VCs Think Rate Cuts Could Help Lending FinTechs

Americans’ struggles with their bills has reportedly been bad news for consumer lending firms. Shares in those companies fell last week following warnings from executives about lower-income customers struggling to stay on top of payments, The Wall Street Journal (WSJ) reported Saturday (Sept. 14). Also...

U.S. corporate bankruptcies reached their highest level in a year in April. That’s according to a Sunday (May 12) report by Seeking Alpha, citing data from S&P Global Market Intelligence which shows companies pressured by continued high interest rates. The data showed 66 new bankruptcy filings last...

BAFS (Business Alliance Financial Services) has debuted a platform to connect commercial lenders with borrowers. The Louisiana company’s Borrower Portal, announced Tuesday (Feb. 6), lets borrowers input loan request information, upload documents, and submit loan applications, and comes as the lending environment grows increasingly tight. “Borrowers are...

Investment banks are reportedly trying to win back leveraged finance deals from the private credit space. Banks such as Goldman Sachs, Citi and Barclays are among the banks in talks with buyout firms about loans issued during more volatile periods, Bloomberg News reported Monday (Jan 22), citing sources with knowledge of...