Starling Bank turns a profit on mortgage loan growth

Starling Bank turns a profit on mortgage loan growth

British digital bank Starling has reported its first annual profit after breaking into the mortgage market with a series of portfolio acquisitions. The app-based bank posted a pre-tax profit of £32.1mn for the year to the end of March, reversing a £13.7mn loss in the same period a year earlier. Revenues were boosted by the

Brazilian soccer club welcomes first Argentinian crypto signing amid economic downturn

Brazilian soccer club welcomes first Argentinian crypto signing amid economic downturn

Argentina’s economic restrictions have reached the sports industry, with the first signing of a local football player with cryptocurrencies hitting national headlines. The transfer of midfielder Giuliano Galoppo from Banfield’s Athletic Club to Sao Paulo Futebol Clube was made in USD Coin (USDC), exceeding $6 million and up to $8 million depending on the volatile

China’s mortgage boycotts spread online with billions in home loans at stake

China’s mortgage boycotts spread online with billions in home loans at stake

Hundreds of thousands of homebuyers in at least 80 Chinese cities are refusing to pay their mortgages as property developers struggle to complete their building projects, signalling a new era of turbulence for China’s continued real estate crisis.  As of July 12, homebuyers in 22 Chinese cities had threatened to stop their mortgage payments over

CAF Financial Inclusion Lab 2022 opens its call for applications | Atalayar

CAF Financial Inclusion Lab 2022 opens its call for applications | Atalayar

CAF -development bank of Latin America- is organising the fourth edition of the Financial Inclusion Lab (LIF 2022) focused on finding digital solutions for the financial inclusion of women, with the aim of promoting the generation of technological solutions in the following areas:  – Solutions to improve women’s financial education and capabilities. – Solutions with financial

Cement shortage hardens business opportunities for Nicholasville company

U.S., Japan to cooperate on semiconductors as part of new economic dialogue

WASHINGTON, July 29 (Reuters) – The United States and Japan launched a new high-level economic dialogue on Friday aimed at pushing back against China and countering the disruption caused by Russia’s invasion of Ukraine. The two long-time allies agreed to establish a new joint research center for next-generation semiconductors during the so-called economic “two-plus-two” ministerial

Manufacturing center for affordable housing to be built in Eugene | News

Manufacturing center for affordable housing to be built in Eugene | News

EUGENE, Ore. — An old warehouse in Eugene will be used to build affordable homes for the entire state. “The purpose of this building is to go ahead and develop a manufacturing facility for single- and double-wide mobile homes,” said Terry McDonald, Executive Director of St. Vincent de Paul. McDonald said it will be used

FACT SHEET: Biden-Harris Administration Advances Equity And Economic Opportunity Through Federal Procurement And State And Local Infrastructure Contracting

FACT SHEET: Biden-Harris Administration Advances Equity And Economic Opportunity Through Federal Procurement And State And Local Infrastructure Contracting

Administration Announces Record Contract Spending on Small Disadvantaged Businesses and New Steps to Create Contracting Opportunities for Disadvantaged Businesses through the Bipartisan Infrastructure Law  The Federal Government is the largest consumer of goods and services in the world, spending roughly $600 billion each year. Thanks to President Biden’s Bipartisan Infrastructure Law , states, territories, Tribes,

Mortgage demand hits 22-year low as loan applications continue to drop

Mortgage demand hits 22-year low as loan applications continue to drop

Tom Rood, SitusAMC Managing Director, discusses the increased costs of building a home and buying in the current real estate market Mortgage applications decreased last week, the third week in a row, as they now sit at the lowest level since 2000, according to a new survey. On Wednesday, the Mortgage Bankers Association (MBA) released

Cheap And Functional Mobile Phones, Affordable Internet Access, Necessary For Digital Finance In Developing Economies – World Bank

Cheap And Functional Mobile Phones, Affordable Internet Access, Necessary For Digital Finance In Developing Economies – World Bank

The president of the World Bank, David Malpass, has disclosed that cheap and functional mobile phones as well as affordable internet access are necessary for the expansion of digital finance in developing economies. He disclosed that the covid-19 pandemic influenced a digital revolution that has catalyzed the increase in access to and use of financial