China banks stoke controversy with loans to boost pensions
Rural banks in China have created a public stir by targeting low-income earners and the elderly with loan products designed to plug their pension shortfalls as lenders get creative amid…
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Loans
There’s a new tax deduction for car loans in Trump’s Big Beautiful Bill. Here’s who’s eligible—and what’s the catch
While the “No Tax on Tips” provision in President Donald Trump’s One Big Beautiful Bill Act has been making headlines for its tax deductions on tips and overtime, there are plenty of other…
3% mortgage rates aren’t dead—housing market sees 127% increase in buyers taking over old loans
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClubnewsletter. Some homebuyers are sidestepping 6% and 7% mortgage rates by tapping into…
Indonesia’s sovereign wealth funds Danantara loans US$405 million to flag carrier Garuda
Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jets Indonesian sovereign wealth fund Danantara…
Indonesia’s sovereign wealth fund Danantara loans US$405 million to flag carrier Garuda
Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jets Indonesian sovereign wealth fund Danantara…
FICO’s new credit scores will include buy now, pay later loans data. Here’s how it could impact your score
Buy now, pay later (BNPL) payment options are increasingly popular, particularly among young consumers. A recent survey from J.D. Power shows that 42% of millennials and Gen Z actively use…
Deutsche Bank plans SRT deal tied to US$3 billion corporate loans
Deutsche Bank is selling a significant risk transfer (SRT) linked to a portfolio of US$3 billion in corporate loans, according to people with knowledge of the matter, the latest deal to…
Thai banks' bad loans rise to 2.9% in Q1
Thai banks’ non-performing loans rose to 2.90 per cent of outstanding loans at the end of March from 2.78 per cent at the end of December, the central bank said on Tuesday (May…
What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. That means consumers looking to…
Hong Leong Finance sees over 300% growth in EV loans
Hong Leong Finance (HLF) announced that it has seen a more than 300 per cent increase in electric vehicle (EV) loans, from S$73 million in 2023 to S$314 million in 2024. Besides EV loans,…
This is what happens when Buy Now, Pay Later loans are folded into FICO scores
Buy Now, Pay Later (BNPL) loans have become increasingly popular in recent years—originations grew tenfold between 2019 and 2021, for instance. Last year, roughly 20% of American consumers…
How student loans could change under Donald Trump
President Donald Trump has inherited a federal student loan system that looks considerably different from the one in place when he left office in early 2021. Former President Joe Biden's…
Asia-Pacific loans set to recover in 2025 from three-year drop
ASIA-PACIFIC loan volume outside Japan is gearing up for a rebound in 2025 driven by merger and acquisition activity and favourable rates environment, after falling for three years…
Average rate for 30-year mortgage reaches 6-month high
The average rate for a 30-year mortgage in the United States reached a six-month high this week and also leapfrogged the rate during the same stretch one year ago. Why It Matters High…
HSBC plans risk transfer linked to 2 billion euros of corporate loans
HSBC Holdings plans to issue a significant risk transfer (SRT) linked to a portfolio of about 2 billion euros (S$2.9 billion) of corporate loans, according to people familiar with the…
JNPA agrees to fulfil demands of Dye-Makers Association at Vadhvan
Chairman, Jawaharlal Nehru Port Authority (JNPA) 2 min read Last Updated : Sep 25 2024 | 3:56 PM IST Jawaharlal Nehru Port Authority (JNPA) agreed to fulfil all the demands put forth by…