July 27, 2023
Bank of America CEO: Capital Requirements Must Ensure ‘Level Playing...
Bank of America CEO Brian Moynihan said new capital requirements need to ensure a level playing field for U.S. banks. “I think they have to be careful as they put...
July 27, 2023
House Financial Services Chairman Calls for Governance Limits and Clarity...
House Financial Services Committee (HFSC) Chairman Patrick McHenry aims to reduce the influence of environmental, social and governance (ESG) initiatives in financial markets. In opening remarks for the committee’s markup of the “Protecting Americans’ Retirement Savings from...
July 27, 2023
Micro Excitements Drive Macro Economy — but It’s a Two-Way...
Today’s business operating landscape is a decidedly modern one. And an increasingly digital one — the hyperconnectivity of which impacts nearly every near and long-term forecast. That’s why PYMNTS CEO...
July 26, 2023
LendingClub to Launch Lending, Savings and Spending Super App
LendingClub reported results that showed flat net interest income, but pressure on loan origination volumes — a trend that is likely to persist over at least the short term, per...
July 26, 2023
The Ripple Effect: What Proposed US Crypto Legislation Looks Like
The U.S. crypto crackdown started at the top, but the sector’s fractures were bottom-up. Some of the digital asset industry’s biggest names, like Coinbase and Binance, found themselves afoul of U.S. federal...
July 26, 2023
Will Big Bank Capital Requirements Help Smaller FIs, FinTechs Gain...
As banks — especially larger players — grapple with a new capital reality, the opportunity may be there for smaller financial institutions (FIs) and FinTechs to capture some lending share,...
July 26, 2023
Microsoft vs. Google and the Battle for AI Cloud Infrastructure
The generative artificial intelligence (AI) arms race leaderboard is neck and neck. It hasn’t even been a full calendar year since the technology was first commercialized at scale by Microsoft...
July 26, 2023
Shopify Credit Adds Business Credit Cards to Streamline Small Business...
Small and medium-sized businesses (SMBs), which play a crucial role in powering the U.S. economy, are facing increasing difficulties in accessing working capital and other financing. In fact, according to the...
July 26, 2023
Generational Shift Forces Construction Industry Digital Transformation
The historically fragmented industrial economy is getting a modern makeover. And while ecosystem needs are different from geography to geography, a fundamental shift in digital capabilities is reframing the possibilities...