Loan

How Did FOEIS Achieve Its Recent Credit Rating Upgrade?
Lending & Investment How Did FOEIS Achieve Its Recent Credit Rating Upgrade?

The recent upgrade of the FAIR Oil & Energy Insurance Syndicate's (FOEIS) credit ratings by AM Best marks a significant achievement. This improvement saw FOEIS' Financial Strength Rating rise from B+ (Good) to B++ (Good) and its Long-Term Issuer Credit Rating jump from “bbb-” (Good) to

DeFi Surges as CeFi Falters: Crypto Lending Market Recalibrates
Blockchain & Cryptocurrency DeFi Surges as CeFi Falters: Crypto Lending Market Recalibrates

The cryptocurrency lending landscape has undergone a dramatic transformation, highlighting the contrasting paths of centralized finance (CeFi) and decentralized finance (DeFi) from their peaks to the end of 2024. The total crypto lending market contracted by over 43%, from $64.4 billion in 2021 to

GXS Bank Acquires Validus Capital, Expands SME Financing Solutions
Trends & Innovation GXS Bank Acquires Validus Capital, Expands SME Financing Solutions

GXS Bank, a digital bank backed by Grab Holdings and Singtel, has acquired Validus Capital. The acquisition, approved by the Monetary Authority of Singapore and completed on April 15, is the first of its kind in Singapore, marking a digital bank acquiring another financial entity. Validus Capital,

NAB Slashes Home Loan Rates Amid Economic Forecasts of RBA Cuts
Lending & Investment NAB Slashes Home Loan Rates Amid Economic Forecasts of RBA Cuts

National Australia Bank (NAB) has made a significant move by slashing its fixed-rate home loans amid economic forecasts suggesting imminent cuts in the Reserve Bank of Australia's (RBA) cash rate. NAB reduced its advertised fixed-rate home loans to 5.39% p.a. (6.30% p.a. comparison rate) for

Can Divorcees Avoid Credit Damage From Joint Mortgages?
Lending & Investment Can Divorcees Avoid Credit Damage From Joint Mortgages?

Divorce poses numerous challenges, one of the most critical being the potential for severe credit damage due to jointly held mortgages. Thousands of divorcees in the US have received a stark warning about the financial pitfalls of joint mortgages, particularly when ex-spouses struggle to meet

Can CBA’s New HECS Policy Open Doors for Young Home Buyers?
Lending & Investment Can CBA’s New HECS Policy Open Doors for Young Home Buyers?

Commonwealth Bank of Australia's (CBA) recent policy change to ease restrictions on Higher Education Contribution Scheme (HECS) debts in home loan assessments has generated significant interest. This move aims to assist young individuals burdened by student debt to qualify for home loans, a

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