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Digital lenders

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Last Updated: Just Now
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Automotive, EVs & Mobility Just now (09:17 PM IST)

Bigger Personal Loans Lift Digital Lendersโ€™ Books 28% as Outstanding Accounts Slip

Indiaโ€™s digital lenders posted a 28% jump in personal-loan portfolios over the past year, even as the number of outstanding accounts edged down to 5.64 crore, signalling that borrowers are taking larger loans rather than more loans. New sanctions rose 50%, underscoring resilient demand from younger customers and borrowers with thin credit histories.

By RDU Global Wire4 min read
Commodities, Energy & FX2h ago

U.S. and Argentina Launch Andes-Atlantic Corridor to Rewire Trade, Energy and Critical-Mineral Flows

The United States and Argentina have unveiled the Andes-Atlantic Corridor, a sweeping infrastructure initiative designed to connect Argentina's mineral-rich northwest and Vaca Muerta energy basin to Atlantic ports and Western markets. Announced on the margins of the U.N. General Assembly High-Level Week, the project is being framed as the first Partnership for Global Infrastructure and Investment corridor in the Western Hemisphere and a major test of U.S.-Argentine economic integration. The plan aims to unlock billions in investment across rail, pipelines, ports, power and digital networks, while supporting exports of lithium, copper, oil and gas. It also aligns with Argentina's reform agenda and could draw financing from U.S. agencies including EXIM and the DFC, alongside private capital.

6 min readRead โ†’
Global Economy & Central Banks6h ago

Federal Reserve Clears Peoples Bancorp's Purchase of Citizens National, Expanding Ohio Lender's Kentucky Footprint

The Federal Reserve Board has approved Peoples Bancorp Inc.'s application to merge with Citizens National Corporation and indirectly acquire Citizens Bank of Kentucky, Inc., marking a significant regional banking expansion for the Marietta, Ohio-based lender. The decision also authorizes Peoples Bank to merge with Citizens Bank of Kentucky and operate branches at the Kentucky bank's existing locations, extending Peoples' presence deeper into eastern Kentucky.

6 min readRead โ†’
Global Economy & Central Banks8h ago

Federal Reserve Approves FS Bancorp's Bid to Merge With Pacific West Bancorp

The Federal Reserve Board has approved FS Bancorp Inc.'s application to merge with Pacific West Bancorp, clearing the way for the Mountlake Terrace, Washington-based company to indirectly acquire Pacific West Bank in West Linn, Oregon. The decision marks a significant step in a regional banking consolidation that could reshape the footprint of the combined institution across the Pacific Northwest.

4 min readRead โ†’

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