The Bank of England (BoE) has reported an increase in small businesses defaulting on loans. In the findings of a survey of lenders in the...
LendingClub is cutting 225 jobs as demand for loans falls due to rising interest rates. The cuts — which amount to 14% of the digital...
SMBs are already dealing with inflation but now must bear the brunt of higher interest rate hikes too. It’s an economic one-two punch that forces legions of...
Credit card interest rates are expected to average 20.5% by the end of the year. That would be up from the 19.6% recorded during the...
U.K. SMBs are feeling the pinch as business loan costs have increased to 4.7%. As British banks react to a difficult macroeconomic environment, the cost...
The world’s bankers don’t expect a happy new year when it comes to IPOs. With inflation and interest rates rising and investor enthusiasm for initial...
Stocks, including those of the FinTech IPO Index, slumped as retail sales data disappointed. As PYMNTS reported Thursday (Dec. 15), retail sales in November declined...
Finance companies have seen borrowing costs skyrocket this year as interest rates rise. That’s according to a report Sunday (Dec. 11) by The Wall Street...
Europe’s banks will likely reduce lending next year as the region dips into a recession. That’s according to a Sunday (Dec. 4) Financial Times report,...