Lenders

The shares of Luckin Coffee Inc. (NASDAQ: LK) dropped another 18% lower on Monday as Goldman Sachs Group Inc. (NYSE: GS) sought enforcement action against an entity controlled by the company's chairman Charles Zhengyao Lu. What Happened The bank, acting as a "disposal agent" on behalf...

Most investors haven't heard of Home Capital Group Inc (TSE: HCG), a Toronto-listed, Canada-based financial institution that offers residential and non-residential commercial mortgage lending and consumer lending products. Canada's Financial Post noted Home Capital is facing the scrutiny of...

Ally Financial Inc (NYSE: ALLY), a notable player in the subprime auto loan market, warned investors its 2017 earnings per share will now grow less than previously expected. Ally Financial isn't alone in its outlook, as major banks are becoming hesitant in issuing new subprime loans suing money...

Lying on a loan application is not only immoral and illegal, it is now easier to discover thanks to social media sites. According to the Wall Street Journal, Lending companies are searching Facebook (NASDAQ: FB), Twitter (NYSE: TWTR), LinkedIn (NYSE: LNKD) and other sites to determine a borrower's...