As the U.S. economy bumps up against fluctuating interest rates, tariffs and newly complex supply chains, medium-sized companies face critical decisions about how to fund their operations and fuel growth. The way these firms choose to access capital isn’t just a technical deliberation about their...
Private credit exists as an essential part of the capital spectrum, especially for firms that cannot get, or choose not to get, traditional bank channels. The private credit firms — including venture capital companies, buyout funds, hedge funds, direct lenders and others — are in...
HSBC has introduced a way to help American clients pay import duties. HSBC TradePay for Import Duties is designed to simplify import duty payments while helping businesses optimize working capital, the bank said in a Wednesday (May 7) news release. “Many corporates are currently facing changing working capital...
Citigroup CEO Jane Fraser said Monday that most of the Wall Street bank’s business clients believe they can cope with U.S. tariffs of up to 10% on foreign countries, including China, but that levies any higher would make things difficult. Fraser, speaking at the Milken...
Santander is selling a majority of its Polish business to Austrian bank Erste Group. The $7.9 billion deal, announced Monday (May 5) will also see the two lenders form a partnership that will see Santander give Erste access to its payment system. “With payments, the banks will explore opportunities...
FinTech sponsor banks have had a difficult 18 months. Tasked with mediating between the speed of the tech world and the caution of the regulatory sphere, many banks powering banking-as-a-service (BaaS) solutions have found themselves under the barrel of consent orders from the Federal Deposit...
Square has debuted banking tools designed to help sellers gain instant access to their funds. The expansion of the platform’s banking service lets business owners sign up for a Square payments account and a free Square Checking account through one application from Square’s website and point-of-sale...
LendingClub is finding that its mobile app is reducing servicing costs, increasing interaction with members and boosting loan issuance. In the time since the company added a free credit monitoring tool called DebtIQ to the app, it has seen 60% higher logins and a 30%...
A recent report from PYMNTS reveals that zillennials, the demographic cohort straddling the late 20s and early 30s, are a driving force behind the evolution of digital banking, with a unique blend of tech-savviness and reliance on traditional financial institutions. The study, “Generation Zillennial: Driving...