LendingClub cuts approval rates for high-risk borrowers as coronavirus spreads

FILE PHOTO: A LendingClub banner hangs on the facade of the the New York Stock Exchange in New York, New York, United States December 11, 2014. REUTERS/Brendan McDermid/File Photo... Read more »

Prophet Capital to dissolve hedge fund amid ‘extreme volatility’

BOSTON (Reuters) – Prophet Capital Asset Management LP, an investor in loans and structured credit securities hit by recent market turmoil, plans to temporarily block withdrawals from one of... Read more »

RBC to launch U.S. consumer bank betting on wealthy clients

(Reuters) – Royal Bank of Canada plans to open a consumer bank in the United States early next year targeting wealthy clients, with the aim of expanding deposits, its... Read more »

U.S. farm bankruptcies hit an eight-year high: court data

CHICAGO (Reuters) – U.S. farm bankruptcy rates jumped 20% in 2019 – to an eight-year high – as financial woes in the U.S. agricultural economy continued in spite of... Read more »

Boeing seeks to borrow $10 billion or more amid 737 MAX crisis: source

WASHINGTON (Reuters) – Boeing Co (BA.N) is in talks with banks about borrowing $10 billion or more amid rising costs for the U.S. planemaker after two crashes involving its... Read more »

Australia-listed Sezzle fails to win California lending license, shares dive

(Reuters) – California rejected Sezzle Inc’s (SZL.AX) request for a lending license, dealing the recently listed buy-now-pay-later firm a big blow weeks after bigger rival Afterpay (APT.AX) got a... Read more »

California department to reject Sezzle’s application for lending license in state

(Reuters) – Buy-now-pay-later company Sezzle Inc (SZL.AX) said on Thursday a U.S. government department had announced its intention to reject the company’s application for a lending license in the... Read more »

U.S. SEC proposes allowing more investors access to private companies

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy... Read more »

Argentina’s new government hikes export taxes on disgruntled farmers

BUENOS AIRES (Reuters) – Argentina’s new government has hiked export levies on soy, wheat and corn, according to an official decree on Saturday, hitting farmers in the grains exporting... Read more »

Argentine President-elect Fernandez holds call with Trump

FILE PHOTO: Argentina’s President-elect Alberto Fernandez looks on as he attends the oath of office of Tucuman Governor Juan Manzur, in San Miguel de Tucuman, Argentina October 29, 2019.... Read more »