loans

Bank Lending Under Pressure As Investment Banking Booms

Bank Lending Under Pressure As Investment Banking Booms
Bank Lending Under Pressure As Investment Banking Booms
July 12, 2020  |  Banking

Bank earnings have unusually high stakes this quarter, with investors’ dividends at stake and banks expected to add billions to their loan-loss reserves due to...

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Punjab National Bank Faces Third Major Fraud In As Many Years 
Punjab National Bank Faces Third Major Fraud In As Many Years 
July 10, 2020  |  Security & Fraud

Punjab National Bank shares fell by nearly 6 percent late Thursday (June 9) after it was defrauded $491 million by one of its customers, The...

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Car Talk: How One Bay Area Limo Fleet Rolls With The (Pandemic) Times
Car Talk: How One Bay Area Limo Fleet Rolls With The (Pandemic) Times
July 10, 2020  |  Merchant Innovation

More than a few notable companies have started in a Silicon Valley garage. Get the Full Story Complete the form to unlock this article and...

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Record 32 Pct Of Americans Miss Housing Payments In July
Record 32 Pct Of Americans Miss Housing Payments In July
July 08, 2020  |  Debt

A record number of tenants and homeowners — 32 percent — missed some or all of their rent or mortgage in July, according to Apartment...

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HSBC Glitch Causes Wrong Names On Thousands Of SMB Loans
HSBC Glitch Causes Wrong Names On Thousands Of SMB Loans
July 07, 2020  |  B2B Payments

Due to a technical glitch, thousands of U.K. government small- to medium-sized business (SMB) loans to HSBC customers were sent under incorrect names, BBC News...

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PPP Loans Could Be Boon For Banks In Processing Fees
PPP Loans Could Be Boon For Banks In Processing Fees
July 07, 2020  |  Banking

Banks arranging government loans intended for businesses hurt by the pandemic could reap as much as $24 billion in associated fees, The Wall Street Journal...

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Deep Dive: How The COVID-19 Pandemic Is Moving SMB Lending, Disbursements Away From Paper Checks
Deep Dive: How The COVID-19 Pandemic Is Moving SMB Lending, Disbursements Away From Paper Checks
July 07, 2020  |  Disbursements

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Number Of Homeowners In Mortgage Bailout Program Drops By 104K
Number Of Homeowners In Mortgage Bailout Program Drops By 104K
July 06, 2020  |  Coronavirus

The number of homeowners in the mortgage bailout program under the federal CARES Act fell by 104,000 from June 23 to June 30 — the...

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How Automated Authentication Helps Propel SMB Loan Disbursements
How Automated Authentication Helps Propel SMB Loan Disbursements
July 06, 2020  |  Disbursements

The economic realities of COVID-19 have many small- to medium-sized businesses (SMBs) turning to lenders to keep their heads above water, but paper-based processes can...

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