October 09, 2023
Slowing Loan Growth Expected to Squeeze Big US Banks’ Profits
The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits. Net interest income, a key...
October 09, 2023
Pinterest Shares Dip 1% in Pre-Market Trading Amid Insider Selling
Pinterest shares dipped a little over 1% in pre-market trading Monday (Oct. 9). This happened despite Wells Fargo adding the social media site to its Signature Picks portfolio, Seeking Alpha...
October 04, 2023
Report: Citigroup to Announce Layoffs in November Amid Reorganization
Citigroup has reportedly taken some of the early steps in its previously announced reorganization. The bank is currently reviewing staff rosters to determine who will be retained, reassigned or laid off...
October 02, 2023
Economists Expect Limited Macro Impact From Student Loan Payment Resumption
The resumption of student loan payments will be only “a drop in the bucket” for the broader household sector, according to three Wells Fargo economists. While the approximately 43 million borrowers...
October 02, 2023
Consumers Splurge on ‘Once in a Lifetime’ Expenses Despite Inflation
Household spending is up despite several factors that should be keeping it down. Americans spent 5.8% more in August compared to the year before amid a boom in “experience” spending,...
September 26, 2023
Wells Fargo, Centerbridge Collaborate to Provide Loans for Middle Market...
Wells Fargo and Centerbridge Partners have announced a partnership to provide direct lending solutions to non-sponsor North American middle-market companies. This partnership will be facilitated through the launch of Overland Advisors, a...
September 25, 2023
What Early Warning’s Paze Has in Common With Amazon’s Fire...
In June of 2014, Amazon launched the Fire phone. Priced at $650 and offered exclusively by AT&T, the phone’s big selling point was its “Dynamic Perspective” — a feature that...
September 21, 2023
Venmo Retains Dominance in PYMNTS’ Provider Ranking of Credit Card...
PYMNTS’ Provider Ranking of Credit Card Apps tracks the ever-changing landscape of credit card mobile applications each month. In the latest edition, ties from last month have parted ways, and...
September 21, 2023
Incentives in Your Antitrust Compliance Program
Incentives play an essential role in having an effective and credible compliance program. The U.S. DOJ has made this clear in its guidance statements. There tends to be, however, reluctance...
