Spend management platform Ramp says it is now a $7.6 billion company after a fundraising round.
Shares of Walmart-Backed Ibotta leapt 33% during the firm’s debut on the New York Stock Exchange on Thursday (April 18).
The first-quarter increase stemmed from higher interest rates, partial charge-offs and certain problem loans, many involving commercial real estate, executives at the Dallas bank say. Further CRE deterioration is anticipated.
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
Institutions launching bitcoin ETFs this year have buoyed the bitcoin price to record levels. Does that mean the impact of the halving — the four-year slashing of the bitcoin reward — could be relatively muted?
Mercury, the fintech over 100,000 startups use for banking*, today announced its expansion into consumer banking with the launch of Mercury Personal, a powerful personal banking experience designed with the best of today’s technology to help builders in tech optimize their money.
AffiniPay has expanded the availability of its payment processing solutions for attorneys and accounting professionals to Puerto Rico.
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.