As regulators increase their scrutiny of non-bank lenders, Canada’s alternative lenders are looking to ensure borrowers, brokers and especially regulators understand their distinction from private lenders. Dan Nguyen, Executive Director, CAMLA The Canadian Alternative Mortgage Lenders Association (CAMLA) laid out those differences in a recently published position paper intended to clear any confusion. “Our alternative…
Egypt’s banking sector is entering a new phase of digital competition, as incumbent lenders prepare standalone digital platforms designed to reach a larger, younger and increasingly connected customer base. The shift follows several years of rapid fintech growth, during which digital payments, lending platforms and embedded financial services have helped extend access beyond traditional banking channels. Now,…
Roshan Chutkey, fund manager at ICICI Prudential AMC overseeing schemes worth ₹48,450 crore, believes India has entered what he calls a “moderate-return environment” — the reasoning behind the newly launched ICICI Prudential Balanced Hybrid Fund, whose NFO is open for subscription July 14, investing 40-60% each in equity and debt. In this interview with ET…
The Swedish clothing retailer is in the middle of an optimization plan that involves shuttering stores across its brands, with more to come in 2026.
Shawbrook improved its bridging proposition by increasing the maximum loan to value (LTV) on eligible commercial bridging loans up to 75%. The increased LTV gives brokers greater flexibility to support clients needing higher levels of funding for purchases or refurbishments. It builds on the recent developments of Shawbrook’s bridging proposition, which has included higher…
Present Committee members: David Roberts, ChairAndrew Bailey, GovernorSarah Breeden, Deputy Governor – Financial StabilityClare Lombardelli, Deputy Governor – Monetary PolicySir Dave Ramsden, Deputy Governor – Markets & BankingSam Woods, Deputy Governor – Prudential RegulationJonathan BewesSabine ChalmersLord Jitesh GadhiaDame Anne GloverDiana NobleTom Shropshire In attendance: Sarah John, Chief Operating Officer Secretary: Sebastian Walsh, Secretary of the…
How should a retail borrower navigate all these options? The good news is that consumers today have access to more information than ever before. There are numerous digital tools, educational resources, and financial platforms that can help individuals better understand credit products and compare available options. Credit bureaus also play an important role by enabling…
Sharing is caring — at least that’s what has been drilled into our minds. And for the most part, it’s true. However, if you’re contemplating making the ultimate step in sharing — adding someone to the deed on your home — it’s a good idea to consider the consequences. It’s important to understand that when…
Utah’s Security Home Mortgage and its parent company, Capital Community Bank, announced a strategic rebranding of their businesses to unify the financial institution under a single identity. Processing Content Beginning Aug. 17, the businesses will be known as Accordia Mortgage and Accordia Bank. Corporate leaders said the decision was driven by the company’s growth and…
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