Exclusive Australian banks ease mortgage standards as property market cools

Exclusive Australian banks ease mortgage standards as property market cools

SYDNEY (Reuters) – Two of Australia’s biggest banks have quietly eased some of their mortgage lending standards amid a slump in the property market, despite calls for caution by authorities in recent months. Banks are now becoming less conservative when calculating expected rental income when evaluating loan applications, four sources said. This change will increase … Read more

UK to provide loans to countries most vulnerable to climate change

UK to provide loans to countries most vulnerable to climate change

LONDON, Nov 8 (Reuters) – Britain’s Treasury on Thursday released new loans to help countries most vulnerable to the effects of climate change, including options to defer debt repayments in the event of a catastrophe. announced plans to offer The country’s export credit agency, UK Export Finance (UKEF), will provide such loans to low-income countries … Read more

LeBron creditors to contest 2020 loan deal

LeBron creditors to contest 2020 loan deal

(Reuters) – Some of Revlon’s creditors have asked a U.S. bankruptcy judge in Manhattan to roll back the bankrupt cosmetics giant’s 2020 loan restructuring. Creditors, including Brigade Capital and Nuveen Asset Management, said in court filings late Monday that LeBron’s bankruptcy proceedings had a huge stake based on “fake” loan deals that took place in … Read more