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America’s Middle Class Is Addicted to a New Kind of Credit

The payday-loan business was in decline. Regulators were circling, storefronts were vanishing and investors were abandoning the industry’s biggest companies en masse. And yet today, just a few years later, many of the same subprime lenders that specialized in the debt are promoting an almost equally onerous type of credit. It’s called the online installment […]

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£500m BTR scheme announced for London

Legal & General has announced that is has exchanged contracts on two adjacent sites in Wandsworth which will combine to deliver its largest Built To Rent (BTR) scheme to date. The has an anticipated Gross Development Cost of £500m and will become a flagship BTR development in the UK, providing around 1,000 homes and 85,000 […]

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UK economy will weaken over 2019 and 2020 even if no-deal Brexit is avoided, forecasts leading think tank

If Britain leaves without a deal, the economy will stagnate next year, although there is also a high probability it will contract, NIESR says UK economic growth will slow this and next year even if a no-deal Brexit is averted, according to the latest forecasts from the National Institute for Social and Economic Research. A […]

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Baiseitov Bakhytbek – people from the FORBES list

Last spring happenned, perhaps, one of the most outstanding business cases in the history of the state — a very profitable buyout of Bank CenterCredit JSC shares from Tsesnabank. Baiseitov Bakhytbek Rymbekovich, Lee Vladislav Sedinovich, as well as a group of individuals acted as buyers of the huge block of shares. This transaction took place […]