loans

Corporate Bankruptcies Drop 50 Pct Since Pandemic Start

Corporate Bankruptcies Drop 50 Pct Since Pandemic Start
Corporate Bankruptcies Drop 50 Pct Since Pandemic Start
May 04, 2021  |  Business

The U.S. saw 10 bankruptcy filings by large corporates with at least $50 million in liabilities in April, but that’s almost 50 percent lower than...

READ MORE >
Fed SLOOS: Banks Soften First-Quarter Lending Standards
Fed SLOOS: Banks Soften First-Quarter Lending Standards
May 04, 2021  |  Loans

Banks have softened standards for household and commercial loans in the first quarter of 2021, following a year-long trend of tightening due to the economic...

READ MORE >
UK Banks Anticipate Avalanche Of Firms Extending BBLS Terms
UK Banks Anticipate Avalanche Of Firms Extending BBLS Terms
May 03, 2021  |  Loans

U.K. banks are bracing for an avalanche of requests by businesses to extend terms for the Bounce Back Loan Scheme (BBLS), designed to provide quick...

READ MORE >
Virgin Money Teams With Trade Ledger On Business Lending Tech
Virgin Money Teams With Trade Ledger On Business Lending Tech
April 29, 2021  |  B2B Payments

Virgin Money is collaborating with FinTech Trade Ledger as it keeps developing its corporate banking offering, according to a Thursday (April 29) announcement. Get the...

READ MORE >
Today In Digital-First Banking: LendingClub’s Q1 Loan Originations Increase By 63 Pct; US Bank Provides SPAC Solutions
Today In Digital-First Banking: LendingClub’s Q1 Loan Originations Increase By 63 Pct; US Bank Provides...
April 29, 2021  |  Digital-First Banking

In today’s top news in digital-first banking, LendingClub reported that loan originations grew by 63 percent quarter over quarter, while U.S. Bank is rolling out...

READ MORE >
LendingClub Q1 Loan Originations Grow By 63 Pct
LendingClub Q1 Loan Originations Grow By 63 Pct
April 28, 2021  |  Earnings

LendingClub reported Wednesday (April 28) as part of its first quarter earnings results that loan originations climbed 63 percent quarter over quarter, according to an...

READ MORE >
Experian Unveils Data Suite For SMB Lenders
Experian Unveils Data Suite For SMB Lenders
April 27, 2021  |  B2B Payments

Experian unveiled the Ascend Commercial Suite, which is targeted toward financial institutions focused on business lending and insurance carriers, according to a Thursday (April 27)...

READ MORE >
SMB Lender OnDeck Gears Up For Asset-Backed Security Sale
SMB Lender OnDeck Gears Up For Asset-Backed Security Sale
April 26, 2021  |  Partnerships / Acquisitions

OnDeck Capital, the small to medium-sized business (SMB) digital lender, is reportedly gearing up for its first bond sale after installment loan issuer Enova International...

READ MORE >
Credit Union Group Adds Voice To Resolving PPP Problems For SMBs
Credit Union Group Adds Voice To Resolving PPP Problems For SMBs
April 23, 2021  |  Loans

The Paycheck Protection Program (PPP) has a problem with its forgiveness program, according to the Credit Union National Association (CUNA), which wrote to the House...

READ MORE >