Tag: economy

August 17, 2023

The fintech says the expansion and refinancing of its existing credit facility will “sustain its efforts in helping underserved clients” as it seeks to grow its current portfolio and presence in the US market. “This deal not only strengthens our […]

August 17, 2023

Would you entrust your savings to Elon Musk? The question may seem hyperbolic, but essentially, that’s the multi-billion dollar query at the heart of Musk’s “everything app” vision, that he’ll be able to convince millions, even billions of people to […]

August 16, 2023

As a Minority Depository Institution (MDI) and a US Small Business Administration Preferred Lender, Tasi Bank, a division of the Bank of Guam, supports a consolidated offering of banking and fintech capabilities to serve the region’s financially excluded communities, with […]

August 15, 2023

Citizens Bank of Edmond CEO Jill Castilla’s latest venture combines two key elements of her professional life: financial services and the military. For the past several years, the bank executive and military veteran has been building a national digital bank […]

August 14, 2023

The list of credit unions and community banks engaging with the service now includes ACFCU, Barksdale Federal Credit Union, Eglin FCU, Financial Edge, First Credit Union, Highmark Federal Credit Union, PeopleFirst FCU and TruStone Financial CU, among others. Bolstered by […]

August 11, 2023

Revolut confirmed this week that from 2 September, its US customers will no longer be able to place buy orders for crypto with the bank, with access due to be fully disabled from 3 October. Speaking to FinTech Futures, a […]

August 10, 2023

Citing a survey result, Greenlight says 84% of teenagers between the ages of 18 and 19 have zero credit history, limiting their opportunities to get their first job, or buy a car and a home. Additionally, Greenlight’s research suggests that […]

August 1, 2023

Over the last few years, inflation, rising interest rates and high costs for just about everything have impacted nearly everyone – but for Gen Z, the economic environment has had a profound impact, a new U.S. Bank survey found. Members […]

July 14, 2023

A top buyer of Russian oil is bracing for trading trouble as the price of Urals, the country’s main export grade, breaks through a $60-a-barrel cap set by Western nations to curb Moscow’s revenue. India and China have been the […]

July 3, 2023

Brian O’Connell of insuranceQuotes.com shares how employers leverage insurtech to improve employee benefits and navigate the changing workplace landscape. Intro: Highly publicized trends like great resignation and quiet quitting significantly impact the workplace, so employers are turning to innovations to […]

June 30, 2023

In the latest trading session, U.S. Bancorp (USB) closed at $32.76, marking a +1.36% move from the previous day. This move outpaced the S&P 500’s daily gain of 0.45%. At the same time, the Dow added 0.8%, and the tech-heavy […]

June 29, 2023

Federal Reserve Chair Jerome Powell stressed the importance of strong capital buffers for a resilient banking system, as evident from the failures of Silicon Valley Bank and two other midsize banks in March and May. While speaking Thursday at an […]

June 29, 2023

Financial sponsors have become progressively more involved in the insurance sector over recent decades. Their involvement broadly falls into three categories: Sponsors establishing or acquiring their own life and annuity insurers or reinsurers on an own-account basis, either wholly owned […]

June 28, 2023

The credit union says it will utilise Apiture’s Consumer Banking and Business Banking solutions to deliver “in-demand” features through an “intuitive” online interface and mobile app. It will also leverage Apiture’s Data Intelligence solution to drive digital engagement and provide […]

June 28, 2023

The EC says the proposals reflect the changes seen in the payment services market in recent years. It claims electronic payments in the EU have been on the rise and were greatly accelerated by the Covid-19 pandemic. With new providers […]

June 27, 2023

U.S. Bank today launched its first emerging middle market-focused commercial card solution, the U.S. Bank Commercial Rewards Card. Powered by TravelBank – the award-winning fintech U.S. Bancorp acquired in 2021 – the new all-in-one card, expense and travel management solution […]

June 26, 2023

PacWest has agreed to sell a $3.54 billion portfolio of lender finance loans to asset manager Ares Management Corp., the bank said Monday in a filing. “This transaction will improve our liquidity and capital as we continue to implement our […]

June 26, 2023

The father of an active shooter who killed three elderly women in Farmington, New Mexico, on May 15 used a Visa credit card a few months before the attack to pay for part of the purchase of an AR-15 semi-automatic […]

June 20, 2023

The Australian dollar is on offer this morning against the US dollar even though the greenback remains relatively flat as measured by the DXY index. The selloff stemmed initially from concerns around the Chinese economy as the PBoC cut both […]

April 7, 2023

After setting three straight monthly records, the number of employed Americans leaped again last month, reaching another all-time high in March. The Labor Department’s Bureau of Labor Statistics says 160,892,000 Americans were employed last month, an increase of 577,000 over […]