Irving subprime auto lender Exeter Finance prepares to go public

Exeter Finance Corp., an Irving-based auto lender that specializes in subprime loans, is filing to become a publicly traded company. Exeter, backed by private equity giant Blackstone Group, plans to list as XTF on the New York Stock Exchange, according to a regulatory filing this week with the U.S. Securities and...
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Strengthening SME financing in India

Mumbai: From kirana stores to local businesses, small enterprises are central to India’s economy. According to the ministry of micro, small and medium enterprises, these firms contribute about 30% to India’s economic output and provide employment to over 111 million people. But despite this importance, India’s small firms are starved...
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Terror finance unit only has two staff

The Terrorist Financing Intelligence Unit receives around 880 suspicious transaction reports (STRs) with potential links to international terrorism on average per year. The unit sends about 95 reports every year to Garda Security and Intelligence (S&I) for investigation. The finance unit is tasked with examining referrals regarding financial transactions...
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European Finance Regulators Call for Bloc-Wide Crypto Rules

Two major European regulators have separately called for cryptocurrency and ICO rules at the EU level. Firstly, the European Banking Authority (EBA), a regulatory agency of the EU, has urged the European Commission to examine whether unified crypto rules are needed across the region. In a report published Tuesday, the...
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Why You Should Care About the Uncertain Status of Obamacare

Enrollment is down and the Affordable Care Act’s legality is being challenged. Here’s how it could affect you. Enrollment has declined slightly in Affordable Care Act health insurance plans. The program, also known as Obamacare, is also under legal attack in a case that now appears headed to...
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Nissan Saudi Business Partner Details Work in Ghosn’s Defense

Nissan Motor Co.’s Saudi Arabian business partner said his company helped the automaker resolve a dealership dispute and pave the way for a joint venture in justifying $14.7 million in payments now under scrutiny by Tokyo prosecutors in the investigation of ousted Chairman Carlos Ghosn. A company controlled...
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