May 01, 2023
FDIC Sells Failed First Republic Bank to JPMorgan
After weeks of creeping to the edge of collapse, First Republic Bank is no more. Regulators seized control of the struggling California lender over the weekend, with the Federal Deposit...
April 26, 2023
Citizens Financial CEO Says Regional Banks Can Compete
Regional banks can compete with the bigger banks. So said Citizens Financial Group CEO Bruce Van Saun on Tuesday (April 25) when speaking with Bloomberg’s Baystate Business Hour Podcast. “We...
April 26, 2023
PaperTrl Adds Virtual Cards to Construction Payments Platform
Construction industry platform PaperTrl is offering virtual card payments with U.S. Bank’s help. PaperTrl, which offers an accounts payable (AP) management and automation platform for construction firms, announced Wednesday (April...
April 19, 2023
Regional Banks Show Card Spending, Digital Growth Steady
Bank earnings continue to roll in. Beyond the biggest players, J.P. Morgan, Citigroup, and others, the regionals and the super-regional banks have shown some resilient trends: Consumers continue to spend,...
April 17, 2023
Lloyds Bank Unveils PayMe Payments Service for Businesses
Lloyds Bank has debuted a service that lets businesses make one-off payments within minutes. “Through Lloyds Bank PayMe, businesses do not have to gather or manage account information or register...
April 17, 2023
Liberty Bank Launches Digital Bank for Small Business
Liberty Bank has launched a digital bank designed for small business owners. The new Owners Bank is initially available in Rhode Island, Massachusetts, Connecticut and Pennsylvania and will later launch nationally, the Connecticut-based...
April 16, 2023
Yellen Warns Banks Could Pull Back on Lending
America’s treasury secretary is warning of a tougher lending environment following two recent bank failures. In a Sunday (April 16) CNN interview, Janet Yellen said that such a pull back...
April 14, 2023
SBA Lifting Moratorium on Licensing New Small Business Lending Companies
Non-federally chartered banks will soon be able to make Small Business Administration (SBA) loans. Effective May 12, the agency is lifting the moratorium on licensing new Small Business Lending Companies...
April 13, 2023
Ultrafast Grocery Sales Hit the Skids
This week in grocery, one ultrafast delivery service shutters while another becomes stronger than ever. Sydney, Australia-based 10-minute grocery delivery service MilkRun is shutting down, The Australian Financial Review first...