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The buy now/pay later lender posted larger-than-expected losses, and following its layoffs it will deemphasize products with an uncertain short-term outlook, such as crypto trading.
February 8
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The regulator's proposal adds to measures already in place—net short positions—but critics worry that overzealous application could dampen the market.
February 8
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The North Carolina bank's new financing program will allow electric car buyers to include the cost of an at-home charging station in their auto loan.
February 8
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The company's mortgage operations posted a $24 million pretax profit thanks to servicing, while loan production saw a loss.
February 8
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Retail (36.1%) and office (28.1%) accounted for the largest percentages of loans by far, and the largest percentage of loans is in large metro areas.
February 8
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PAID 2023-1 will secure the underlying assets through a three-month pre-funding period, half of the six-month period that was in place for 2022-5.
February 7
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Solar Mosaic offers loans for residential solar energy systems with tenors of five to 25 years, a decrease of 10 to 30 years under previous loan offerings.
February 7
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This year likely won't match 2022's heights, but executives expect loan growth to remain solid.
February 7
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Truist Financial eliminated about 5% of its investment banking division amid uncertainty surrounding the dealmaking environment, according to people with knowledge with the matter.
February 7
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Ivascyn finds himself at a critical juncture. Pimco Income Fund, the world's largest actively managed bond fund, has started to trail its very top-performing peers.
February 7
