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Borrowers most affected by decline in total income
PETALING JAYA: Bank Negara, in a series of studies and tests to assess the financial health of borrowers, has outlined three scenarios that would impact a borrower’s debt-repayment capacity.
Japan banking giants wooing overseas borrowers
TOKYO: Japan’s banking titans are hiring Spanish-speaking bankers to win new business in Latin America and handing out loans to junk-grade borrowers in the United States as they probe deeper overseas to fight meagre returns at home.
US student loan servicer Navient sued for cheating borrowers out of billions of dollars
WASHINGTON: The largest U.S. student loan servicer, Navient Corp, cheated borrowers out of billions of dollars, often by deceiving them about repayment options and their legal rights, the U.S. consumer financial watchdog said on Wednesday as it announced a lawsuit against the company.
Citigroup to help at-risk borrowers stay in homes
NEW YORK (AP) - Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers remain in their homes - making Citi the latest big bank to announce sweeping efforts to try to curtail losses from souring mortgages.
Borrowers wanted: Banks have cash but few clients
Billions of federal bailout dollars are flooding the financial system, credit markets are loosening and many banks say they are ready to lend. But a crucial piece needed to solve the credit crisis is still missing: borrowers.
PTPN borrowers listed in CCRIS can buy first home, Bank Negara says
MELAKA: National Higher Education Fund Corporation (PTPTN) borrowers who have been listed in the Central Credit Reference Information System (CCRIS) have no problems getting a bank loan to buy their first home, says Bank Negara Malaysia.
Asia-Pacific borrowers warned of rising refinance risks
HONG KONG: Credit conditions for Asia-Pacific borrowers could become less favourable in the coming years, raising refinancing risk as weak commodities and slow growth take their toll against the backdrop of a strong dollar, rating agency Standard & Poor’s warned.
BPM borrowers start repayment
MICRO-CREDIT scheme borrowers who took their loans through Bank Pertanian Malaysia have begun making repayments although the scheme is just three weeks old.
Small borrowers loans up
LOANS of RM500,000 and below extended by the banking system to small borrowers registered notable increase, accounting for 53% of total loans outstanding as at end of December last year compared with 48% a year earlier, Bank Negara said.
Nazir: Malaysian banking system conducive to borrowers
KUALA LUMPUR: The Malaysian banking system is facilitative to borrowers and in fact, one of the most supportive in the world, according to CIMB Group chief executive Datuk Seri Nazir Razak.
