ESF Capital CEO John Mould saw his responsibilities increase last December when his company bought a controlling stake in secured business lending platform ThinCats. He discusses the changes he has made with Ryan Weeks.
According to a World Bank report, one of every 20 unbanked people lives in Pakistan. Pakistan is taking steps to improve rates such as the 2.9 percent of adults with a bank card. Learn more here.
Prosper-linked bonds face Moody’s rate cut
Bonds sold last year by Citigroup which were backed by loans originated by Prosper face a ratings downgrade from Moody’s after it was discovered their debt is souring at a faster than expected rate. Matt Scully and Noah Buhara report.
Inclusion of unbanked part of larger Modi plan
If India is to become a formidable global power, more of its citizens have to be welcomed under the financial umbrella. That is a big reason why the government is working hard of financial inclusion. Learn more here.