LoanDepot lawsuit accuses lender of cutting corners

These deals made Mr. Hsieh rich, but LoanDepot catapulted him into a new stratosphere of wealth. Mr. Hsieh – by far his largest individual shareholder – has become a billionaire on paper when the company went public in February. LoanDepot shares debuted at $ 14; they’ve since fallen to about …

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Toast’s share soars in public market debut

Boston-based tech firm Toast’s share price jumped when it debuted on the New York Stock Exchange. Shares of the payment and restoration software company opened at $ 65.26 on Wednesday morning, 63% above the price set in its initial public offering. At the end of the day, the stock closed …

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Shaping a fair, inclusive and sustainable recovery

The COVID-19 pandemic has exacerbated inequalities in our societies and economies – and the recovery is expected to be uneven. At the same time, the crisis has brought hope – and an opportunity to “build back better and more widely”. A new briefing paper outlines a three-step agenda for an …

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SCB and AIS shares jump to online lending joint venture

Shares of Thailand’s third-largest lender, Siam Commercial Bank Plc (SCB), surged in morning trading on Wednesday, after announcing a joint venture with the country’s leading mobile network, Advanced Info Service Plc (AIS ). SCB and AIS announced on Tuesday evening the creation of AISCB, to provide loans online through online …

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JPMorgan Chase acquires Frank university financial aid platform

Charlie Javice, Founder / CEO of Frank, which is a college financial aid startup. Source: JP Morgan JPMorgan Chase Acquires University Planning Platform Franc to deepen relationships with students and their parents, CNBC learned exclusively. Frank is an online portal with tools that help students apply for and negotiate financial …

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