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For Chime Financial, direct deposit is proving to be the underwriting and repayment infrastructure for a growing lending business. That connection was clear in second-quarter results released after the markets closed Wednesday (Aug. 5). Instant Loan originations rose nearly 70% from the prior quarter to $300 million, aided by automatic prequalification for qualifying Chime Prime…
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Referee-flagged tenancy fraud increased by 78% year-on-year between 2024 and 2025, while the overall number of confirmed fraud cases rose by 49.4% over the same period. The data from Goodlord showed that employment fraud is growing faster than any other category, with fake employment references increasing by 226.6% between 2024 and 2025. Furthermore, cases…
7:00 AM, 6th August 2026, 2 minutes ago A significant change has now taken effect for landlords and other business owners transferring a qualifying business to a company. For transfers completed on or after 6 April 2026, Incorporation Relief under Section 162 TCGA 1992 no longer applies automatically. Instead, each relevant transferor must actively claim…
Krea USA nabbed a $61.8 million construction loan for a multifamily development in Lauderhill, Fla., property records show. The financing from Abanca Bank covers the 385-unit Le Parc at Lauderhill development, at 3831 Northwest 13th Street, just east of the Lauderhill Mall and North State Road 7. SEE ALSO: Blue Owl Capital Provides $106M to…
Follow AbCellera Biologics Inc. (ABCL) Q2 2026 Earnings Call August 5, 2026 5:00 PM EDT Company Participants Tryn Stimart – Chief Legal Officer, Chief Compliance Officer, Corporate Secretary & Privacy OfficerCarl L. Hansen – CEO, President & ChairpersonAndrew Booth – Chief Financial Officer Conference Call Participants Steven Seedhouse – Cantor Fitzgerald & Co., Research DivisionSrikripa…
Someone buying their second home can sometimes qualify as a first-time homebuyer. Someone who has never purchased a home can sometimes fail to qualify. That apparent contradiction is the result of Canada’s patchwork of first-time homebuyer programs, each with its own eligibility rules. Depending on the program, what matters may be whether you owned a…
Key takeaway: Industry advocates believe the proposed rule changes are game-changers that could result in the formation of new mutuals, while also convincing some credit unions to consider switching charters. Forward look: The Federal Reserve is accepting comments on the proposed changes through Oct. 5. Expert quote: “This is smart regulation and largely well thought-out,”…
The Reserve Bank of India’s (RBI) six-member monetary policy committee (MPC) has unanimously kept the repo rate unchanged at 5.25 per cent for a fourth straight meeting, while maintaining its neutral stance. Economists described the latest policy tone as dovish, and said they do not expect any rate hike this financial year. Although…
Temasek-backed Milky Mist Dairy Food has set the price band for its initial public offering (IPO) at Rs 133-140 per share. The Rs 1,553 crore public issue will open for subscription on August 11 and close on August 13, while the anchor investor portion is scheduled to open on August 10. Retail investors can apply…