Indiabulls Housing to cut risk, grow co-lending in new avatar
Indiabulls Housing Finance is preparing for a new life with a planned $250 million capital raise, new identity, and scaled down ambition after founder-chairman Sameer Gehlaut stepped down following a…
Rupee poised to extend rally on soft dollar index, positive risk mood
The Indian rupee is expected to open higher versus the U.S. currency on Monday, building on last week’s rally, helped by the pullback in the dollar index and U.S.…
Unusual $828 Billion Loan Market Magnifies Housing Risk in Korea
(Bloomberg) — South Korea’s property market risks an accelerated slide triggered by quirks in renting practices, an outcome that would put its sputtering economy under more pressure and test the…
FOREX-China reopening hopes lift risk sentiment ahead of Fed minutes
By Tom Westbrook SINGAPORE, Jan 4 (Reuters) – The euro steadied on Wednesday and riskier currencies bounced, lifted by optimism that China’s eventual emergence from COVID restrictions helps growth, while…
Climate Risk Management vs. Community Development Lending: NYDFS Wants Its Banks and Mortgage Companies to Do Both | Perspectives & Events
On December 21, 2022, the New York Department of Financial Services (“NYDFS”) proposed guidance for how the banks and mortgage institutions it regulates (“New York Institutions”) should manage climate-related financial…
The many faces of financial exclusion in the developed markets & who is at risk
This article provides an overview of the root causes of financial exclusion in the developed economies and the implications for those at risk Who is financially excluded? When it comes…
Rising rates and cooling market increase financial risk of home renovations
Hillary and Andrew Strack-Cheng with their kids Leland and Juniper in their home on June 22.Cole Burston/The Globe and Mail Home renovations can be unpredictable and anxiety-laden at the best…
Interbank lending gets major boost as Tradeclear platform covers risk
Deal signed to boost interbank trade within the country The program is voluntary and is based on the informed assessment and judgement of the participating financial institutions Kampala, Uganda |…
Uganda: Interbank Lending Gets Major Boost As Tradeclear Platform Covers Risk
Kampala, Uganda — Fifteen Ugandan banks have signed onto the TradeClear platform to ease and boost interbank trade within the country. TradeClear is an interbank trading platform managed by financial…