loans

Australian Bank Debuts BizExpress To Speed Up SMB Financing

Australian Bank Debuts BizExpress To Speed Up SMB Financing
Australian Bank Debuts BizExpress To Speed Up SMB Financing
August 27, 2020  |  B2B Payments

Commonwealth Bank of Australia (CBA) has introduced a new digital service that expedites the distribution of pandemic-related loans, allowing small- to medium-sized businesses (SMBs) to...

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Report: Lawmakers Frustrated That Treasury Is Sitting On $454B In COVID-19 Aid
Report: Lawmakers Frustrated That Treasury Is Sitting On $454B In COVID-19 Aid
August 27, 2020  |  Politics

Some $454 billion allocated for the federal government’s COVID-19 response remains unused, The Wall Street Journal reported on Thursday (Aug. 27). Get the Full Story...

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BNPL Firm Zip Teams With eBay Australia For SMB Financing
BNPL Firm Zip Teams With eBay Australia For SMB Financing
August 26, 2020  |  B2B Payments

To provide small- to medium-sized businesses (SMBs) with access to working capital, buy now, pay later (BNPL) provider Zip Co. Limited has teamed with eBay...

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Report: Citigroup’s $900M Error Was Caused By Software Installation
Report: Citigroup’s $900M Error Was Caused By Software Installation
August 26, 2020  |  Banking

Citigroup Inc. has discovered obsolete software caused a nearly $1 billion problem earlier this month. Get the Full Story Complete the form to unlock this...

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Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
August 25, 2020  |  Loans

Mortgage lenders, seeking to keep losses low, are asking homebuyers if they plan to seek forbearance due to the current economic crisis, The Wall Street...

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Xero To Buy SMB Financing Platform Waddle For Up To $57.5M
Xero To Buy SMB Financing Platform Waddle For Up To $57.5M
August 25, 2020  |  B2B Payments

As it aims to expand its small business platform, accounting software provider Xero plans to acquire cloud-based lending company Waddle through an arrangement valued as...

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India’s Future Retail Narrowly Avoids Debt Default
India’s Future Retail Narrowly Avoids Debt Default
August 24, 2020  |  Debt

Future Retail, a sprawling brick-and-mortar operation owned by Indian billionaire Kishore Biyani, made a $14 million interest payment to debt-holders on Monday (Aug. 24) –...

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Mall Of America Avoids Foreclosure
Mall Of America Avoids Foreclosure
August 21, 2020  |  Retail

The bad news continues to pile up for the mall sector. With real estate investment trust CBL Properties reportedly preparing to file for bankruptcy earlier...

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SMBs Seek Working Capital From New Sources
SMBs Seek Working Capital From New Sources
August 21, 2020  |  SMBs

Legacy banks are famously risk-averse, and the pandemic hasn’t improved that. Tightening of the credit markets during lockdowns up to now has beset small and...

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