gazzo didn’t like that. “I guess if I break the guy’s thumb he’s fired and he can’t make the payments.” “Let me figure it out, Rock! ...

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NAB raises dividend after online profit, warns of costs

The National Australia Bank logo is displayed in central Sydney, Australia August 4, 2017. REUTERS/David Gray Join now for FREE unlimited access to Reuters.com Register H1 cash profit increased by 4.1% AUSTRAC regulations will cost A$80-120m/year RBA rate hikes will be moderately positive for H2 margins May 5 (Reuters) – National Australia Bank (NAB.AX) on Thursday met first-half cash profit ...

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Regulatory Announcement Xtrackers UK: Important Notice to Xtrackers Shareholders MSCI Pacific ex Japan UCITS ETF 1C

LONDON–(BUSINESS WIRE)– Xtrackers SICAV (SICAV) Registered office: 49, avenue JF Kennedy, L-1855 Luxembourg, RCS Luxembourg B-119.899 (there “Company”) Important Notice to Shareholders of Xtrackers MSCI Pacific ex Japan UCITS ETF 1C (ISIN Code: LU0322252338) (the compartment “) April 29, 2022 The Board of Directors of the Company (the “board of directors“) hereby informs the shareholders of the Sub-Fund (the “Shareholders“) ...

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Every Business Should Assess Its Nature Risks – BRINK – Conversations and Insights on Global Business

Workers clean up an oil spill. Potential ecosystem collapse threatens to cause a $2.7 trillion annual decline in global GDP by 2030. Photo: Pixnio More than half of the world’s GDP depends on nature. The potential collapse of ecosystem services such as pollination and water-based foods threatens to cause a $2.7 trillion annual decline in global GDP by 2030. Unsurprisingly, ...

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Japan steps up lending to Africa amid falling Chinese contributions

Residence ” INDIANARRATIVE » Japan steps up lending to Africa amid falling Chinese contributions By Mahua Venkatesh New Delhi, April 25: Japan is slowly increasing its lending to Africa amid reduced aid from China, even as the latter remains the largest bilateral lender to African countries. Amid the economic downturn and rising debt levels, the world’s second-largest economy has tightened ...

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Future Enterprises defaults on ₹2,911.51 Cr loan repayment to lenders

Mumbai-based Future Enterprises defaulted on loans amounting to ₹2,911.51 crores to consortium banks and lenders. According to the regulatory filing, Future Enterprises was required to pay ₹Loans of 2,911.51 crores to various banking syndicates and lenders between March 23, 2022 and March 31, 2022. The company was unable to repay the mentioned loan amount within the 30-day review period. Future ...

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THERAPEUTICS®, INC. : Completion of acquisition or disposal of assets, triggering events that accelerate or increase a direct financial obligation or an obligation under an off-balance sheet arrangement, financial statements and exhibits (Form 8-K)

Item 2.01 Completion of Acquisition or Disposal of Assets. On April 14, 2022, TherapeuticsMD, Inc.a Nevada corporation (the “Company”), has completed the sale of all of the issued and outstanding share capital (the “Transfer”) of vitaCare Prescription Services, Inc.a Florida corporation and formerly a wholly owned subsidiary of the Company (“vitaCare”), GoodRx, Inc. (“GoodRx”), a Delaware corporation and wholly-owned subsidiary ...

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42 states still allow pet rentals, which means your pet can be repossessed

Pet leasing occurs when a buyer agrees to a payment plan and the seller retains ownership until all payments are made. A company just settled a charge of illegally renting pets this week and had to return hundreds of dogs. Many people are unaware that their pets are rented out and may be taken away if households cannot pay their ...

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NMB Financial Corporation/New Millennium Bank Announces Proposed Acquisition of Noah Bank and Potential U.S. Treasury ECIP Investment in NMB Financial Corporation

FORT LEE, NJ–(BUSINESS WIRE)–NMB Financial Corporation (“NMB” or “Company”) (OTC Pink: NMBF), bank holding company and parent company of New Millennium Bank (“Bank”), announced that a letter of intent has been sent to the Board of Directors Directors of Noah Bank, Elkins Park, Pennsylvania (“Noah”) in connection with a cash acquisition of Noah. The letter of intent provides for the ...

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Lending to Saudi MSME sector expected to grow in 2022

RIYADH: The CEO of NMC Healthcare, Michael Davis, deals with patients’ pain all the time. And now he feels the pain himself in many ways. The largest private healthcare provider in the United Arab Emirates is making a series of painful choices to restructure the business starting with its exit from Saudi Arabia. “Leaving Saudi Arabia was a very difficult ...

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Changes to FIRB Rules Regarding Money Lending Agreements and Unlisted Land Entities

The federal government continues to refine and refine Australia’s foreign investment review rules, amending Foreign Acquisitions and Takeovers Regulations 2015 (Cth) (Regulation) now in force (since April 1, 2022). These amendments aim to clarify certain aspects of the foreign investment framework and to streamline the treatment of less sensitive types of investment. In this article, we describe the main changes ...

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Inside Housing – News – EWS1 crisis: Banks agree to lend on some properties for which a sanitation plan is agreed

Some of the nation’s biggest banks could start lending on properties covered in hazardous materials as long as a fully funded remediation plan is in place, leading industry trade bodies have revealed. Photo: Hrian Perera dividing lines Some of the country’s biggest banks have agreed to lend on properties covered in hazardous materials as long as a fully funded remediation ...

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Ukraine Crisis Could Prevent Banks From Ditching Fossil Fuels – Quartz

Over 100 of the world’s largest banks said that they will stop financing sources of greenhouse gas emissions by 2050. Yet most continue to lend billions of dollars a year to fossil fuel companies. In total, the world’s 60 largest fossil fuel bankers have lent $4.6 trillion to the industry since the signing of the 2015 Paris Agreement, according to ...

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Telecom Egypt: Cooperates with EIB to Secure €150 Million Investment to Expand Mobile Broadband Network

Telecom Egypt has signed an agreement with the European Investment Bank (EIB) – the lending arm of the European Union – to secure a medium-term loan of €150 million to expand Telecom’s 4G broadband network Egypt. The new development facility will be used to help Telecom Egypt improve its mobile network coverage by deploying around 2,000 new mobile sites and ...

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Everything you need to know to get a home loan

Aspiring homeowners who have put off buying a home due to high interest rates and low affordability of home loans can finally set their sights on buying their dream home. Current market rates are such that anyone in the market for a home loan can benefit from low interest rates and competitive loan terms. Market leading lenders are offering interest ...

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The creditor’s line belonged to the Bankruptcy Court, 3rd Circ. Said

By Jeannie O’Sullivan (March 23, 2022, 4:10 p.m. EDT) — A Mitsubishi finance arm on Wednesday urged the Third Circuit to overturn a $1.5 million judgment awarded to a finance company co-creditor in bankruptcy, arguing the matter should have been filed in the same place as the company’s Chapter 11 case. During oral argument, an attorney for Hitachi Capital America ...

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Weston: How buy now, pay later loans could alter credit

Like any easy credit, these plans can tempt people to overspend. Buy now, pay later loans are also largely unregulated and lack the consumer protections that cover credit and debit card purchases. Additionally, the Consumer Financial Protection Bureau is investigating how buy now, pay later lenders are using the payment and purchase data they collect from customers. CREDIT OFFICES ALWAYS ...

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Clear Snaps Up Supply Chain Tech Firm Xpedize

Software-as-a-service (SaaS) and tax reporting company Clear has reached an acquisition agreement for a supply chain finance startup Xpedize for undisclosed durations, according to a Press release Wednesday (March 16). The purchase marks Clear’s move to credit for payments to small and medium-sized enterprises (SMEs) and businesses (B2B). The acquisition will also help Clear scale rapidly and solidify its leadership ...

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Fatal flaw in public procurement law | Local company

A FEW weeks ago I wrote an article expressing my skepticism at the call by one of the most powerful local corporations for the government to sell national assets to private companies. The concern was primarily based on the disastrous socio-economic impact of the recommendation on reducing income inequality – a necessary prescription for sustainable national development. One piece of ...

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Sydney weather clears, NSW floods declare national emergency, Ukraine applauds US-imposed Russian oil sanctions, UK, Scott Morrison met with protests in Lismore

Coming back to Russia’s invasion of Ukraine, world leaders are among those condemning a Russian attack on a Ukrainian maternity and children’s hospital. Rescuers try to save those caught under the rubble. The ground shook for more than a mile as multiple explosions hit the Mariupol compound which ripped off much of a building’s facade. A woman walks past the ...

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Deed contract may leave Midwest homebuyers out in the cold | State News

Most Americans who want to own a home — and can afford it — follow a fairly straightforward path to their dreams. They start with a loan from a bank or mortgage company, institutions subject to state and federal regulations. When buyers complete the sale of the home they want, the deal is registered with the government, usually at county ...

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The IMF must ensure that Russia cannot access its financial lifeline

Last year, the International Monetary Fund (IMF) celebrated the largest allocation of Special Drawing Rights (SDRs) in its history. This extraordinary act of money creation was worth approximately $650 billion and provided all IMF members with additional access to hard currency. Contrary to the general practice of the IMF and the World Bank of conditioning aid on political, fiduciary, and ...

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Argentina and the IMF reach a preliminary agreement of 44.5 billion dollars to solve the debt burden

Argentina and the The International Monetary Fund (IMF) has reached a $44.5 billion preliminary deal to help the South American country manage its debt burden, the economy ministry said. “The debt refinancing agreement between the Argentine Republic and the International Monetary Fund” will soon be submitted to Congress for approval, the Xinhua news agency quoted the ministry ...

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Haus Launches $HAUS Home Equity Security Token, Laying the Groundwork for a Whole New Market Backed by the World’s Largest Asset Class

SAN FRANCISCO–(BUSINESS WIRE)–House today announced the launch of HausCoin ($HAUS), a brand new financial infrastructure offering an alternative to the debt and interest focused Mortgage Backed Securities (MBS) markets with a new equity focused market. Built on the Ethereum blockchain, HausCoin offers investors a way to directly buy $HAUS, backed 1:1 by home equity, and reap returns based on the ...

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Cavco Industries announces the acquisition of Manufacturing

PHOENIX, 28 Feb. 10, 2022 (GLOBE NEWSWIRE) — Cavco Industries, Inc. (Nasdaq: CVCO) (“Cavco”) announced today that an agreement has been signed to acquire a 184,000 square foot manufacturing facility in Hamlet, Carolina North, which will be modified to produce homes built to U.S. Department of Housing and Urban Development (“HUD code”) standards. Bill Boor, President and CEO, said, “The ...

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Britain set to provide Ukraine with additional weapons and loan guarantees

The regime of authoritarian leader Alyaksandr Lukashenka is due to hold a vote on February 27 in a bid to tighten its grip on power in Belarus and possibly end the country’s nuclear-free status. Lukashenka, 67, has offered to change the constitution, the third time he has done so since coming to power in 1994, which would allow him to ...

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Frasers Group acquires operating business of Troubled Studio Retail for £26.8m

By Joe Hoppe Frasers Group PLC announced on Friday that it has acquired digital retailer Studio Retail Group PLC’s main operating subsidiary, Studio Retail Ltd., and certain other assets for 26.8 million pounds ($35.9 million) . The British sports fashion retailer said the purchase included cash and the release of Studio Retail from its debts to lending banks involved in ...

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Webstep ASA: Mandatory Transaction Notification by Key Insiders and Closely Associated Persons

Oslo, February 23, 2022: Reference is made to the stock market announcement published by Webstep ASA (the “Company”) earlier today, the February 23, 2022concerning the decision of the Board of Directors of the Company to increase the share capital of the Company with NOK 77,902 through the issue of 77,902 new shares, each with a par value of NOK1.00to facilitate ...

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IIFL Home Finance signs $68m loan agreement with AfDB – pv magazine India

The funding aims to boost women’s access to affordable green housing in India. It includes up to $58 million in direct lending from the Asian Development Bank and a $10 million concessional loan from the Canadian Climate Fund for the private sector in Asia. February 21, 2022 Uma Gupta Image: distelAPPArath, pixabay IIFL Home Finance Limited (IIFL), India’s leading housing ...

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Mayor touts city’s fiscal rebound in address

Ely Mayor Nathan Robertson delivered the state of the city address at last week’s city council meeting. Robertson spoke about the main concerns of city residents and elected officials regarding city finances. “Is the city solvent? Is my tax money being used responsibly? The city of Ely’s annual budget is not the largest of the state’s 19 cities. In fact, ...

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Tribal officials urge judges to agree to loan arbitration

By Andrew Westney (February 17, 2022, 8:16 p.m. EST) – Habematolel Pomo, Upper Lake Tribal Officials, have urged the U.S. Supreme Court to overturn a Fourth Circuit ruling refusing to allow arbitration of claims regarding loans from tribe-owned businesses, saying the decision underscored a divided circuit over the interpretation of arbitration provisions in contracts. Sherry Treppa – the board chairwoman ...

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DLP Capital acquires “The Proper” apartment complex in Houston

ST. AUGUSTINE, Florida, February 16, 2022–(BUSINESS WIRE)–DLP Capital, a private real estate investment and finance company, announces the purchase of The cleana 235-unit apartment complex in Houston, located at 4971 Martin Luther King Jr Blvd, Houston, TX 77021. The property will be renamed DLP itselfsignifying DLP Capital’s continued commitment to bringing workforce housing to the City of Houston. Built in ...

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Patrick Daley Thompson’s Federal Case Goes to Jury

Chicago Ald Lawyers. Patrick Daley Thompson told jurors on Monday that the tax evasion case against him was an “act of desperation” to convict their client, the only longtime member of Chicago’s Daley dynasty to be indicted by the federal government. Prosecutors and defense attorneys made their final appeals in their closing remarks before a 12-member jury on the sixth ...

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Credit Suisse entities agree to settle US lawsuit for $81 million

WASHINGTON (Reuters) – Credit Suisse Group AG entities, among six defendants in a lawsuit originally brought by Iowa Public Employees Retirement System and other retirement associations, have agreed to pay $81 million, the first to agree to pay settle, the law firm Cohen Milstein Sellers & Toll PLLC said in a statement. “This first settlement agreement includes both a cash ...

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Mr. Cooper: and Sagent Announce Agreement to Create Mortgage Industry’s First Cloud-Native Services Platform – Form 8-K

DALLAS–(BUSINESS WIRE)–February 11, 2022–Mr. Cooper Group Inc. (“M. Cooper” or “the Company”) and Sagent M&C, LLC (“Sagent”) today announced the execution of a definitive agreement pursuant to which Sagent will purchase certain intellectual property rights relating to wholly-owned Mr. Cooper’s cloud-based technology platform for servicing mortgages, and Mr. Cooper will receive an equity stake in Sagent. This deal will leverage ...

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Subprime lender Elevate to pay over $3.75 million to end DC interest rate lawsuit

Diving Brief: Subprime consumer lender Elevate has agreed to pay at least $3.3 million in compensation to more than 2,500 Washington, D.C. residents as part of a settlement announced Tuesday after the DC attorney general sued the company, claiming it was charging interest at an annual percentage rate (APR) well above the district’s 24% cap. The lender also agreed to ...

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Why Walker & Dunlop (WD) is buying GeoPhy for $85 million in cash

Walker & Dunlop, Inc. (NYSE: WD) recently announced that it has reached an agreement to purchase GeoPhy for $85 million in cash. These are the details. Walker & Dunlop, Inc. recently announced that it has entered into a definitive agreement to purchase GeoPhy, a leading commercial real estate technology company. GeoPhy’s data analytics and development capabilities will significantly accelerate the ...

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DA partners with agribusinesses to produce healthy, quality pig farmers

Author: DA Communications Group | February 6, 2022 In its continued efforts to revive the country’s pork industry severely affected by African Swine Fever (ASF), the Duterte administration, through the Department of Agriculture (DA), is partnering with the private sector to produce pig farmers needed to revive and support the government’s pig industry. repopulation program. Over the weekend, Agriculture Secretary ...

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Third Circuit argues that applying PA usury law to auto loans issued to PA residents at out-of-state locations does not violate Commerce Clause | Ballard Spahr LLP

The United States Court of Appeals for the Third Circuit recently ruled that the application of Pennsylvania usury laws to vehicle-secured loans issued to residents of Pennsylvania who travel outside of Pennsylvania to obtain such loans does not violate the Commerce Clause of the United States Constitution. The decision could have significant implications for all consumer credit providers whose operations ...

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Live news: UK house prices have strongest start to year since 2005

The New York Times company has agreed to buy Wordle, the daily word game that became an overnight sensation – the news company’s latest move to boost its products and reach its goal of 10 million digital subscribers by 2025. Josh Wardle, a software engineer from Brooklyn who created Wordle as gift to his girlfriend, sold the site to The ...

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Indiana would cut ties with banks that ‘boycott’ fossil fuels under House bill | news

Indiana Public Media News { “banners”: { “tv”: [ {“url” : “https://indianapublicmedia.secureallegiance.com/wtiu/WebModule/Donate.aspx?P=WTIUMCBNR&PAGETYPE=PLG&CHECK=2T6mTyo6yYuMn%2bAFYFwp%2bq1gzMC6uhq5nDjkJobrCdg%3d”, “img” : “https://indianapublicmedia.org/images/banner-images/12-21-21-to-12-28-21-wtiu-bnr.jpg”, “startingDate” : “1640062800000”, “endingDate” : “1640753940000”} , {“url” : “https://indianapublicmedia.secureallegiance.com/wtiu/WebModule/Donate.aspx?P=WTIUMCBNR&PAGETYPE=PLG&CHECK=2T6mTyo6yYuMn%2bAFYFwp%2bq1gzMC6uhq5nDjkJobrCdg%3d”, “img” : “https://indianapublicmedia.org/images/banner-images/12-29-21-wtiu-bnr.jpg”, “startingDate” : “1640754000000”, “endingDate” : “1640840340000”} , {“url” : “https://indianapublicmedia.secureallegiance.com/wtiu/WebModule/Donate.aspx?P=WTIUMCBNR&PAGETYPE=PLG&CHECK=2T6mTyo6yYuMn%2bAFYFwp%2bq1gzMC6uhq5nDjkJobrCdg%3d”, “img” : “https://indianapublicmedia.org/images/banner-images/12-30-21-wtiu-bnr.jpg”, “startingDate” : “1640840400000”, “endingDate” : “1640926740000”} , {“url” : “https://indianapublicmedia.secureallegiance.com/wtiu/WebModule/Donate.aspx?P=WTIUMCBNR&PAGETYPE=PLG&CHECK=2T6mTyo6yYuMn%2bAFYFwp%2bq1gzMC6uhq5nDjkJobrCdg%3d”, “img” : “https://indianapublicmedia.org/images/banner-images/12-31-21-wtiu-bnr.jpg”, “startingDate” : “1640926800000”, “endingDate” : “1641013140000”} ...

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SEC wants to cap financing and lending rates for lending firms

The Securities and Exchange Commission (SEC) has proposed to the Bangko Sentral ng Pilipinas (BSP) a cap on lending rates from finance and lending companies, many of which operate online lending platforms, to prevent excessively charging rates students. This proposal was made in the same vein as BSP’s existing cap on interest rates charged by credit card issuers, and is ...

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Kenya refuses to release contracts for Chinese debt — Quartz Africa

Kenya has refused to release loan contracts for its China-built railway in response to a legal petition from two activists, saying they had non-disclosure clauses and publishing them would breach an agreement bilateral, altering relations between Kenya and China. . This shines a light on the alleged secretive nature of China’s deals with developing countries, which experts say complicates debt ...

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State Street Obtains Mandate for Defined Contribution Assets from Raytheon Technologies Corporation in the United States

BOSTON–(BUSINESS WIRE)–State Street Corporation (NYSE: STT) today announced that it has been selected by Raytheon Technologies (NYSE: RTX) as trustee, custodian, asset manager, securities lending agent and transition manager for the Raytheon Technologies Corporation Savings Plan Master Trust, a $54 billion master trust that holds the assets of all U.S.-based defined contribution plans sponsored by Raytheon Technologies. As part of ...

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Hold onto the certainty of a fixed rate home loan

With accommodative monetary policy coming to an end, it makes sense to lock in interest rates that will remain static for some time The dream of every middle-class Indian family is to own a house. This is true regardless of the city in which they reside. When a child settles into a stable job, there is enormous parental pressure to ...

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