Propell Expands Its Loan Facility to $7.5 Million as It Aims to Increase Its Lending Book
Propell Holdings (ASX:PHL), an Australian financial platform, is looking to expand its lending platform after increasing the company’s existing wholesale capacity. The facility, held with existing provider Altor Capital Management, will be increased by 50% ... [Read]
Bank of Canada Increases key rate by full percentage point to 2.5%
The Bank of Canada upped its policy rate by 100 basis points to 2.5% on Wednesday, exceeding the 75 basis point increase forecast, and is continuing its quantitative tightening as it fights to contain inflation. ... [Read]
Credit Clear Notch Maiden Profit, Expects More In FY23
Credit Clear (ASX: CCR), an Australian receivables management solution company, has achieved a strong maiden profit after recording a revenue of $3.03 million in May. This was a massive achievement for the management solution provider ... [Read]
Finance Platform Propell Announced May as Its Best Month, Set for Six Straight Quarters of 30PC Growth
Australian finance platform Propell Holdings (ASX: PHL) delivered a record May after growing its customer base and lending to record levels. Last month, Propell passed 2,000 customers on its platform, a 20.1% increase in Q3 ... [Read]
Brookfield Reinsurance Completes $5.1 Billion Acquisition of American National
Brookfield Reinsurance (TSX; BAMR), an asset management company in Canada, has finally completed the acquisition of American National in an all-cash transaction valued at approximately $5.1 billion. Under the transaction terms, Brookfield Reinsurance acquired all ... [Read]
Scotiabank and BMO Beat Earnings Forecasts, Hike Dividends
Scotiabank (TSX:BNS)(NYSE:BNS) and Bank of Montreal (TSX:BMO)(NYSE:BMO) kicked off Canadian big bank’s second-quarter results on Wednesday with better-than-expected earnings, which were helped by lower provisions for credit losses and continued loan growth. Mortgage growth and ... [Read]
Title Insurance: An Unknown Necessity
According to wealthymillionaire.com, title insurance is essentially a fee that must be paid at closing when a mortgage is being taken out. This type of insurance is a one-time charge premium designed to protect the ... [Read]
A Beginner’s Guide to Personal Loan Deferment
Having a diversified credit portfolio is an important part of improving and maintaining your credit score. This means having different kinds of credit and debts, often including personal loans. But what if you can’t make ... [Read]
Western Union, Producers Bank Expand Pact to Serve Filipinos
Western Union Co. WU has renewed its relationship with Producers Savings Bank Corporation, which is based in the Philippines. With this deal extension, customers in the Southeast Asian country will continue to gain access to ... [Read]
Best Blue Chip Dividend Stocks for June 2020
Lately, we’ve been profiling industry-specific stocks like gold and tech. These are reliable choices, but let’s take a step back and look at objective winners: the blue chip stocks. Investors interested in getting their share ... [Read]