Shoko Chukin Bank reprimanded over shady loans

/ May 10, 2017

Shoko Chukin Bank reprimanded over shady loans

The government on Tuesday issued a business improvement order to Shoko Chukin Bank, a government-linked lender for small and medium-size firms, found to have extended shady loans and falsified documents related to a state-backed program to help crisis-hit companies. The Ministry of Economy, Trade and ...

Jan 3, 2017

Small startups run by women getting more loans

Loans to women aiming to start a small business are increasing in line with the Abe administration's policy of boosting the role of women in the economy and society. The government-owned Japan Finance Corp. (JFC) made 1,282 loans for ¥3 million or less to women ...

Dec 6, 2016

Naked selfies used as collateral for loans in China leak online

Hundreds of photos and videos of naked women used as collateral for loans on a Chinese online lending service have leaked onto the web, highlighting regulatory problems in the fast-growing peer-to-peer marketplace. A 10-gigabyte file posted on the internet exposed the personal details of more ...

Albeit modest, Fed hikes rates from historic near-zero

/ Dec 17, 2015

Albeit modest, Fed hikes rates from historic near-zero

The Federal Reserve is raising interest rates after seven years of record lows. But it's signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises. The Fed's move Wednesday to lift its key rate by a ...