Interest Rates

Fines, Interest Rate Hike Set 2023 Tone as UK Big Four Cap Year
Fines, Interest Rate Hike Set 2023 Tone as UK Big Four Cap Year
February 22, 2023  |  Banking

In this report, PYMNTS takes a look at the 2022 full-year performance of the U.K.’s “Big Four” banks — Barclays, HSBC, Lloyds and NatWest. Barclays...

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HSBC Profits Jump 90% as Interest Rates Rise
HSBC Profits Jump 90% as Interest Rates Rise
February 21, 2023  |  Earnings

Banking giant HSBC is hopeful the interest rates that led to a huge jump in profits will last into this year. The London-based bank reported...

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Affirm Says Merchants OK With Interest Rate Hikes
Affirm Says Merchants OK With Interest Rate Hikes
February 19, 2023  |  Buy Now Pay Later

Affirm is raising interest rates on its buy now, pay later loans. In an interview with Bloomberg News on Friday (Feb. 17), CEO Max Levchin...

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NatWest Believes UK Interest Rates Have Peaked
NatWest Believes UK Interest Rates Have Peaked
February 17, 2023  |  Banking

NatWest believes that interest rates in the United Kingdom have peaked. The bank said in a Friday (Feb. 17) presentation that it expects that the...

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Bank of America CEO: Consumer Trends Bode Well for Economy 
Bank of America CEO: Consumer Trends Bode Well for Economy 
February 14, 2023  |  Economy

Bank of America Chairman and CEO Brian Moynihan said Tuesday (Feb. 14) at the BofA Securities Financial Services Conference that the bank hears from commercial...

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Digital Banks May Benefit as Consumers Chase High-Yield Savings
Digital Banks May Benefit as Consumers Chase High-Yield Savings
February 14, 2023  |  Digital Banking

There’s never been a better time for digital-first financial institutions (FIs), as customers are pulling their savings from big banks. The opposite seemed true just...

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As Inflation Rages, 0% Financing Turns Shoppers Into Buyers
As Inflation Rages, 0% Financing Turns Shoppers Into Buyers
February 10, 2023  |  Consumer Payments

Consumers are getting ready to battle inflation for the long haul — tapping every resource that’s available. Here’s one telltale sign: Valley Bank EVP and...

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JPMorgan CEO Warns High Prices May Continue
JPMorgan CEO Warns High Prices May Continue
February 09, 2023  |  Economy

The head of America’s biggest bank said the battle against inflation may not be over. J.P. Morgan Chase CEO Jamie Dimon warned that the Federal...

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Affirm Hits Speed Bumps, Slashes Staff as Consumer Demand for BNPL Decelerates
Affirm Hits Speed Bumps, Slashes Staff as Consumer Demand for BNPL Decelerates
February 09, 2023  |  Earnings

For Affirm, growth is still in the mix, and demand is still there for buy now, pay later.  But the growth rates are decelerating, leading...

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