According to sources familiar with the case, Citigroup Inc. arranged a $260 million asset-backed loan for WeLab Ltd., Hong Kong's largest online lending platform.
Citigroup is the deal's lone senior underwriter, according to the sources, who...
Slowing lending growth risks reducing a key generator of profitability for the main US banks when they report third-quarter earnings this week.
Net interest income — the difference between what banks spend on deposits and what...
Victoria Spartz has emerged as a House hero for the small number of Americans who actually worry about the national debt. On Monday, two days after Congress passed a stopgap budget agreement to avoid a...
Credit Suisse forecasts a $1.6 billion loss from reclassifying loans related to its non-core and legacy businesses in the third quarter, according to the bank, which is now part of UBS (UBSG.S).
Furthermore, the bank decided...
Freddie Mac announced the auction sale of 3,564 non-performing residential first lien loans (NPLs) from its mortgage-related assets portfolio.
Specialized Loan Servicing LLC, Select Portfolio Servicing, Inc., NewRez LLC, d/b/a Shellpoint Mortgage Servicing, and Nationstar Mortgage...
Some investors warn that buyout firms are borrowing at 19% interest rates and risking greater ramifications.
Some investors worry about industry and financial system vulnerabilities as private equity firms add more debt to their intricate borrowing...
According to Ethiopia's finance minister, post-conflict reconstruction will cost around $20 billion and will necessitate assistance from foreign organizations and investors.
"We need about $20 billion over five years," Ahmed Shide said of the amount needed...
Federal Reserve policymakers voiced concern about the rate of inflation at their most recent meeting and cautioned that additional rate hikes may be required in the future unless circumstances change.
Markets largely anticipate that the quarter...
Reports show debt grew to over $1 trillion in the second quarter, putting some in financial pressure before student loan payments began.
The Federal Reserve Bank of New York announced this month that Americans' credit card...
A government-backed scheme is granting high-risk consumers interest-free loans from a few small UK commercial lenders during the cost of living crisis.
The British government will transfer 45 million pounds ($57.18 million) from its Dormant Assets...
