February 20, 2020
China’s Lenders Cut Prime Rate To Boost Sick Economy
Chinese lenders have cut their prime lending rate to try and prop up their country’s economy, which has been ravaged by the coronavirus, according to the Financial Times on Thursday (Feb. 20)....
February 20, 2020
Combating Commercial Cards’ Need For The Personal Guarantee
In fast-growth small businesses, the focus is on expanding the top line — not tackling the paper chase in the back office. Yet, without the resources to invest in finance...
February 20, 2020
Laura Ashley Catches Second Wind With Funding From MUI
Laura Ashley shares have recovered in the aftermath of an agreement finally reached between its main shareholder and leading creditor, The Financial Times reported. The agreement should help the struggling...
February 20, 2020
Taxi Medallion Loans Sold To Distressed Asset Manager For $350M
Marblegate Asset Management, known for buying up distressed assets, now holds the largest lot of New York’s taxi-medallion loans, according to published reports Wednesday (Feb. 19). The National Credit Union Administration...
February 20, 2020
Debt Protection Costs Lowest Since Pre-Recession
Those looking to insure against some of the globe’s largest corporate borrowers are in luck: The debt protection cost has dropped to its lowest point since 2007, according to index...
February 18, 2020
Franklin Templeton Agrees To Buy Legg Mason For $4.5B
Franklin Resources agreed to buy rival asset manager Legg Mason for US$4.5 billion in cash, a deal that could help two big players in an industry that is under pressure...
February 18, 2020
Personal Finance Apps Vie For Top Spot
Personal finance apps – for budgeting, investing or just squirreling money away – fulfill a core tenet of digital transformation in finance: that machines can help us do more with...
February 18, 2020
Pier 1 Plans Sale As It Goes Bankrupt
Troubled home-décor chain Pier 1 Imports has plans to sell the company as it applies for Chapter 11 bankruptcy and shutters as many as 450 stores — nearly half of...
February 18, 2020
Taking The Temperature Of B2B Payments In Healthcare
The U.S. healthcare system is a multi-trillion dollar industry, but one rife with inefficiencies, especially when it comes to payments. In an interview with PYMNTS, Todd Harbison, chief revenue officer...
The “Buy Now, Pay Later Tracker®,” a PYMNTS and Afterpay collaboration, brings you the latest news and research from the buy now, pay later space. It features expert analysis of changing payment trends as well as insights from top insiders within the retail and fashion industries.
Discouragement, fear and frustration stop consumers when it comes to improving their credit scores, with at least 15% either not knowing where to begin or afraid of taking on more debt. PYMNTS Intelligence’s latest study of 2,558 consumers reveals the knowledge and tools consumers need to succeed in today’s economic environment.
Read more in “The Credit Accessibility Series: Declining Purchasing Power Pushes Consumers to Improve Credit Scores,” a collaboration with Sezzle.