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
Debate Heats Up in Germany Over Electricity Price State Aid
The German government coalition finds itself divided over the issue of whether to provide subsidies for electricity prices to energy-intensive industries, such as the chemical and steel sectors. Even Chancellor...
August 28, 2023
FinTechs Throw Lifeline to Subprime-Borrowing Consumers
Consumers with low credit scores may find assistance in their uphill battle toward greater financial security. Financial stumbles may have long-lasting impacts on consumers whose credit scores have been affected...
August 25, 2023
Two-Thirds of Households With Children Live Paycheck to Paycheck
Essential expenses for working caregivers can consume more than one-third of young families’ budgets. The cost of raising children heavily impacts families with dependents too young to enter school, threatening...
August 24, 2023
Waystar Plans to Take Healthcare Payments Company Public
Healthcare payments firm Waystar Technologies is ready to become a public company. Waystar announced Thursday (Aug. 24) that parent company Waystar Holdings had confidentially submitted a draft registration statement with the U.S. Securities and...
August 24, 2023
Trustly and Sergel Partner to Streamline Recurring Payment Plans
Trustly has joined forces with Sergel to provide users with a simple and reliable way to manage regular payments and installment plans. Trustly’s payment solution now allows the users of Sergel’s credit management...
August 24, 2023
Fed Data Shows Pressure Building in Consumer Lending
The Federal Reserve’s latest data on how loan performance at all banks is faring found pockets of resilience — and, perhaps, pockets of concern. Household debt has reached a staggering $17 trillion,...
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 24, 2023
Merchants Buck Discretionary Spending Pressures by Making Subscriptions ‘Essential’
Subscription firms face pressures they wouldn’t have expected just a few months ago. Brian Bogosian, CEO of sticky.io, told Karen Webster in an interview that the success of recurring subscriptions —...