June 19, 2023
Report: Credit Card Delinquencies Rise as Consumers Drain Savings
Your card bill might read “2023,” but for credit card delinquency rates, it’s 2019. As Seeking Alpha noted in a report Monday (June 19), those rates now exceed pre-pandemic levels for at...
June 18, 2023
DraftKings Tries to Outbid Rival Fanatics In PointsBet Deal
Online sportsbook company DraftKings has made a last-minute bid to buy the U.S. business of betting firm PointsBet. The $195 million offer from the company Friday (June 16) is designed to top a $150 million...
June 16, 2023
Rising Food Prices Have Restaurants Seeking Other Revenue Streams
This week in restaurant news, Chuck E. Cheese looks to boost its margins by opening a new revenue stream, the inflation gap between foodservice and grocery grows wider and Uber...
June 16, 2023
FDIC Readies Sale of SVB’s $460 Million German Business
Beginning next week, bidders will get the chance to purchase Silicon Valley Bank’s German business. The Federal Deposit Insurance Corp. (FDIC) is set to open a data room on June 20 to...
June 16, 2023
Banks and FinTechs Now Prioritize Collaboration Over Competition
Tough times make tough businesses and underscore the viability of their corporate strategies. Deploying a viable go-forward strategy has never been more critical, particularly for financial firms — both incumbent...
June 16, 2023
DraftKings Tries to Outbid Rival Fanatics in PointsBet Deal
Online sportsbook company DraftKings has made a last-minute bid to buy the U.S. business of betting firm PointsBet. The $195 million offer from the company Friday (June 16) is designed...
June 16, 2023
Treasurers Forge a ‘Holistic’ View of Firms’ Financial and Technological...
As credit becomes more expensive, businesses need to examine how they manage working capital — and how technology can help them do so. Ron Chakravarti, global head of client advisory,...
June 16, 2023
FinTech IPO Names Surge 3.8% With SoFi and Upstart Leading...
Government data pointing to cooling inflation helped buoy FinTech IPO names this past week. Retail sales data Thursday (June 15) showed that consumer spending remains resilient, which helped give the...
June 15, 2023
Plaid Launches Tool for Cash Flow Underwriting
To make it easier for lenders to access real-time cash flow data, the FinTech Plaid has introduced a new hosted experience for its flagship product Plaid Link. The fully hosted,...