Source: en.wikipedia.org
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...
For merchants, reliant upon consumer spending — and credit as a way to enable that spending — the warning signals are flashing. The Fed’s latest...
The latest readings of gross domestic product (GDP) have been revised down — at least a bit. And though the fourth-quarter GDP still logged some...
In what could be one of the largest acquisitions of the decade, Capital One recently announced it wants to purchase Discover Financial in a deal...
According to the U.S. Commerce Department, retail sales dropped in January by a seasonally adjusted 0.8%. Conventional wisdom suggests a post-holiday season decline in sales would...
The Consumer Financial Protection Bureau (CFPB) aims to boost competition in the credit card industry to deliver lower rates to consumers. The agency announced this...
Is there a literal slowdown in the cards? The Federal Reserve’s latest report on consumer credit data showed that overall, households took on $1.5 billion...
Connecticut reportedly plans to cancel $650 million in medical debt for its residents. This relief will impact around 250,000 people and will make Connecticut the first state...
More and more companies are reportedly taking advantage of a growing leveraged loan market. As Bloomberg News reported Thursday (Feb. 1), these businesses are using...