Interest Rates

Biggest Banks Cut 20,000 Jobs Amid High Interest Rates
Biggest Banks Cut 20,000 Jobs Amid High Interest Rates
October 19, 2023  |  Banking

Staffing levels at some of America’s biggest banks are reportedly getting smaller. Get the Full Story Complete the form to unlock this article and enjoy...

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Plaid Hires Former Expedia CFO Eric Hart Before IPO
Plaid Hires Former Expedia CFO Eric Hart Before IPO
October 18, 2023  |  Personnel

FinTech Plaid has appointed its first chief financial officer (CFO), a step toward a potential initial public offering (IPO). Get the Full Story Complete the form...

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Big Banks Weigh Better Rates for Depositors
Big Banks Weigh Better Rates for Depositors
October 15, 2023  |  Banking

America’s largest banks say their profits from high interest rates could soon take a hit. Get the Full Story Complete the form to unlock this...

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LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
October 12, 2023  |  Digital Banking

LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” Get the Full Story Complete...

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US Banks Brace for Surge in Bad Debt Write-Offs
US Banks Brace for Surge in Bad Debt Write-Offs
October 11, 2023  |  Banking

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. Get...

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RBC Capital Markets Predicts Luxury Sector Downturn
RBC Capital Markets Predicts Luxury Sector Downturn
October 11, 2023  |  Retail

The luxury goods sector may be facing a potential downturn, according to RBC Capital Markets. Get the Full Story Complete the form to unlock this article...

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Ex-Walmart CEO: Economic Headwinds Making Consumers ‘Wary’
Ex-Walmart CEO: Economic Headwinds Making Consumers ‘Wary’
October 10, 2023  |  Economy

Walmart’s former U.S. CEO says consumers are facing pressures they haven’t felt in years. Get the Full Story Complete the form to unlock this article and...

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26% of Consumers Say Interest Rates Influence Credit Product Choices
26% of Consumers Say Interest Rates Influence Credit Product Choices
October 09, 2023  |  Consumer Insights

Consumers are increasingly focused on finding the best deal — a preference driven by loss aversion and a desire to maximize the benefits of their...

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High Interest Rates Drive New Records in Auto Loan Payments
High Interest Rates Drive New Records in Auto Loan Payments
October 06, 2023  |  Loans

The surge in interest rates has resulted in record-high loan payments for consumers who have borrowed money to purchase new cars. Get the Full Story...

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