Allianz forms JV with LV= to create 3rd largest British P&C insurer

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

German insurance titan Allianz said on Friday that it had agreed to create a joint venture and strategic partnership with British insurer LV= to form the third-largest property and casualty insurance company in the UK. Allianz will pay 500 million pounds ($657.35...

Toyota to take 5 percent stake in Mazda, jointly build $1.6 billion U.S. plant

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

TOKYO (Reuters) – Japanese automakers Toyota Motor Corp and Mazda Motor Corp announced on Friday they will build a $1.6 billion U.S. assembly plant as part of a new joint venture, while Toyota will take a 5 percent stake in its smaller rival. The plant, which is...

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...