Swiss Re H1 profit drops by a third, prices keep falling in July

by | Aug 4, 2017 | Bad Credit Loans, Bank Lending, Bureau of Labor Statistics, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

Swiss Re, the world’s second-largest reinsurer, wrote 10 percent less business during the July property and casualty contract renewal season as rates continued to decline, albeit at a slowing pace, it said on Friday. First-half net profit fell 35 percent to $1.2...

The worst appears to be over for banks in one of the world’s major financial hubs

by | Aug 4, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

The latest report cards from Singapore three home-grown lenders reinforced expectations that the banking sector in one of the world’s primary financial centers has seen its worst. Loan growth was strong, wealth management income expanded and fewer new bad loans...

‘Why would you want to live in Britain?’: UK businesses fret over finding workers post-Brexit

by | Aug 4, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

Britain was recently found to be the most attractive place to relocate among EU workers – according to a Deloitte survey published at the end of June – thanks, in large part, to the country’s cultural diversity and promising job prospects. The...

Man who stopped massive WannaCry cyberattack is arrested for allegedly creating a banking virus

by | Aug 4, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

The man who stopped the recent global cyberattack known as WannaCry has been arrested for allegedly creating a virus of his own that aimed to steal peoples’ banking details online. Marcus Hutchins, who is also known as Malwaretech, was indicted on six counts...