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Alba Iulia
Tuesday, September 29, 2020

Banking services (TRBC)

UPDATE 1 – China’s new bank loans in August rise to 1.28 trln yuan, higher than expected

(Adds details)* August new loans 1.28 trln yuan against f'cast 1.22 trln yuan* August M2 money supply + 10.4% y / y, compared to + 10.7%* August TSF growth accelerates to 13.3% from 12.9% in JulyBEIJING, Sep 11 (Reuters)...

No Funds Available: Depositors at Indian bank PMC survive on loans, charity

MUMBAI / NEW DELHI (Reuters) - In February, 82-year-old Kishan Lal asked India's finance minister for help, saying in a Twitter message that he was ready to donate his kidney and eyes if anyone could help organize the funds....

Indonesia launches a $ 7 billion loan guarantee scheme for priority companies

JAKARTA, July 29 (Reuters) - Indonesia launched a 100 trillion rupee ($ 6.92 billion) loan guarantee scheme for businesses in priority sectors as part of efforts to help businesses stay afloat during the coronavirus pandemic, said the finance minister....

The domestic watchdog detects signs of “widespread potential fraud” in the SBA’s disaster loan program

WASHINGTON, July 28 (Reuters) - The US government agency's internal watchdog responsible for managing emergency loans and COVID-19 grants to owners of small businesses and nonprofits said it found "strong indicators of widespread potential fraud "in the disaster loan...

UPDATE 2-Bankinter fluctuates in loss, the costs of the insurance of the loans increase

* Net loss of books of 21 million euros in the second quarter * Provides € 177 million in COVID-19 provisions * No further provisions for the rest of the year * Increases the cost of risk orientation for...

The Australian Westpac has hit with class shares on auto loan fees

July 17 (Reuters) - Westpac Banking Corp. said Friday that it had been sentenced to class action on commissions paid to car dealers between 2013 and 2018 which are presumed to have led to higher interest rates on loans....

CORRECT – Macau casinos are increasing as the mainland Chinese border is reopened

(Change the date to Tuesday from Monday in the final paragraph) HONG KONG, July 14 (Reuters) - Macau casino operator stocks surged Tuesday after China eased its border restrictions on coronavirus, laying the groundwork for a gradual resumption of...

Chinese banks must prepare for an increase in non-performing regulatory loans

FILE PHOTO: people wear protective masks following an outbreak of the new coronavirus disease (COVID-19), in the Lujiazui financial district in Shanghai, China, 19 March 2020. REUTERS / Aly Song /BEIJING (Reuters) - Chinese banks should prepare for a...
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