Know What Is Going On!

February, 2015

Sharing the Small Business Love [Infographic]

Editors Note: The following is a guest post from Brock Blake, president and CEO of Lendio,a marketplace lending platform that connects small businesses with small business lenders in the US. Blake writes in to discuss the difficulties of small businesses attaining credit for growth. You can follow the latest from his company @Lendio. As always, […]

Ukraine’s central bank to strengthen currency controls – Gontareva

KIEV Feb 23 (Reuters) – The head of Ukraines central bank said on Monday the bank would tighten currency controls on importers in a move to defend the struggling national hyrvnia currency. The bank said it would control all prepayment for importers contracts over $50,000 and any importer with a contract over $500,000 would need […]

Hit payday lenders with new rules — and new competition

The payday loan industry preys on the poorest working Americans, who take cash advances and often find they can never catch up with debts that keep spiraling higher. In much of the United States, payday lenders reap huge profits by charging triple-digit interest rates and high fees, all the while sending borrowers into an inescapable […]

APR Energy in talks with lenders to amend credit facility

n>Feb 23 (Reuters) – APR Energy Plc said it was seeking an amendment to its credit facility to avoid missing certain financial covenants going forward, nearly a month after the company said it would move its power producing assets out of Libya. APR, which rents out turbines and generators to overcome power shortages, said it […]

Malaysian lenders look to Plan B after passing on three-way merger

KUALA LUMPUR/SYDNEY Feb 23 (Reuters) – Malaysian lenders are rolling out alternative growth strategies for their Islamic businesses, after a proposed three-way merger that would have created one of the worlds largest Islamic banks was scrapped last month. Weak economic conditions scuppered plans for a tie-up of Malaysias second-biggest lender CIMB Group Holdings Bhd with […]

Borro Banks $19 Million for Online Luxury Pawn Shop

Operating an online pawnshop featuring fine wine, art, antiques and other luxury goods, Borro Ltd. originated $75 million in loans last year to cash-poor, asset-rich individuals. That amount, which generated $20 million in revenue, was up 80% from the previous year. The startup’s growth, along with its unique niche within a large and growing group […]

Payday Lenders Escaped Regulation, but Now They Face the Church

On one mile of the Atlanta Highway in Montgomery, Ala., more than a dozen stores offer payday loans or cash on a car title, or they let you pawn a ring. Easy Money, Always Money, TitleBucks: They remind the ReverendShannon Webster of vultures. “To cluster like that for the purpose of ripping off the poor, […]

47 Percent Of Americans Spend All Of Their Salary On Expenses

However, the study by the Pew Charitable Trusts paints a much darker picture. [47 percent of US households] could not withstand a serious financial emergency, said Diana Elliott, Pew research manager and co-author of the study, told the Associated Press. Macro indicators tell us a lot, but they dont tell us what is specifically happening […]

Will The Carbon Bubble Be The Next Financial Crisis?

The gross overvaluation of commodities companies, based on resources that they will never be able to extract from the ground, will lead to a new market crash and global financial crisis. That’s the warningin a new study released in Europe yesterday. It comes from the Green party, and specifically a study commissioned by the Green […]

Manulife Financial Earnings Drop 51%, Missing Expectations

Insurance giant Manulife Financial Corp. cautioned Thursday that lower interest rates and the recent slide in oil prices could weigh on its financial results in 2015. Toronto-based Manulife issued that warning after its fourth-quarter profit tumbled 51% on a year-over-year basis and missed expectations on a core basis. Although profits in the quarter were hurt […]

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