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...But, as with all things in financial services, the hand that giveth is the hand that takes away....
...For Citi, part of the appeal of the new licence is that it would enable it to pitch its services as an onshore underwriter and a full-service bank to clients of its corporate and commercial bank on the mainland...
...The message from specialist lenders, analysts and mortgage brokers was “nothing to see, move along now”. But by the autumn of 2023, the woes of Generation Rent had become a hot topic for the UK media....
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...The lawsuit underscores intensifying competition for talent among traditional lenders racing to expand in the fast-growing $1.7tn private credit market....
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...A version of this article was first published by Nikkei Asia on December 18. ©2023 Nikkei Inc. All rights reserved....
...News of the launch of the lender’s ETF service with BlackRock comes shortly after the asset manager agreed a partnership with UK challenger bank Monzo that will see the digital-only lender offer clients...
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...Interchange fees are levied by Visa and Mastercard on behalf of lenders for debit or credit card payments carried out through their network....
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