loans

ECB Concerned That Euro Banks Are Unprepared For Spate Of Bad Loans

ECB Concerned That Euro Banks Are Unprepared For Spate Of Bad Loans
ECB Concerned That Euro Banks Are Unprepared For Spate Of Bad Loans
January 28, 2021  |  Loans

The European Central Bank (ECB) is concerned that regional banks are not setting aside as much money as other countries to cover loan losses stemming...

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Banks Brace For New Competitive Forces In Commercial Lending
Banks Brace For New Competitive Forces In Commercial Lending
January 28, 2021  |  B2B Payments

Though traditional financial institutions have faced a surge in market pressure to digitize as new FinTech competitors emerge, there are still plenty of areas in...

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Stilt Raises $100 Million To Fuel Immigrant Loans
Stilt Raises $100 Million To Fuel Immigrant Loans
January 27, 2021  |  Investments

Stilt, which works in financial services for immigrants, has raised a $100 million warehouse facility from Silicon Valley Bank, according to a press release. Get...

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Mortgage Lender LoanDepot Seeking Over $300 Million In IPO
Mortgage Lender LoanDepot Seeking Over $300 Million In IPO
January 27, 2021  |  IPO

LoanDepot will be seeking as much as $315 million in its initial public offering (IPO), according to a Securities and Exchange Commission (SEC) filing. Get...

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Today In Payments: TransferWise Uses Visa Cloud Connect To Expand Debit Offer; SBA Approves $35 Billion In New PPP Loans
Today In Payments: TransferWise Uses Visa Cloud Connect To Expand Debit Offer; SBA Approves $35...
January 27, 2021  |  News

In today’s top news, TransferWise and Visa have partnered on Visa’s new Cloud Connect program, and the SBA has granted $35 billion in new PPP...

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Jack Henry To Offer Tech Platform For Consumer Loans
Jack Henry To Offer Tech Platform For Consumer Loans
January 27, 2021  |  Consumer Finance

Jack Henry & Associates, which offers a technology platform for financial institutions (FIs), is branching out with a new line of business, dubbed Jack Henry...

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PPP Round Two: SBA Approves $35 Billion In New Loans
PPP Round Two: SBA Approves $35 Billion In New Loans
January 26, 2021  |  Loans

The U.S. Small Business Administration (SBA) has approved 400,000 more pandemic relief loans worth $35 billion, saying it is trying to repair operational problems in...

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PPP Round Two: Familiarity Breeds Success For Banks And SMBs
PPP Round Two: Familiarity Breeds Success For Banks And SMBs
January 25, 2021  |  SMBs

After a long wait and months of debate, the Paycheck Protection Program (PPP) is setting forth on its second round. Get the Full Story Complete...

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