February 07, 2024
Will Specter of Public Runs and More Regulation Blunt Stablecoins’...
Stablecoins need more regulation. Stablecoins might, in some cases, cause runs. And as government officials and financial institutions (through the Bank for International Settlements) sound some alarms about stablecoins, it...
February 07, 2024
Pagaya Secures $280 Million Credit Facility for AI-Driven Consumer Finance...
Pagaya Technologies has secured a credit facility worth $280 million from top global asset managers and financial institutions. This facility, consisting of a $255 million term loan and a $25 million...
February 07, 2024
NYCB Targeted With Class-Action Lawsuit Alleging Securities Fraud
New York Community Bank (NYCB) is the target of a class-action lawsuit alleging securities fraud. The lawsuit comes after the bank acquired certain assets of Signature Bridge Bank on March...
February 07, 2024
NYCB Credit Grade Lowered to ‘Junk’ By Moody’s
New York Community Bank (NYCB) has had its credit rating cut to “junk.” The downgrade late Tuesday (Feb. 6) by Moody’s Investment Services marks the latest setback for the lender,...
February 06, 2024
BAFS Commercial Platform Aims to Connect Borrowers and Lenders
BAFS (Business Alliance Financial Services) has debuted a platform to connect commercial lenders with borrowers. The Louisiana company’s Borrower Portal, announced Tuesday (Feb. 6), lets borrowers input loan request information, upload documents,...
February 05, 2024
Can Fleet Management Serve as Beacon for Platformization of Connected...
Bit by bit the smokestack economy — and the subsets thereof — come online, go digital, find new ways to connect stakeholders. And as counterintuitive as it might seem, fleet...
February 05, 2024
As Banks Tighten Lending, Are Private and Alternative Credit Channels...
The banks continue to tighten, the traditional channels are tougher to navigate in the commercial lending space. And against a backdrop where smaller firms are still seeking credit as we...
February 05, 2024
Banks Report Tighter Standards, Lower Demand for Lending in Q4
Banks tightened their standards on loans to both businesses and households in the fourth quarter. They also saw lower demand for lending during that period, the Federal Reserve reported Monday (Feb. 5). “While...
February 04, 2024
Ripple Prepares to Expand Payments Business in US
Ripple says it’s planning to expand its payments business in the U.S. Right now, 90% of the blockchain company’s business is based outside the U.S., Ripple senior director and head...
