September 18, 2023
Wall Street’s Caution and Downgrades Anticipate Student Loans’ Pinch on...
Just a few weeks from now, federal student loan payments resume, ending a moratorium that had been in place since the onset of the pandemic in March of 2020. And...
September 17, 2023
Wells Fargo: Corporate Borrowers ‘Acquiescing’ to High Interest Rates
Are corporate borrowers resigned to higher interest rates? Wells Fargo thinks so. In an interview with Bloomberg Television on Friday (Sept. 15), Maureen O’Connor, global head of high-grade debt syndicate at the bank,...
September 17, 2023
SVB Capital Could Sell for $500 Million; Scaramucci Among Bidders
Silicon Valley Bank’s former owner is reportedly close to selling its venture capital business. SVB Capital has attracted two top bidders, The Wall Street Journal (WSJ) reported Friday (Sept. 15), citing sources familiar...
September 17, 2023
Report: TikTok Takes on Amazon and Walmart With Holiday Discounts
TikTok is reportedly preparing to roll out heavy holiday discounts starting next month. A report Saturday (Sept. 16) by Bloomberg News, citing internal documents, said the social media app is hoping these...
September 17, 2023
Amex Card Delinquencies Creep Up but Remain Below Pre-COVID Levels
American Express says its credit card delinquency rates remain below pre-pandemic levels. As the company said in a Securities and Exchange Commission (SEC) filing Friday (Sept. 15) the company’s consumer card delinquency...
September 15, 2023
Spanish Startup Revel Raises $125 Million for Car Subscription Platform
Spanish digital car subscription service provider Revel has reportedly raised 115 million euros (about $123 million) in a funding round. The money, which includes a 15 million euro (about $16...
September 15, 2023
Goldman Sachs Creates Unit for Wealthy Clients to Invest in...
Goldman Sachs has reportedly created a “sports franchise” unit within its investment banking division. The new unit aims to provide wealthy clients with the opportunity to invest in sports teams,...
September 14, 2023
Carputty Deploys AI to Add Transparency to Auto Lending Process
Carputty has added artificial intelligence (AI) solutions to its auto financing platform and says that one-third of the applications it receives are now AI-decisioned. AI makes for faster, more transparent and...
September 14, 2023
CFPB Investigating Tuition Payment Plans and Practices of School-Based Lenders
The Consumer Financial Protection Bureau (CFPB) is looking into, and warning students about, the risks faced by students when entering into agreements with colleges for tuition payment plans. The regulator has released...
