In 2023, the SBA cut lending fees to expand access to borrowers. Now it’s losing money on its flagship program.

Defaulted loans in the country’s banking sector reached a record Tk 345,765 crore at the end of 2024 as toxic loans increased ...

Defaulted loans in the country’s banking sector reached a record Tk 3,45,765 crore at the end of 2024 as toxic loans ...

Non-performing assets in the microfinance sector soared to ₹50,000 crore at the end of December, reaching a 13% ratio of ...

(Reuters) -National Bank of Canada on Wednesday set aside larger than expected reserves for bad loans, signaling challenges ...

Global rating agency Fitch expects the new Ksh10 billion ($77.51 million) core capital requirements for Kenyan banks to help ...

The Bangladesh Bank governor said the rise in NPLs is largely due to a long-standing lack of transparency in reporting bad loans and changes in loan classification policies ...

The Federal Mortgage Bank of Nigeria has posted an operational surplus of ₦11.5 billion for the 2024 financial year—the first ...

Earned wage access is shaping up to be the most divisive financial product in decades as industry trade groups and consumer advocates spar over whether EWA should be classified as credit in order to ...

Ahmedabad: A 29-year-old store owner from Vejalpur was fatally beaten by several men following a financial dispute involving ...