(Bloomberg) — Two months ago, Credit Suisse Group AG overhauled a group of funds it runs with Lex Greensill’s eponymous firm to end an unusual arrangement with a large investor that had sparked concerns about conflicts of interest. Turns out, that wasn’t the only relationship in the multibillion-dollar strategy that […]
credit
Walmart teams up with Goldman Sachs to offer online sellers business credit lines
Walmart (WMT) is getting into business lending — with some help from Goldman Sachs (GS). Beginning on Tuesday, small and medium-sized businesses that sell on the retail giant’s Marketplace will see invites to apply for business lines of credit offered by Marcus, Goldman’s online consumer banking unit. It’s part of […]
FCA to tell lenders to extend payment freeze on car finance and high-cost credit
New and nearly new cars are displayed for sale on a forecourt of a car dealership. (Matt Cardy/Getty Images) The UK’s Financial Conduct Authority (FCA) on Friday indicated that it will tell rent-to-own firms, car finance providers, and pawnbrokers to keep offering payment freezes to borrowers in financial difficulty in […]