March 12, 2024
Goldman Sachs Aims for $300 Billion Private Credit Portfolio

Goldman Sachs Asset Management is reportedly planning a major expansion of its private credit portfolio. The Wall Street giant aims to grow that portfolio to $300 billion in five years, up from $130...

March 12, 2024
Report: SVB Collapse Triggered Record $285 Million Penalty

Silicon Valley Bank’s (SVB) collapse was one of the largest banking failures in American history. And according to a report Tuesday (March 12) by Bloomberg News, that collapse brought with it the largest...

March 11, 2024
Zeebu Marks $1 Billion in Web3 Settlement Transaction Volume

Web3 payments platform Zeebu said it exceeded $1 billion in first quarter transaction volume. “In just seven months following the debut of its on-chain settlement platform, Zeebu swiftly advanced from settling nearly...

March 11, 2024
Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions

It’s said that those who don’t learn from history are doomed to repeat it. The spectacular flameout of Silicon Valley Bank (and other banks subsequently), happened March 10, 2023, which seems long...

March 08, 2024
Cloud Technology, Instant Payments Accelerate Hospitality Brands’ Digital Transformation

From online booking platforms and mobile check-in services to AI-powered chatbots and virtual concierge services, technology is not only changing the way hotels operate, but redefining the guest journey, making...

March 08, 2024
Credit Spigots Continue to Tighten for Small Businesses

The traditional spigots of credit continue to tighten for small businesses. Blame higher rates, the continued fallout of the Silicon Valley Bank collapse last year, and skittishness on the part of lenders....

March 08, 2024
Are Challenges Still Holding Back Instant Payments Adoption in the...

Commerce stands on the brink of widespread access to instant payment solutions — or so it hopes. The potential of instant payments to animate a fundamentally more agile and responsive...

March 07, 2024
Financial Institutions’ Net Income Drops 43.9% Amid FDIC’s Special Assessment

Financial institutions’ net income dropped 43.9% in the fourth quarter of 2023. The net income of commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) totaled $38.4 billion...

March 07, 2024
Regional Banks Still Face Roadblocks One Year After SVB Crisis

One year after the 2023 banking crisis, America’s regional lenders continue to struggle. A report Thursday (March 7) by Reuters examined the hurdles facing these mid-sized banks, such as higher deposit costs...