March 08, 2024
Credit Spigots Continue to Tighten for Small Businesses
The traditional spigots of credit continue to tighten for small businesses. Blame higher rates, the continued fallout of the Silicon Valley Bank collapse last year, and skittishness on the part of lenders....
March 08, 2024
Fed’s Credit Data Signals Caution for Merchants
For merchants, reliant upon consumer spending — and credit as a way to enable that spending — the warning signals are flashing. The Fed’s latest reading on consumer credit, known...
March 08, 2024
Expense-Sharing Apps Adapt to Changing Relationship Dynamics
Budgeting and managing expenses are fundamental aspects of individual financial well-being. However, when it comes to couples, these practices take on a heightened significance. Financial disagreements rank among the top...
March 07, 2024
Consumers’ Total Outstanding Credit Leapt $19.5 Billion in January
Consumers’ total outstanding credit leapt by $19.5 billion in January. Revolving credit accounted for $8.4 billion of the increase, while nonrevolving credit made up the other $11.1 billion, the Federal Reserve said...
March 07, 2024
Fed’s Jerome Powell Says ‘Nowhere Near’ Moving Forward With CBDC
In testimony before Congress, Federal Reserve Chairman Jerome Powell said that the idea of the United States adopting a central bank digital currency (CBDC) is far from being realized. Speaking to the Senate...
March 07, 2024
Nationwide Building Society Will Acquire Virgin Money for $2.7 Billion
The U.K. bank Nationwide Building Society is set to acquire Virgin Money for $2.7 billion. The boards of the two companies reached a preliminary agreement to the deal on Thursday (March 7), saying their merger...
March 07, 2024
Regional Banks Still Face Roadblocks One Year After SVB Crisis
One year after the 2023 banking crisis, America’s regional lenders continue to struggle. A report Thursday (March 7) by Reuters examined the hurdles facing these mid-sized banks, such as higher deposit costs...
March 06, 2024
Revolut CEO: London Could Lose FinTech Hub Status
Revolut’s new U.K. CEO wants to make sure London remains a FinTech hub. Speaking to Bloomberg News Wednesday (March 6), Francesca Carlesi warned that the British capital risks losing out...
March 05, 2024
Argyle Raises $30 Million to Expand Automated Income, Employment Verification
Argyle has raised $30 million in a funding round to fuel the continued adoption and expansion of its automated income and employment verification platform. The company is embarking on its next...
