Vietnam Banks Break Loan Rules to Meet Demand: Mortgages
Banks are ignoring the funding risk for now, betting mortgages are safer than commercial loans as businesses struggle with rising inventories and an economic downturn. Total credit expansion slowed to 0.93 percent in the first seven months from the end …
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In China, Shadow Banking Moves Online
Akin to Lending Club or Prosper.com in the U.S., China's online lenders let individuals invest a minimum of 50 yuan in projects ranging from small-business expansions to honeymoons for as much as 23 percent interest, the highest rate allowed. Loans …
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