October 11, 2023
US Banks Brace for Surge in Bad Debt Write-Offs
The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic. JPMorgan Chase & Co., Citigroup, Wells...
October 11, 2023
Things Sam Is Freaking Out About: Probably His Ex-Girlfriend’s Testimony
It was tears, not fireworks, for Caroline Ellison’s second day of testimony Wednesday (Oct. 11). The former Alameda Research CEO fought back sobs describing to the courtroom her “state of...
October 11, 2023
Brink’s Denies Report of Merger Talks With NCR
Brink’s has denied a media report that it is in talks with NCR to merge with that company’s automatic teller machine (ATM) business. “The Brink’s Company is not in discussions about a...
October 11, 2023
Exxon Mobil To Buy Pioneer Natural Resources in $59.5B All-Stock...
Exxon Mobil Corporation has sealed a deal to acquire Pioneer Natural Resources in an all-stock transaction valued at $59.5 billion. This move, Exxon’s largest since the Mobil merger two decades...
October 11, 2023
‘Candid Conversations’ and Credit Building Help Consumers Survive the Paycheck-to-Paycheck...
The U.S. consumer is barely making ends meet and is one emergency expense away from financial dire straits. They’re also in need of financial education and some guidance before things...
October 11, 2023
LendingClub: Consumers Need a Plan to Avoid the Holiday Revolving...
The holidays are firmly in sight. LendingClub Senior Vice President of Membership and Lifecycle Strategy Amber Carroll said that as inflation remains entrenched, as we make our lists on who...
October 10, 2023
Consumers More Cost-Conscious During Amazon’s Prime Big Deal Days
Shoppers are reportedly opting for affordable items during Amazon’s fall sale for Prime subscribers. Early data from the retailer’s Prime Big Deal Days event reveals that price-conscious shoppers are primarily...
October 10, 2023
Consumers See No Inflation Relief and That Credit’s No Sure...
Inflation’s steady at the moment, on its way to ticking up … and credit’s tougher to come by. The Federal Reserve Bank of New York’s Center for Microeconomic Data released...
October 10, 2023
kennek Raises $12.5 Million for B2B Lending Platform
London-based FinTech kennek has raised $12.5 million in a seed funding round to grow its operating system for lenders serving the private debt market. The firm will use the new funding to...
