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