June 18, 2024
Nonbank Lenders Pose Risks to Traditional Banks as Private Credit...

Coming into 2024, PYMNTS spotlighted the appeal of private credit, also known as private debt, issued to corporates, and which offered up, and still offers, a capital lifeline to sustain...

June 18, 2024
Malls Stake Their Claim on Legacy Retailers With Express Buyout

Facing an ongoing existential threat from digital-native platforms, malls are doing everything in their power to keep legacy retailers alive — including staking millions to revive a bankrupt fashion chain....

June 17, 2024
Zillow and MLS Firms Settle ShowingTime Antitrust Suit

A settlement has been reached between Zillow Group and three multiple listing service (MLS) organizations in a lawsuit involving Zillow’s ShowingTime product. According to a court document filed on June...

June 14, 2024
NYCB Discloses Signature Bank’s Total Fair Value Was $37.8 Billion

New York Community Bancorp (NYCB) released financial information about its March acquisition of certain assets of Signature Bridge Bank, the successor to Signature Bank, from that bank’s receiver, the Federal...

June 13, 2024
Wells Fargo Employees Let Go for Using ‘Mouse Jigglers’ at...

Wells Fargo has reportedly fired more than a dozen workers accused of faking work. These employees, all part of the banking giant’s wealth/investment management arm, were “discharged after review of...

June 13, 2024
Is Former Synapse CEO Already Moving on With a Robotics...

To paraphrase a famous F. Scott Fitzgerald quote, there are no second acts in life. The Gatsby scribe had never met a tech CEO. The business landscape is populated with...

June 10, 2024
Morgan Stanley: AI Helps Financial Advisers Save Time, Anticipate Needs

The ability of artificial intelligence to transcribe conversations and categorize them by topic can save financial advisers 10 to 15 hours per week, Morgan Stanley CEO Ted Pick said Monday...

June 05, 2024
Record Investment Income Fuels Continued Consumer Spending

Rising investment income, high household wealth and strong employment rates are keeping Americans spending. It’s a phenomenon chronicled Wednesday (June 5) in a report by The Wall Street Journal (WSJ),...

June 04, 2024
Banks Boost Revenue Streams With Transaction Management Services and Technologies

Card spending is volatile, and commercial real estate loans look shaky. Rules on how much capital must be held on banks’ balance sheets are under continued debate. For the largest,...