At least seven companies declared bankruptcy in the last 48 hours, a reported 15-year record. Among the firms seeking Chapter 11 protection were digital media...
Property technology company Avenue One has reportedly achieved unicorn status after raising $100 million. The funding values Avenue One at $1 billion, Bloomberg News reported...
An ex-Federal Reserve official said America’s regional banking crisis hasn’t yet passed. Former Federal Reserve Bank of Dallas President Robert Kaplan said in a Wednesday...
Consumer spending flattened in March while prices continued to rise. The personal consumption expenditures (PCE) price index, excluding food and energy, rose 0.3% from the...
The collapse of Silicon Valley Bank (SVB) roiled the U.S. financial system last month. San Francisco-based LendingClub, a FinTech lender that became a direct-to-consumer (DTC)...
First Republic Bank is reportedly looking to sell assets as it works on a turnaround plan. The bank is weighing the sale of long-dated mortgages...
Businesses are reportedly finding it increasingly difficult to access credit. The trend could lead companies to reduce their investments and slow their growth, Bloomberg reported...
This week will be a momentous one for the country’s small and midsized banks. A number of these financial institutions are set to report earnings...
America’s treasury secretary is warning of a tougher lending environment following two recent bank failures. In a Sunday (April 16) CNN interview, Janet Yellen said...