credit-growth
Top StoriesU.s., European Banks Could Lose Over $5 Billion From Risky Buyout Loans
Top StoriesFactbox-U.S., European Banks Could Lose Over $5 Billion From Risky Buyout Loans
Top StoriesAnalysis-U.S., European Banks Could Lose Over $5 Billion From Risky Buyout Loans
Top StoriesUK Consumers Borrow More in Face of Cost-Of-Living Squeeze
Ireland’s Aib Expects 10% Rise in Net Interest Income in 2022
Date: July 29, 2022
By Padraic Halpin DUBLIN (Reuters) -AIB Group expects net interest income to jump by 10% this year as a result of more aggressive European Central Bank (ECB) and Bank of England (BOE) rate hikes, prompting Ireland’s largest mortgage lender to review its medium-term targets. Net interest income rose by 2% year on year in the...
Recovery Time: How Do We Overcome the Covid Challenge of Commercial Smb Lending?
Date: July 27, 2022
By Dave Lewis, CEO and founder of Ranqx Covid-19 is a significant human crisis, which has claimed the lives of millions of people. It may seem insensitive to discuss some of the other problems induced by this global tragedy, but they are now too pronounced to ignore. In particular, the economic consequences of the pandemic...
Euro Zone Business Lending Unexpectedly Surges in June
Date: July 27, 2022
FRANKFURT (Reuters) – Lending to euro zone companies accelerated in June, confounding fears that banks are tightening access to credit as uncertainty about inflation and the fallout of the war in Ukraine are pointing to recession risks, European Central Bank data showed. Lending to companies in the 19-country euro area expanded by 6.8% in June...
Why Credit Holds the Key for UK Start-Up Success
Date: July 14, 2022
By Rori Cadavieco, General Manager EMEA, Jeeves Despite its ubiquity, credit is still divisive and this needs to change. It is a financial instrument at the heart of modern payments, powering consumer spending and business growth. While for many, it provides an important lifeline for those one-off, unforeseen costs. Its attachment to the 2008 financial...
Experian First-Quarter Revenue Rises on Robust Credit Demand
Date: July 14, 2022
(Reuters) -Experian reported higher first-quarter total revenue on Thursday, as the world’s largest credit data firm benefited from a robust demand in demand and supply of credit, mainly in North America. While overall demand for credit reports and scores is rising as the global economy emerges from the pandemic, the company now has to battle...
Analysis-Buy Now Pay Later Business Model Faces Test as Rates Rise
Date: June 10, 2022
By Elizabeth Howcroft LONDON (Reuters) – Reduced consumer spending, rising interest rates and trickier credit conditions spell trouble for Buy Now Pay Later lenders, raising the prospect of consolidation in the sector. Buy Now Pay Later (BNPL) firms have created one of the fastest-growing segments in consumer finance, with transaction volumes hitting $120 billion in...