Egyptian bank CIB says president resigns

CAIRO (Reuters) – Commercial International Bank (CIB) President Hisham Ezz al-Arab resigns with immediate effect on orders from the central bank, which cited the Egyptian lender’s compliance concerns as it approved his appointment on Friday. successor. FILE PHOTO: The Commercial International Bank logo can be seen in Cairo, Egypt on …

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Major bank sells LMI assets

One of the big four banks has announced that it will sell its lender’s mortgage insurance business to a global specialized insurer. Westpac Group has announced that it will sell Westpac Lenders Mortgage Insurance Ltd (WLMI) to Arch Capital Group (Arch) and enter into a 10 year exclusive supply agreement …

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Built Technologies launches a portfolio monitoring solution

NASHVILLE, Tenn., April 09, 2020 (GLOBE NEWSWIRE) – Built announces a limited version of its flagship housing loan administration software to help lenders struggling to manage their construction and renovation loans in light of the Covid-19 crisis. This product is designed for lenders who are not already working with Built, …

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