Hong Leong Group

hongleong.com

Hong Leong Group's operations span the globe with core businesses in a diverse range of industries – banking and financial services, manufacturing and distribution, property development and investments, hospitality and leisure, and principal investment. With reputable listed companies on global major stock exchanges and with a staff force of more than 40,000 staff worldwide, the Group's success has gone beyond the shores of its home base into global proportions.

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S&P 500 CROSSES 3,300 ON UPBEAT MORGAN STANLEY EARNINGS, RETAIL DATA

Morgan Stanley | January 16, 2020

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The S&P 500 crossed the 3,300 mark for the first time and other stock indexes hit record highs on Thursday, as encouraging retail sales data and upbeat Morgan Stanley earnings fueled a rally following the signing of an initial U.S.-China trade deal. The Wall Street bank (MS.N) jumped 7.6% to the top of the S&P 500 after it beat quarterly profit estimates and raised its performance goals, closing out big U.S. lenders’ earnings on a strong note. The sentiment was further lifted by da...

Read More

Financial Management

MOVEMENT MORTGAGE PARTNERS WITH FIGURE TO OFFER IMPROVED HELOC DELIVERY

Figure and Movement Mortgage | November 09, 2022

news image

Figure, the country's top non-bank HELOC lender, and Movement Mortgage, the nation's sixth-largest retail mortgage lender, announced a transformative partnership that will allow Movement's borrowers faster access to home equity with approval in as few as five minutes and funding in as few as five days. Movement will leverage Figure's platform amid a steady rise in mortgage interest rates and record tappable equity for homeowners. Consumers have shied away from taki...

Read More

GOLDMAN SACHS SEES WALL STREET BANKS SUFFERING IN BAD LOAN PROVISIONS

Goldman | July 07, 2020

news image

Goldman Sachs sees Wall Street banks suffering from a surge in bad loan provisions and has outlined a grim estimate for a 69% drop in second-quarter earnings. Analysts at the bank wrote in a 7 July note to clients that they see $32bn in set-asides for bad loans for the largest seven American banks this quarter, an increase from about $26bn in the first three months of the year. A trading bonanza, fuelled by virus-driven volatility, has not been enough to outweigh an economic slump, the dr...

Read More

Financial Management, Fintech

JG WENTWORTH ACQUIRES FINTECH LENDING PLATFORM FROM STILT INC.

JG Wentworth | December 06, 2022

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JG Wentworth is pleased to announce that it has acquired the digital lending platform from Stilt Inc., a San Francisco-based fintech and personal loan lender. Stilt was backed by leading venture capital firms, raised $322 Million in debt and equity to build a powerful end-to-end digital lending and servicing platform. The acquisition combines JG Wentworth's nationally recognized brand with a state-of-the-art fintech platform, accelerating its entry into the consumer lending space and support...

Read More
news image

S&P 500 CROSSES 3,300 ON UPBEAT MORGAN STANLEY EARNINGS, RETAIL DATA

Morgan Stanley | January 16, 2020

The S&P 500 crossed the 3,300 mark for the first time and other stock indexes hit record highs on Thursday, as encouraging retail sales data and upbeat Morgan Stanley earnings fueled a rally following the signing of an initial U.S.-China trade deal. The Wall Street bank (MS.N) jumped 7.6% to the top of the S&P 500 after it beat quarterly profit estimates and raised its performance goals, closing out big U.S. lenders’ earnings on a strong note. The sentiment was further lifted by da...

Read More
news image

Financial Management

MOVEMENT MORTGAGE PARTNERS WITH FIGURE TO OFFER IMPROVED HELOC DELIVERY

Figure and Movement Mortgage | November 09, 2022

Figure, the country's top non-bank HELOC lender, and Movement Mortgage, the nation's sixth-largest retail mortgage lender, announced a transformative partnership that will allow Movement's borrowers faster access to home equity with approval in as few as five minutes and funding in as few as five days. Movement will leverage Figure's platform amid a steady rise in mortgage interest rates and record tappable equity for homeowners. Consumers have shied away from taki...

Read More
news image

GOLDMAN SACHS SEES WALL STREET BANKS SUFFERING IN BAD LOAN PROVISIONS

Goldman | July 07, 2020

Goldman Sachs sees Wall Street banks suffering from a surge in bad loan provisions and has outlined a grim estimate for a 69% drop in second-quarter earnings. Analysts at the bank wrote in a 7 July note to clients that they see $32bn in set-asides for bad loans for the largest seven American banks this quarter, an increase from about $26bn in the first three months of the year. A trading bonanza, fuelled by virus-driven volatility, has not been enough to outweigh an economic slump, the dr...

Read More
news image

Financial Management, Fintech

JG WENTWORTH ACQUIRES FINTECH LENDING PLATFORM FROM STILT INC.

JG Wentworth | December 06, 2022

JG Wentworth is pleased to announce that it has acquired the digital lending platform from Stilt Inc., a San Francisco-based fintech and personal loan lender. Stilt was backed by leading venture capital firms, raised $322 Million in debt and equity to build a powerful end-to-end digital lending and servicing platform. The acquisition combines JG Wentworth's nationally recognized brand with a state-of-the-art fintech platform, accelerating its entry into the consumer lending space and support...

Read More