Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian.Frank Rumpenhorst | picture alliance | Getty ImagesCompany: Elanco Animal Health Inc. (ELAN)Business: Elanco is an…
RBI asks banks not to open current accounts…
With a view to improve credit discipline, the Reserve Bank on Thursday barred banks from opening current accounts for customers who have availed cash credit or overdraft facilities, stressing that there is a "need for…
JPMorgan Chase partners with fintech start-up Marqeta to…
A smart phone with the icons for the J.P. Morgan apps.Christopher Wong | S3studio | Getty ImagesJPMorgan Chase is ditching plastic for some of its credit cards. The Wall Street giant's commercial cards team is partnering with…
Credit complaints to federal consumer agency have spiked…
Rob Daly | OJO Images | Getty ImagesHouseholds aren't too happy with the U.S. consumer financial ecosystem these days, a report suggests.Complaints made to the federal Consumer Financial Protection Bureau were up 50% from March…
Credit card industry reins in balance-transfer offers as…
Getty ImagesBanks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans.Balance transfer offers, which typically entice borrowers to move their debt…
Bank credit grows 6.24 percent, deposits rise 11.28…
MUMBAI: Bank credit and deposits grew 6.24 per cent and 11.28 per cent to Rs 102.54 lakh crore and Rs 139.55 lakh crore, respectively, in the fortnight ended June 5, according to the latest data…
Amazon unveils small business credit line with Goldman…
Amazon is introducing a new digital credit line for U.S.-based merchants with partner bank Goldman Sachs, CNBC has learned exclusively.Small business owners who sell items on the e-commerce giant's platform will soon be receiving targeted…
India’s credit rating cut puts it one step…
By Anirban Nag and Rahul SatijaIndia’s credit rating moved one step closer to junk after Moody’s Investors Service downgraded the nation to the lowest investment grade level and surprised economists by keeping it on a…
Microfinance lenders aim at repayment collection, restoring credit…
KOLKATA: Microfinance firms and small finance banks are desperately looking to boost repayment collection to revive cash flow and resume loan disbursement to restore normalcy in credit cycle even as the Reserve Bank of India…