Carfinco Financial Group Inc., the Canadian car lender trading close to a record high, plans to increase its U.S. loan portfolio by 20 percent next year by targeting high-risk borrowers who have filed for bankruptcy or missed credit payments.
Deutsche Bank AG was one of the few firms surveyed by Bloomberg in January to correctly predict the worst rout in the U.S. Treasury market since 2009. Now, Germany’s largest lender says it’s time to buy.
Cetip SA-Mercados Organizados is offering banks the ability to appraise homes electronically for the first time, a step toward a national database needed to develop Brazil’s nascent mortgage-backed securities market.
Mizuho Financial Group Inc. may cut pay and add new board members to mollify investors, lawmakers and regulators after failing to end loans to crime groups in the biggest scandal of President Yasuhiro Sato’s two-year tenure.
The cost of betting on swings in an exchange-traded fund tracking Treasuries fell to the lowest level since 2010 on speculation volatility will diminish as the Federal Reserve delays plans to taper stimulus.
The yakuza, Japan’s organized-crime syndicates that have reaped billions from activities ranging from extortion to human trafficking, are finding their ranks decimated by authorities employing methods similar to those used to jail Al Capone: going after their money.
Automobile dealers who three years ago won an exemption from direct oversight by the U.S. Consumer Financial Protection Bureau have found that it still has a lot of clout over how they finance car sales.