Banking

The faces of Americans in debt

A large sum of money owed can seem strangely incorporeal – it can weigh heavily while still feeling somehow abstract, unreal. Since shame comes to debt as inexorably as interest, many people do not like to talk about the topic, which makes it even less visible. (One exception is the …

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Club credits vs syndication: now it’s serious

It’s rare for a successful fundraiser for a reputable name to shed light on some of the deepest issues in the loan market. But some recent acquisition loans in Asia have done just that – and reopened the debate between syndication and club loans. For Asian borrowers considering a new …

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Today in B2B: Zomato collabs on financing

Share Tweet Share Share Share E-mail In B2B payments today, Zomato is partnering with restaurant finance, as garment suppliers in Bangladesh struggle with canceled orders and late payments. Additionally, Wolters Kluwer is beefing up its PPP software, Sage is collaborating on retail financial solutions, and the Central Bank of Russia …

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Victoria Beckham ‘lends 137 million rand to save fashion business’

Through Bang showbiz June 19, 2020 Share this article: ShareTweetShareShareShareE-mailShare Fashion designer Victoria Beckham is said to be about to take out a R137 million loan to save her business. The singer-turned-designer was offered the loan after her company, Victoria Beckham Ltd, suffered significant losses over a four-year period. The …

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Stocks close largely lower on Wall Street as banks stumble

Stocks closed broadly lower, abandoning their gains from the previous day. Banks suffered some of the biggest losses as bond yields fell today and energy companies fell alongside a sharp drop in the price of crude oil. The S&P 500 lost 0.8%. Smaller company shares, which have largely outperformed the …

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