BusinessvolumeofChina'speer-to-peer(P2P)onlinelending,thoughrecoveredmoreorlessonamonthlybasis,waslessthantheyear-earlierlevelinMarchfollowingincreasedregulatio
SharesofICICIBank,India’sthird-largestlender,plunged7percenttoafive-monthlowonMondayaftermediareporteditslendingpracticeswerethesubjectofapoliceinvestigation.IC
TheBeijingInternetFinanceAssociationhasorderedP2Ponlinelenderswhoareengagedincashloanstocheckinwiththeassociation,andkeepinterestratesbelow36%,ThePaperreported.
KabbageInc,aU.S.onlinelenderforsmallbusinesses,saidonThursdayithadraised$250millioninequityfundingfromSoftBankGroupCorp(9984.T),thelatestfintechinvestmentbytheJ
Outstanding peer-to-peer (P2P) loans in China soared 153.5 percent year on year to hit a record high at the end of September, a latest industry report showed.
China issued a regulation on Wednesday to toughen its control of peer-to-peer lending companies, thus cracking down on illegal fundraising activities through such platforms and preventing financial risks.
Australia's largest financial services group AMP announced changes to its lending practices on Monday.
Chinese authorities released a draft of new rules on Monday that tighten regulation of peer-to-peer (P2P) lending.
Peer-to-peer lending is now China's third most popular choice for investments of less than 500,000 yuan ($77,150), according to a new survey.
China's new yuan-denominated lending is expected to increase in the next several months, according to Li Daokui, an economist at Tsinghua University.
PPDai, one of China's largest P2P online lending platforms, on Wednesday announced the completion of its series B financing round led by Lightspeed China Partners.
Zhang Yutang has made several trips to Xiaogan City of central China's Hubei Province hoping to get back the 300,000 yuan (48,300 U.S. dollars) he invested in a peer-to-peer lending program. The businessman from east China's Zhejiang Province has always returned empty-handed.
The Bank of Japan decided Tuesday to keep its ultra-loose monetary policy unchanged, while boosting loan support to encourage lending.
The International Monetary Fund (IMF) has warned that the Australian housing market could "overshoot" due to recent jump in house prices and growing investor expectations.
China's central bank on Friday announced the launch of Loan Prime Rate (LPR), a new benchmark lending rate for commercial banks designed to make interest rates more market-oriented.
China's interest rate reforms entered a new stage as central bank governor Zhou Xiaochuan said that the country is ready to free deposit interest rates.
China's removal of lending rate control is a key step in interest rate liberalization, but it has a principally symbolic meaning and its practical impact on bank behavior is limited, experts have said.
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