August 29, 2023
Trade School Student Loan FinTech Fynn Boosts Borrower Benefits
To provide more flexibility and support to trade school student loan borrowers, Fynn, a fintech lender specializing in private student loans, announced expansions to its benefits package on Tuesday (Aug. 29). These expansions...
August 29, 2023
FDIC Wants Regional Banks to Issue $70 Billion in Fresh...
In the spring, two formerly obscure acronyms, SVB and FDIC, became household names. That’s because after SVB (Silicon Valley Bank) collapsed due to a structurally weakened balance sheet, compounded by a panic-induced bank...
August 28, 2023
CFPB Reaches $2.7 Billion Settlement With Credit Repair Firms
America’s biggest credit repair companies could be forced to give up telemarketing. That’s according to the Consumer Financial Protection Bureau (CFPB), which announced Monday (Aug. 28) that it had reached a proposed $2.7 billion...
August 28, 2023
Luxury Retailers Neiman Marcus and Saks Fifth Avenue Discuss Potential...
Luxury retailers Neiman Marcus and Saks Fifth Avenue are reportedly in talks to merge. This potential merger comes as Neiman Marcus has been actively seeking a buyer due to a downturn in its business,...
August 28, 2023
Neiman Marcus Considers Selling Itself to Rival Saks Fifth Avenue
Neiman Marcus is considering selling itself to its long-time rival, Saks Fifth Avenue, following a possible agreement from PIMCO. This agreement would allow Hudson’s Bay to begin the exclusive due...
August 24, 2023
VNG Files to Become First Vietnamese Tech Firm Listed in...
Vietnamese internet startup VNG plans to go public in the United States. The company made its intentions known in a Wednesday (Aug. 23) filing with the Securities and Exchange Commission (SEC). VNG’s filing for an initial public...
August 24, 2023
Silicon Valley Bank and the Changing Structure of Banking
Starting in March 2023, the U.S. banking sector experienced the failure of several major banks, and the entire industry was threatened with a crisis. Rising interest rates over the previous...
August 23, 2023
WeWork Faces Warrants Delisting After Hitting ‘Abnormally Low’ Price Levels
WeWork says it expects its warrants to be delisted from the New York Stock Exchange (NYSE). The troubled co-working company announced Tuesday (Aug. 22) that the trading on the company’s warrants...
August 23, 2023
BlockFi Says FTX and Three Arrows Don’t Deserve Repayment
Bankrupt cryptocurrency lender BlockFi said two other failed crypto firms aren’t entitled to its money. In bankruptcy court documents filed this week, the company made arguments about why FTX and Three Arrows Capital (3AC) shouldn’t get what they...