loans

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
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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SBA Eyes Fees Paid To Rocket Loans, Contractor In Loan Program
SBA Eyes Fees Paid To Rocket Loans, Contractor In Loan Program
August 30, 2020  |  Loans

The U.S. government’s Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million...

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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  |  Legal & Regulation

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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