Pension Fund

Indonesia launches $ 7 billion loan guarantee program for ‘priority’ businesses

JAKARTA (Reuters) – Indonesia launched a 100,000 billion rupee ($ 6.92 billion) loan guarantee program targeting businesses in priority sectors as part of efforts to help businesses stay afloat during the coronavirus pandemic, the finance minister said. FILE PHOTO: General view of a business district at sunset in Jakarta, Indonesia …

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DACA “Dreamers” Considering FHA Loan Eligibility

The Department of Housing and Urban Development (HUD) announced on Tuesday that it had Extended eligibility for FHA mortgages to people classified under the Deferred Action for Childhood Arrivals (DACA) program. These individuals are perhaps better known as “Dreamers”. DACA status is granted to undocumented people who were brought into …

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Qatar National Bank closes syndication of $ 3.5 billion loan

FILE PHOTO: The Qatar National Bank logo is seen on its building in Doha, Qatar, January 16, 2018. REUTERS / Stringer DUBA (Reuters) – National Bank of Qatar QNBK.QA has closed syndication of its $ 3.5 billion double-tranche unsecured term loan, the Gulf’s largest lender said on Monday. Sources told …

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SBA launches new PPP loan forgiveness request

The Small Business Administration (SBA) in the United States has launched a new application for the Paycheck Protection Program to revise the requirements for small businesses across the country to obtain loan forgiveness. The SBA, in partnership with the U.S. Department of the Treasury, has released a revised Paycheck Protection …

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Official: Weston McKennie on loan to Juventus

It’s finally done! After reports earlier this week surfaced that Weston McKennie was on his way to the Serie A giants Juventus, the decision was formalized today. Juventus announced signing the 22-year-old American midfielder on loan for the 2020-2021 season. Juventus will officially loan McKennie to Schalke 04 for this …

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Oman talks to banks about new loan of at least $ 1 billion: sources

Through Davide Barbuscia, Youssef Saba DUBAI (Reuters) – Oman is discussing a loan of at least $ 1 billion with a group of banks, sources said, as the oil-producing Gulf state seeks more financing ahead of large repayments of its debt over the next two years. Rated below the investment …

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How loan sharks roam digital waters

Abhishek Iyengar (name changed), a 29-year-old marketing manager at a restaurant in Kochi, was laid off from the start of the lockdown. Like many others, his savings dried up in June, after which he started looking for easier credit from digital lenders. The application was relatively straightforward – just an …

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Booming securitized loan market echoes financial crisis, BIS warns

LONDON (Reuters) – Lending standards in the rapidly growing lending market are deteriorating and complex financial products that mask risks for banks have parallels with preparation for the 2008 financial crisis, the Bank of international regulations. The headquarters of the Bank for International Settlements (BIS) can be seen next to …

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