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Financial institutions


Journalist The government has decided to extend the loan deferral mechanism for one year until June 2022. A press release from the Prime Minister’s Office (PMO) said that given the continued impact and uncertainties posed by the pandemic, all loans sanctioned as of June 30, 2020 would be eligible for postponement. However, financial service providers …

Comments from financial institutions, businesses, insolvency practitioners and other stakeholders are sought with respect to ADR. The Financial Stability Board (FSB) is seeking feedback from stakeholders as part of its thematic peer review on corporate debt restructuring. The aim of the review is to support Covid-19 response efforts by examining the practices, experiences and lessons …

Image used for illustration purposes only. Image Credit: Shutterstock Dubai: If you miss your credit card or loan payment in the UAE, not only can you get uncomfortable calls from debt collectors, but you may also face a criminal and civil case filed by your bank or financial institution. But how does a bank approach …

The extensions will help Singaporeans continue to acquire sought-after skills and encourage financial institutions and fintechs to retain and improve the capacities of their staff. The MAS (Monetary Authority of Singapore) and the IBF (Institute of Banking and Finance) have announced the extension of enhanced training support measures for the financial sector until July 1, …

The Swiss National Bank (SNB) has no plans to introduce a central bank digital currency (CBDC), according to a report in the Swiss business weekly Handelszeitung. At a recent press conference organized by the Swiss Bankers Association, SNB chief economist Carlos Lenz announced that a digital franc was not needed because the current payment system …

The partnership will allow faster integration of the Upstart platform into the existing services of financial institutions that already use NXTsoft’s APIs. Upstart shares closed 4.6% higher on Wednesday. (See Upstart stock chart on TipRanks) Upstart helps consumers get personal loans by connecting them to its banking and credit union partners. It uses variables such …

How to apply for an installment loan without a credit check

With installment loans no credit check Canada-based, monthly payments are usually fixed amounts, so there are no variations from month to month. This way the debtor knows exactly how much to budget to meet their payment obligations. In addition, before applying for a loan, it is essential that the applicant knows his personal financial situation, …

Subscribe to The Financial Brand FREE by email! Ultimately, a brand is a distilled, concise expression of who you’ve always been central to your cultural DNA. Every institution is different, and maintaining and celebrating these differences is what makes a brand stand out. Going with the flow when refreshing a brand makes the process feel …

The memorandum calls for more resources, legislation, and interagency and cross-border coordination to significantly strengthen anti-corruption law enforcement in the United States. On June 3, 2021, President Biden released a memorandum declaring anti-corruption efforts “a fundamental interest of the national security of the United States” and announcing a plan to “significantly strengthen” anti-corruption enforcement. While …

Amazon, Facebook, Tesla and Berkshire Hathaway are not communicating climate change data to their shareholders, according to a coalition of prominent investors, which demands that 1,320 companies make clearer disclosures about environmental risks. Fears that climate change could cause catastrophic environmental damage are fueling demands from institutional investors and regulators for companies to step up …