In his weekly column in Forbes Ron Shevlin of Cornerstone Advisors digs into the Apple Card with research done by...
Writing a guest post for FT Alphaville Victor Basta, managing director of boutique investment bank Magister Advisors, says 2018 will be a year of falling valuations. The drop could hurt aspiring companies looking to go public soon, though a correction in valuations could be a long term positive for the market. Source.
Online small business lender Kabbage as furloughed a significant number of the 500 employees in the U.S.; the company hopes...
N26 has raised another $100 million which is an extension of their Series D round announced last year; the round...
Customers using Zelle within their banking app have fallen prey to a scam where they send money for tickets but never receive the ticket; since the transaction is instantly done the scammer then closes their account and by the time the bank fully settles the payment the money is gone; banks in the Zelle network, and Zelle itself, have said do not send money to anyone unless you know and trust them; when money is lost customers are asking who should be responsible for replace the funds, should the bank refund them or Zelle; the relationship between the banks and Zelle is not entirely clear from the user perspective, with more frauds occurring customers are starting to ask more questions. Source.
Rewriting the Community Reinvestment Act is a welcomed sign by banks like Ally Bank who does not use branches and misses out on benefits awarded to banks with branch networks; focusing on where banks lend would be a better way to assess potential credit instead of where the bank is physically located. Source.
Coronavirus has been the dominating topic of the day and it has taken over almost every aspect of our lives;...
Lendio, the largest small business loan marketplace, has raised $55mn of debt and equity; the round included $31mn in equity...
In a Forbes column, the CEO and Co-Founder of Finix, talks about the need for regulators to create new rules...
The WSJ reports on the return of unconventional mortgages which played a role in the financial crisis a decade ago;...