financiers

UK to Freeze Assets of Financiers Involved in People Smuggling

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(Bloomberg) — The UK will freeze the properties and bank accounts of financiers that the government says are facilitating people-smuggling, as it introduces a new sanctions regime to stem the flow of irregular migration. Dozens of individuals and companies, spanning gang leaders, those trading fake passports and firms selling small boat equipment used to cross … Read more

Non-bank financiers rush in to fill unsecured loan space vacated by banks

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Although non-banking financial companies (NBFCs) cater to slightly different customer categories, such as those with weaker credit scores, self-employed people and those without salary income, data from a credit bureau showed they have gained market share from banks in this segment. A personal loan is unsecured, meaning borrowers don’t need to provide any collateral, and … Read more