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Bank loan scrutiny on living expenses creates headache for borrowers

Bank loan scrutiny on living expenses creates headache for borrowers TueTuesday 6 Application processes for loans now involve more in-depth consideration of living expenses. ( Share Print text only Borrowers are experiencing more scrutiny from banks when they apply for loans.  While it is leading to frustrations and delays, the changes were brought in to protect borrowers as a result of recommendations by the Hayne banking royal commission. Key points: Loan approval times are taking longer, leaving some borrowers frustrated One broker says some banks are taking up to a month to start looking at applications Borrowers are finding they need to provide more details about living expenses and are being questioned on references made in banking transactions.

New IMF reserves could fund vaccines in poor nations: Rockefeller

DGAP-News: BP p l c : bp provides update on progress towards $35 billion net debt target

DGAP-News: BP p.l.c.: bp provides update on progress towards $35 billion net debt target bp provides update on progress towards $35 billion net debt target 06.04.2021 / 08:30 press release bp provides update on progress towards $35 billion net debt target bp today provides an update on the expected timing of reaching its $35 billion net debt target including the delivery of disposal proceeds and performance during the first quarter of 2021. We are pleased to announce that we now expect to have reached our $35 billion net debt target during the first quarter 2021. This is a result of earlier than anticipated delivery of disposal proceeds combined with very strong business performance during the first quarter. We look forward to updating the market at our first quarter results, including further information on share buybacks.

G20 officials expected to discuss uneven economic recovery from COVID-19 crisis

G20 officials expected to discuss uneven economic recovery from COVID-19 crisis ROME Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer LENA MUCHA/The New York Times News Service The world’s financial leaders will discuss on Wednesday how to coordinate policies to prevent their virus-battered economies emerging from recession at highly different speeds, officials said ahead of the virtual meeting. When finance ministers and central bank governors of the world’s top 20 economies hold their video-conference the patchy response to the ongoing COVID-19 crisis will be high on their agenda, officials from the Italian presidency said.

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