Bank of America Merrill Lynch Provides More Than $3.2 Billion in Community Development Banking Lending and Investing in 2014


Dateline City: NEW YORK Scope of Projects Impacted Wide Range of Constituents in Communities Nationwide Bank of America Merrill Lynch Community Development Banking provided more than $ 3.2 billion in loans, tax credit equity investments and other real estate development solutions to over 550 clients in 2014, creating more than 13,000 Read more [...]

LendingClub And Billion-Dollar Valuations Are Just The Beginning For Online Lending


Last week marked the first ever-initial public offering for an online lending platform when LendingClub raised nearly $ 870 million in its IPO.  LendingClub was priced at $ 15 per share but opened the day on the NYSE well above that at $ 24.75 per share before closing the day at $ 23.43 thus [...] Forbes - Personal Finance Read more [...]

PayPal Co-Founder Takes Aim at Credit Card Industry With New Lending App


The most miserable year of Max Levchin’s life began in 2002, shortly after he sold off his ownership stake in PayPal to eBay for an estimated $ 34 million. “At the time, I had a fascination with the color yellow,” Levchin told TIME. He would arrive to work in a yellow car, wearing a yellow jumpsuit and hole up in his executive suite, blending in with the all-yellow office paraphernalia. His former direct reports, who numbered in the hundreds, shuffled past the door, “staring Read more [...]

Lending Collection is a free resource for teachers


Imagine a library of art objects and collectibles that span time and space designed just for teacher use. It exists!  Long time art school instructor Regina Bode sums it up perfectly: “The collection is like having a museum in the classroom with objects you can look at as close as you like and you may even touch, carefully.” The Honolulu Museum of Art’s Lending Collection is a free resource for all island educators. Teachers can select objects from this trove of more than 13,000 tangible, Read more [...]

Bank of America Merrill Lynch Provided More Than $3.3 Billion in Community Development Banking Lending and Investing in 2013


Dateline City: CHARLOTTE, N.C. Financing and Equity Commitments Will Help Create 13,600 Affordable Housing Units Across the U.S. Through its Community Development Banking business, Bank of America Merrill Lynch provided more than $ 3.3 billion in loans, tax credit equity investments and other real estate development solutions in 2013. Those commitments were up more than 25 percent from 2012 lending and investing and will help create more than 13,600 affordable housing units. Working Read more [...]

Businesses warn lending curbs will hit recovery


British Chambers of Commerce said restrictions on bank lending to small and medium-sized businesses will hit growthBritain's rapid recovery will be hampered in 2014 unless the government acts to encourage corporate lending, a leading business group warns on Tuesday.The British Chambers of Commerce said growth this year will remain steady, but restrictions on lending to small and medium-sized businesses will restrict the pace of expansion.The warning came as figures showed that the services sector Read more [...]