Tue, 21-Oct-2025

Analysis: After a decade of easy credit, Europe’s banks prepare for a rocky ride

When European banks inform investors about how their business has performed this year, they are likely to highlight their areas of weakness given the potential economic storm they are facing and the first increase in borrowing costs in more than ten years. When they release their second-quarter results the next week, UBS (UBSG.S), Deutsche Bank … Read more

As Kenya binges on easy credit, public shaming follows

Kenya

NAIROBI: It only took Kenyan security guard Ambrose Kilonzo a few seconds and zero-collateral to secure a loan from a mobile app. But when he defaulted, lenders called his boss, putting his job at risk. It is an ordeal experienced by many in Kenya, where a surge in digital lending has seen thousands of people … Read more