Secured Loan

Satin Creditcare plans 15-20% growth in assets under management in fiscal 23, according to CMD

Singh said the merger of Satin Creditcare’s two wholly owned subsidiaries, Taraashna Financial Services with Satin Finserv, is expected to be completed by the end of March. By Piyush Shukla Satin Creditcare Network, whose board of directors approved to raise 225 crore rupees on Monday, will use the funds to generate 15-20% annual growth in its assets under management (AUM) ...

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Thai AirAsia X seeks investors, to restructure in 2022

Thai AirAsia X (XJ, Bangkok Don Mueang) plans to begin a formal restructuring in 2022 and seek new investors to fund its relaunch, the executive chairman of majority shareholder Asia Aviation, Tassapon Bijleveld, told the Bangkok Post. Tassapon did not disclose how much funding the airline would seek or what type of recapitalization. Asia Aviation, which owns a 51% stake ...

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Saudi Arabia deposits $ 3 billion with State Bank of Pakistan

Pakistan has finally received the $ 3 billion Saudi loan under a $ 4.2 billion Saudi program, Prime Minister’s finance and revenue adviser Shaukat Tarin confirmed on Saturday. The Saudi Development Fund deposited the money with the State Bank of Pakistan, increasing Pakistan’s foreign exchange reserves. “Good news, a US $ 3 billion Saudi deposit received by SBP. I would ...

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Fourth Quarter Profit Mortgage Pieces: Scotiabank and RBC

A reduction in provisions made for potential credit losses boosted Scotiabank and RBC’s fourth quarter results this week. Both big banks saw strong growth in their mortgage portfolios, but faced a squeeze in net interest margin (NIM), largely due to lower spreads earned on mortgages versus d ‘other products, such as credit cards. As Scotia CFO Raj Viswanathan noted during ...

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3 things to know before applying for a

LOS ANGELES, Nov. 30, 2021 (GLOBE NEWSWIRE) – Title loans offer car owners a quick and often easy way to get a loan. Many lenders have lenient credit score requirements and take the value of the car into account when determining loan amount and eligibility, and borrowers can often get their loan within one day. Here’s how title loans work ...

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Churchill Asset Management Closes $ 750 Million Mid-Market CLO Offer

Churchill Asset Management LLC (“Churchill” or the “Company”), a Nuveen investment specialist that provides customized financing solutions to US mid-market-focused private equity sponsors and their portfolio companies, announced today After the closing of a $ 750 million Middle Market Secured Loan Obligation (“CLO”), Churchill Middle Market CLO III Ltd. (“CLO III”) on November 4, 2021. “We are delighted to build ...

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Legal-Ease: Priorities and loan repayment process

Many of us have borrowed money and used real estate as “collateral” for this loan of money. These provisions basically provide that if the borrower does not repay the money owed to the lender, the lender can sue the borrower and possibly force the sale of the building which would provide the money to repay the lender. In these situations, ...

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ScotPac launches secured real estate and business loans for SMEs

ScotPac Managing Director Jon Sutton. Origin: supplied. Small business lender ScotPac is expanding its line of financing products, offering real estate and business loans in what could be a game-changer for many small business owners struggling to access finance. The home equity loan for business owners will allow borrowers to use their home equity to buy or refinance residential property. ...

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Loyalty programs offer airlines a lifeline

WHEN FRAMES at American Airlines unveiled the world’s first frequent flyer program 40 years ago, they probably never imagined it would ever be worth more than the airline itself. Last year, analysts valued the program at around $ 18 billion to $ 30 billion, eclipsing the company’s current market capitalization of $ 12.9 billion. Such programs have proven to be ...

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Current state of CMBS offerings and main concerns

BBacked by the basic policy “that housing is for residing, not for speculating”, real estate financing has become increasingly tight. Considering the advantages such as long terms, relatively low financing costs, low repayments over the period, flexibility in the use of the product, etc., Commercial Mortgage Backed Securities (CMBS) attract more and more market attention. Chen XiuliPartnerV&T law firm Current ...

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