Who are the winners of the digital banking transition?

Big traditional banks face increasing pressure amid digital banking advances among regional and community competitors, according to a new report from the Kroll Bond (KBRA) rating agency. The coronavirus pandemic has accelerated the rise of digital banking services with a greater focus on online lending, deposits and processing, the rating …

Read More »

Churning stocks falter a day after hitting record highs

US stocks hovered between gains and losses on Wall Street on Tuesday afternoon trading as investors shifted to a more cautious mood a day after the market hit its most recent high. Tech stocks slipped after fluctuating earlier in the day. Financials fell as bond yields eased. This has countered …

Read More »

The pandemic has changed personal finance education in schools

miodrag ignjatovic | E + | Getty Images (State of Financial Education: Many money problems that Americans face could have been avoided if financial literacy had been taught earlier in school. This knowledge helps create a foundation for students to develop. strong financial habits early on and avoiding many mistakes …

Read More »

Study: Places Most Dependent on Local Colleges

As the coronavirus spread around the world earlier this year, colleges and universities across the United States have switched to distance learning to mitigate the possibility of outbreaks on campus. Now, even as the number of new cases in the United States continues to break records, many schools are planning …

Read More »

The faces of Americans in debt

A large sum of money owed can seem strangely incorporeal – it can weigh heavily while still feeling somehow abstract, unreal. Since shame comes to debt as inexorably as interest, many people do not like to talk about the topic, which makes it even less visible. (One exception is the …

Read More »

Today in B2B: Zomato collabs on financing

Share Tweet Share Share Share E-mail In B2B payments today, Zomato is partnering with restaurant finance, as garment suppliers in Bangladesh struggle with canceled orders and late payments. Additionally, Wolters Kluwer is beefing up its PPP software, Sage is collaborating on retail financial solutions, and the Central Bank of Russia …

Read More »

Victoria Beckham ‘lends 137 million rand to save fashion business’

Through Bang showbiz June 19, 2020 Share this article: ShareTweetShareShareShareE-mailShare Fashion designer Victoria Beckham is said to be about to take out a R137 million loan to save her business. The singer-turned-designer was offered the loan after her company, Victoria Beckham Ltd, suffered significant losses over a four-year period. The …

Read More »

Club credits vs syndication: now it’s serious

It’s rare for a successful fundraiser for a reputable name to shed light on some of the deepest issues in the loan market. But some recent acquisition loans in Asia have done just that – and reopened the debate between syndication and club loans. For Asian borrowers considering a new …

Read More »

Buy now, pay when? Lift lockout for online shopping loans

Buy now, pay when?  Lift lockout for online shopping loans

(Reuters) – While browsing online during the lockdown, Jessica Friend spotted a pair of Ray-Ban sunglasses she liked, but the price made the 30-year-old Ohio resident think twice . What persuaded her to click “ buy, ” Friend said, was the short-term credit offered by Afterpay. APT.AX, which divided the …

Read More »

Restaurants move one step closer to $ 25 billion in relief

The House of Representatives passed President Joe Biden’s $ 1.9 trillion COVID relief bill early Saturday, meaning restaurants are one step closer to $ 25 billion relief. Under the Restaurant Revitalization Fund, food and beverage businesses with 20 locations or less will be eligible for grants equal to the difference …

Read More »

Stocks close largely lower on Wall Street as banks stumble

Stocks closed broadly lower, abandoning their gains from the previous day. Banks suffered some of the biggest losses as bond yields fell today and energy companies fell alongside a sharp drop in the price of crude oil. The S&P 500 lost 0.8%. Smaller company shares, which have largely outperformed the …

Read More »