loans

Loan Loss Reserves Creep Up at Cautious Wells and Citi

Loan Loss Reserves Creep Up at Cautious Wells and Citi
Loan Loss Reserves Creep Up at Cautious Wells and Citi
July 15, 2022  |  Banking

The banks see strength — in consumer spending, debit, credit and in a recession that may prove short-lived. Get the Full Story Complete the form...

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Today in the Connected Economy: JPMorgan’s Forecast Uncertain
Today in the Connected Economy: JPMorgan’s Forecast Uncertain
July 14, 2022  |  Connected Economy

Today in the connected economy, J.P. Morgan Chase reserves $428 million in additional funds to cover bad loans while posting a 28% drop in profits....

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JPMorgan Says US Consumer in ‘Great Shape’ but Macro Is Deteriorating
JPMorgan Says US Consumer in ‘Great Shape’ but Macro Is Deteriorating
July 14, 2022  |  Earnings

Reports of the death of consumer spending are greatly exaggerated — at least from the point of view of the nation’s largest lender, J.P. Morgan...

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Pod Foods Launches Financing Tool for Emerging Brands
Pod Foods Launches Financing Tool for Emerging Brands
July 14, 2022  |  Investments

Logistics-equipped wholesale B2B grocery marketplace Pod Foods has debuted Pod Foods Capital, a financing tool for emerging brands that need help gaining access to capital,...

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TurnKey Lender Raises $10M, Names Board Chair
TurnKey Lender Raises $10M, Names Board Chair
July 14, 2022  |  B2B Payments

B2B Software-as-a-Service (SaaS) company TurnKey Lender announced Thursday (July 14) it had raised $10 million in new funding and appointed a new board chairman. Get...

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Vehicle Financing Firm Moove Raises $20M
Vehicle Financing Firm Moove Raises $20M
July 14, 2022  |  Investments

South African mobility FinTech Moove has raised $20 million in financing from Absa Corporate and Investment Banking (CIB), the Johannesburg company announced Thursday (July 14)....

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Cross River Teams With SmartBiz on SMB Financing
Cross River Teams With SmartBiz on SMB Financing
July 12, 2022  |  SMBs

Small business-focused artificial intelligence (AI)-powered financing platform SmartBiz has teamed up with financial services company Cross River to help more small businesses across the U.S....

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What’s a Crypto Credit Score?
What’s a Crypto Credit Score?
July 12, 2022  |  Cryptocurrency

The problem with traditional crypto lending is that you can’t get a loan without more than enough liquid capital to cover it. Get the Full...

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