Interest Rates

Banks Hike Rates as Deposits See Historic Drop
Banks Hike Rates as Deposits See Historic Drop
March 06, 2023  |  Banking

Banks are raising their deposit rates to woo back consumers from higher-yield alternatives. A move to things like Treasury bills and money market funds has...

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Merchant Cross-Border Expansion Starts With Localized Payments
Merchant Cross-Border Expansion Starts With Localized Payments
February 28, 2023  |  Cross Border Commerce

The old adage, “When in Rome, do as the Romans do” is more relevant than ever when discussing retailer cross-border expansion. As inflation still looms...

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BigCommerce Shifts From Growth to Profitability as Interest Rates Rise
BigCommerce Shifts From Growth to Profitability as Interest Rates Rise
February 24, 2023  |  Retail

BigCommerce expects inflation and interest rates to slow its revenue growth this year. The Software-as-a-Service (SaaS) eCommerce platform said in a Thursday (Feb. 23) earnings...

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Carvana Says Used Cars Sales Will Drop Again in Q1
Carvana Says Used Cars Sales Will Drop Again in Q1
February 24, 2023  |  Earnings

After a crushing Q4 in which the country’s second-largest seller of used cars saw its unit sales and revenue drop more than 20%, Carvana said...

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Fines, Interest Rate Hike Set 2023 Tone as UK Big Four Cap Year
Fines, Interest Rate Hike Set 2023 Tone as UK Big Four Cap Year
February 22, 2023  |  Banking

In this report, PYMNTS takes a look at the 2022 full-year performance of the U.K.’s “Big Four” banks — Barclays, HSBC, Lloyds and NatWest. Barclays...

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HSBC Profits Jump 90% as Interest Rates Rise
HSBC Profits Jump 90% as Interest Rates Rise
February 21, 2023  |  Earnings

Banking giant HSBC is hopeful the interest rates that led to a huge jump in profits will last into this year. The London-based bank reported...

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Affirm Says Merchants OK With Interest Rate Hikes
Affirm Says Merchants OK With Interest Rate Hikes
February 19, 2023  |  Buy Now Pay Later

Affirm is raising interest rates on its buy now, pay later loans. In an interview with Bloomberg News on Friday (Feb. 17), CEO Max Levchin...

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NatWest Believes UK Interest Rates Have Peaked
NatWest Believes UK Interest Rates Have Peaked
February 17, 2023  |  Banking

NatWest believes that interest rates in the United Kingdom have peaked. The bank said in a Friday (Feb. 17) presentation that it expects that the...

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Bank of America CEO: Consumer Trends Bode Well for Economy 
Bank of America CEO: Consumer Trends Bode Well for Economy 
February 14, 2023  |  Economy

Bank of America Chairman and CEO Brian Moynihan said Tuesday (Feb. 14) at the BofA Securities Financial Services Conference that the bank hears from commercial...

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