U.S. Bancorp is forecasting a decline in net interest income for this year. In announcing its earnings Wednesday (April 17), the lender said it anticipates net interest income (NII) of $16.1 billion to $16.4 billion, down from earlier projection of at least $16.6 billion for the...
The right borrowing tools can have a big impact on small businesses’ future growth prospects. That’s because small and medium-sized businesses (SMBs) commonly face a number of challenges related to their cash availability, including limited capital, seasonal fluctuations and the need for expansion or investment...
U.S. Bank said Thursday (Feb. 15) that more than 2,000 of its clients have been approved for personal loans over the past few months thanks to the technology and credit intelligence network enabled by the bank’s partnership with Pagaya Technologies. The bank teamed up with...
Flexible and accessible borrowing tools are a financial cornerstone for many small to mid-sized businesses (SMBs). PYMNTS Intelligence’s latest study finds that 90% of SMBs have used at least one type of borrowing tool in the past year. Approximately three-fourths of SMBs are using revolving...
February 22, 2024
The right borrowing tools can have a big impact on small businesses’ future growth prospects. That’s because small and medium-sized businesses (SMBs) commonly face a number of challenges related to their cash availability, including limited capital, seasonal fluctuations and the need for expansion or investment in new opportunities. And while revenue levels and generational outlooks […]
January 31, 2024
Flexible and accessible borrowing tools are a financial cornerstone for many small to mid-sized businesses (SMBs). PYMNTS Intelligence’s latest study finds that 90% of SMBs have used at least one...
June 03, 2022
Businesses across all industries have focused more on digital innovation since the start of the pandemic. A recent PYMNTS survey found that over 70% of middle-market U.S. companies have accelerated...
February 03, 2022
Real estate and property management firms were among the many businesses forced to reexamine how they make and receive payments due to the pandemic, which made conducting such processes in...
April 17, 2024
U.S. Bancorp is forecasting a decline in net interest income for this year. In announcing its earnings Wednesday (April 17), the lender said it anticipates net interest income (NII) of $16.1 billion to $16.4 billion, down from earlier projection of at least $16.6 billion for the year. The bank’s NII for the quarter came to $3.9 […]
February 15, 2024
U.S. Bank said Thursday (Feb. 15) that more than 2,000 of its clients have been approved for personal loans over the past few months thanks to the technology and credit...
October 24, 2023
U.S. Bank has introduced a tool that lets businesses offer consumer financing at point-of-sale. The lender’s Avvance offering, announced Tuesday (Oct. 24) is an “embedded, multi-channel point-of-sale lending solution” for businesses. According to...
September 21, 2023
U.S. Bank has introduced an online third-party payment/treasury solution marketplace. The bank’s Connected Partnership Network, announced Thursday (Sept. 21), helps corporate treasury teams easily identify and adopt technology connected with...
