US consumer watchdog plans to regulate ‘buy-now, pay-later’ companies

Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, DC, US, August 29, 2020. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Sept 15 (Reuters) – The US Consumer Financial Protection Bureau (CFPB) plans to start regulating “buy-now, pay-later” (BNPL) companies like Klarna and Affirm Holdings (AFRM.O) due … Read more

Singapore outlines financial services overhaul with an eye on green finance boom

A view of the Monetary Authority of Singapore’s headquarters in Singapore June 28, 2017. Picture taken June 28, 2017. REUTERS/Darren Whiteside/File Photo Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 15 (Reuters) – Singapore announced plans on Thursday to overhaul its financial services industry by 2025 in a bid to cement its … Read more

Mexican Unifin’s debt restructuring is negative for other financial companies, Moody’s says

Signage is seen outside the Moody’s Corporation headquarters in Manhattan, New York, US, November 12, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Aug 12 (Reuters) – Mexican leasing firm Unifin’s debt restructuring is credit negative and could reflect tight refinancing conditions for Mexican financial institutions, Moody’s rating agency … Read more

India’s Bajaj Finance jumps most in two years as profit tops estimates

BENGALURU, July 28 (Reuters) – Shares of Bajaj Finance (BJFN.NS) on Thursday surged 10%, the most in more than two years, after the non-bank lender’s quarterly profit blew past estimates on strong customer additions and lower bad loans provisions. The company on Wednesday said its profit more than doubled to 25.96 billion rupees ($325.37 million), … Read more

Indian shares rise as Bajaj Finance, L&T jump on strong results

A man wearing a protective mask walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 13, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, July 27 (Reuters) – Indian shares rebounded on Wednesday after a shaky start to the week, closing 1% higher, as Bajaj Finance and … Read more

Provident Financial returns to interim profit as wind-down costs fall

Provident Financial Group logo is seen on a smartphone in front of displayed stock graph in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – British subprime lender Provident Financial (PFG.L) returned to interim profit on Wednesday, as costs related to the wind-down … Read more

Finland’s Nordea posts higher profit amid economic uncertainty

Nordea bank sign is seen in Copenhagen, Denmark October 22, 2019. REUTERS/Andreas Mortensen Register now for FREE unlimited access to Reuters.com Register Q2 core earnings 1.36 billion eur vs 1.34 bln a year earlier CEO sees volatility and uncertainty in coming quarters Analyst expects rate hikes to shield profitability HELSINKI, July 18 (Reuters) – Finland’s … Read more

Zip-Sezzle BNPL deal falls through as rising rates hit consumer finance firms

Zip logo is seen on a smartphone in front of displayed same logo in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register July 12 (Reuters)-Australian buy-now-pay-later (BNPL) firm Zip Co Ltd dropped its plan to buyout US rival Sezzle Inc, the companies said on Tuesday, … Read more