loans

Jack Ma’s MYbank To Issue $282 Billion In SMB Loans This Year
Jack Ma’s MYbank To Issue $282 Billion In SMB Loans This Year
May 05, 2020  |  Loans

MYbank, the online lending program of billionaire Jack Ma, is facing a serious test as the Chinese economy reels from the effects of the coronavirus,...

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Today In Payments: Analysts Say Wells Fargo Road To Recovery Will Be Tough; N26 Notches $100M Amid Pandemic Uncertainty
Today In Payments: Analysts Say Wells Fargo Road To Recovery Will Be Tough; N26 Notches...
May 05, 2020  |  News

In today’s top news, analysts lowered Wells Fargo’s rating, and N26 raised $100 million in funding. Plus, U.S. banks have extended over $500 billion in...

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Digital Lending Marketplace Offers $3M In Financing To Amazon Sellers
Digital Lending Marketplace Offers $3M In Financing To Amazon Sellers
May 05, 2020  |  Retail

Digital lending marketplace BitX Funding, which matches business owners and non-bank lenders, is aiming to help Amazon third-party (3P) sellers grow. The company has brought...

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Banks Extend $500B In PPP Loans To Help Struggling SMBs 
Banks Extend $500B In PPP Loans To Help Struggling SMBs 
May 05, 2020  |  Loans

Banks in the U.S. have extended over $500 billion in loans to small and medium-sized businesses (SMBs) affected by the COVID-19 pandemic. The Small Business...

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Fed: Demand For Commercial, Consumer Loans Fell As Banks Tightened Standards
Fed: Demand For Commercial, Consumer Loans Fell As Banks Tightened Standards
May 05, 2020  |  Loans

As the coronavirus took hold of the economy, banks in the U.S. tightened standards on loans for both companies and individuals, according to the April...

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Analysts Lower Wells Fargo Rating, Saying Road To Recovery Will Be Tough
Analysts Lower Wells Fargo Rating, Saying Road To Recovery Will Be Tough
May 05, 2020  |  Bank Regulation

Analysts at UBS Securities lowered Wells Fargo’s rating and earnings forecast, saying the bank will have a tougher time bouncing bank from the coronavirus pandemic —...

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Bankers On Fixing B2B Payments API Flaws
Bankers On Fixing B2B Payments API Flaws
May 05, 2020  |  API

Open application programming interfaces (APIs) are playing an increasingly important role in the financial industry as the field grows increasingly digital. Get the Full Story...

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US Treasury Eyes Borrowing Almost $3 Trillion In Second Quarter
US Treasury Eyes Borrowing Almost $3 Trillion In Second Quarter
May 04, 2020  |  Debt

To fight the coronavirus pandemic, the U.S. government said it is planning to borrow $2.99 trillion in the second quarter this year, a record number,...

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SMBs Have Only 69 Days Of Cash, Even With PPP
SMBs Have Only 69 Days Of Cash, Even With PPP
May 04, 2020  |  SMBs

Count entrepreneurs among the most optimistic souls in the universe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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