loans

JPMC CEO: Some Employees Have ‘Fallen Short’ As Bank Investigates Stimulus Violations

JPMC CEO: Some Employees Have ‘Fallen Short’ As Bank Investigates Stimulus Violations
JPMC CEO: Some Employees Have ‘Fallen Short’ As Bank Investigates Stimulus Violations
September 08, 2020  |  Loans

JPMorgan Chase employees returned to work following the Labor Day weekend Tuesday (Sept. 8) to discover a company email accusing some of them of potentially...

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UK FinTech MarketFinance Nets $65.8M To Extend SMB Loans
UK FinTech MarketFinance Nets $65.8M To Extend SMB Loans
September 08, 2020  |  International

MarketFinance, a FinTech business lender, has secured a £50 million ($65.8 million) loan investment from Viola Credit, the Israeli asset manager, to go toward lending...

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Citigroup Still At Odds With Hedge Fund Over Bank Payment Mistake
Citigroup Still At Odds With Hedge Fund Over Bank Payment Mistake
September 07, 2020  |  Legal

In an unusually public feud, Citigroup is engaged in a squabble with a creditor over the mistaken $900 million Revlon payments from earlier this year...

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Banks Raise Real Estate Lending Red Flags As Commercial Properties Sit Vacant
Banks Raise Real Estate Lending Red Flags As Commercial Properties Sit Vacant
September 07, 2020  |  Real Estate

The nation’s banks are anxious about getting loans repaid that are secured against empty office buildings, hotels and malls. Get the Full Story Complete the...

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New California Consumer Law Could Regulate SMB Loans
New California Consumer Law Could Regulate SMB Loans
September 03, 2020  |  Regulation

California’s new law expanding financial watchdog powers includes a provision that could help protect small business borrowers by making it easier to regulate small business...

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US House Oversight Panel Reports $1B In PPP Loan Violations
US House Oversight Panel Reports $1B In PPP Loan Violations
September 01, 2020  |  Loans

A congressional investigation found more than $1 billion in Paycheck Protection Program (PPP) funds went to small businesses that received multiple loans, a violation of the federal...

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China’s Banks Lost Billions In Defaulted Loans, Set Aside Cash For More
China’s Banks Lost Billions In Defaulted Loans, Set Aside Cash For More
August 31, 2020  |  Loans

Five of China’s largest state-owned lenders reported their biggest profit losses in at least a decade, as the number of defaulted loans has skyrocketed since the onset...

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CheckAlt, NXTsoft Partner To Boost Real-Time Integrations
CheckAlt, NXTsoft Partner To Boost Real-Time Integrations
August 30, 2020  |  B2B Payments

CheckAlt, which provides treasury management and item processing, is partnering with OmniConnect, NXTsoft‘s secure connectivity solution, to allow for faster real-time integrations, a press release...

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Bank Deposits, Fees Up As Companies, Consumers Hoard Cash
Bank Deposits, Fees Up As Companies, Consumers Hoard Cash
August 30, 2020  |  Banking

With profits and margins at all-time lows, the U.S. banking system is in flux as customer deposits surge and make the safety net for failures...

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