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Swiss Banks considers $21 billion in coronavirus business loan program

15-03-2020

A slew of major lenders in Switzerland had been exploring an option to launch a $21 billion business loan program aimed at aiding the small-business owners which had been bearing the steepest brunt thus far from a grievous coronavirus outbreak

BoC cuts interest rate again by 50 bps to provide “a bridge across the trouble”

14-03-2020

On Friday, in order to cushion up the Canadian economy from a gruelling outbreak of Covid-19 which has been sending the global economy at the edge of a cliff, BoC (Bank of Canada) had proffered an emergency interest rate cut of 50bps

BoC pledges fiscal stimulus as Toronto witnesses worst intra-day plunge in 80 years

13-03-2020

On Thursday, the 12th of March 2020, the BoC (Bank of Canada) had committed to fiscal stimulus to grapple with a fast-spreading coronavirus pandemic

Israel to set up $1 billion fund to help companies see through the coronavirus crises

10-03-2020

On Sunday, the 8th of March 2020, the Israeli Prime Minister, Benjamin Netanyahu said in a statement that his Government had been sketching out a plan to establish a fund of $1 billion to assist Israeli companies hurt by coronavirus

ECB working on lending scheme for coronavirus-hit companies

05-03-2020

Frankfurt-based ECB, the central back of the bloc’s 19 member states that administers monetary policy within the EU, had been making preparations to provide businesses with liquidities hurt by the consequential repercussions of coronavirus outbreak

US 10-year Treasury bond below 1% for the first time after Fed rate cut

04-03-2020

The US 10-year Treasury bonds has been trading below 1 per cent for the first time on record amid investors’ “flight-to-safety” response

US consumer spending tumbles as Fed rate-cut bet jumps amid coronavirus

29-02-2020

On Friday, the 28th of February 2020, US government data had signalled a likely pause of the world’s No. 1 economy’s record long expansion currently at its eleventh year

US business borrowing equipment climbs 28% in January, says ELFA

27-02-2020

Equipment Leasing and Financing Association said that the American companies’ borrowings for capital investment, a critical indicator to investors’ appetite, mounted as much as 28 per cent last month on an annualized basis

Tanzania secures $1.46 bn in debt for railway construction from Standard Chartered

17-02-2020

Tanzania, the east-Africa’s second-largest economy known for its vast wilderness had rubber stamped a sum of $1.46 billion in new debt agreement with the British lender Standard Chartered

German online bank N26 to leave post-Brexit Britain

12-02-2020

On Tuesday, the 11th of February 2020, the German online lender N26, which had branded the UK market as a “no brainer” during its launch, had signalled a quicker exit from UK, remarking the first European lender to leave a Brexited Britain

US farm bankruptcies hit an eight-year high in 2019

01-02-2020

The pace at which US farms were getting bankrupted had been climbed by the most in 2019 in last eight years amid a wave of persistent economic punches on US farming sectors

Fed keeps interest rate steady, signals no rate-cut at least until end-2020

31-01-2020

On Wednesday, the 29th of January 2020, the US Federal Reserve left borrowing cost unchanged following the year’s first policy meet, while Fed Chair Jerome Powell hinted a moderate economic growth alongside a strong job market

US business borrowing for equipment rises 2 per cent in December

26-01-2020

On Friday, US Equipment Leasing and Finance Association (ELFA) had depicted an upbeat picture for US factory activity and agricultural investment, as US business borrowing for equipment posted a rise of nearly 2 per cent last month

Kenya in talks with the World Bank for a whopping $1 billion in new loan

20-01-2020

Kenya, the debt-laden East-African nation, had been in an advanced stage talk with the World Bank for “a” fairly priced loan of up to $991.75 million or 100 billion Kenyan shillings

Goldman Sachs finally launches app for online bank Marcus, will offer loan payment

12-01-2020

New York City-based United States’ leading lender, Goldman Sachs Group Inc., finally had launched a long-anticipated app for its online bank Marcus this week, named over the founder of Goldman Sachs, Marcus Goldman

Student Loans: Betsy DeVos-led education department comes under scanner

11-09-2018

The education department is said to be protecting the interests of lending companies instead of the students