PYMNTS-MonitorEdge-May-2024

interest

Interest, in finance and economics, is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.

Source: en.wikipedia.org

HSBC Bank USA Launches Interest-Bearing Checking Account for Businesses
HSBC Bank USA Launches Interest-Bearing Checking Account for Businesses
May 17, 2024  |  Banking

HSBC Bank USA has introduced a checking account for business clients that combines an earnings credit rate (ECR) with credit interest. The new HSBC Hybrid Checking Account earns...

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US Bancorp Interest Income Dips as Customer Caution Continues
US Bancorp Interest Income Dips as Customer Caution Continues
April 17, 2024  |  Banking

U.S. Bancorp is forecasting a decline in net interest income for this year.  In announcing its earnings Wednesday (April 17), the lender said it anticipates net...

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Opendoor Business Model Flaw Drives Losses on 42% of August Deals
Opendoor Business Model Flaw Drives Losses on 42% of August Deals
September 19, 2022  |  Real Estate

Opendoor Technologies reported it lost money on 42% of transactions in August as the U.S. housing market falters for builders, flippers and others looking to...

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Apple Expands Zero Pct Apple Card Financing
Apple Expands Zero Pct Apple Card Financing
June 16, 2020  |  Apple

Apple will now be allowing zero percent interest on financing options for several of its products, including the Mac lineup, iPad, AirPods Pro, AirPods, Apple...

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Apple Card Users Get Pass On March Payment, Interest
Apple Card Users Get Pass On March Payment, Interest
March 15, 2020  |  Apple

As a way to provide some relief to the financial pressure that people could be experiencing as a result of the coronavirus, Apple alerted Apple...

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JPMorgan Chase Settles Class-Action Suit Accusing Bank Of Overcharging Credit Fees On Digital Currency Buys
JPMorgan Chase Settles Class-Action Suit Accusing Bank Of Overcharging Credit Fees On Digital Currency Buys
March 12, 2020  |  Cryptocurrency

Plaintiffs in a case that alleged JPMorgan Chase charged clients too much for buying digital currencies with their credit cards have reportedly arrived at a...

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Reading Tea Leaves – And Ripple Effects – Of Corporate Default Risk  
Reading Tea Leaves – And Ripple Effects – Of Corporate Default Risk  
November 22, 2019  |  Debt

There’s the old saying: When you owe $500,000, the lender owns you. When you owe $50 million, well, you own the lender. The scenario comes...

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Robinhood Relaunches Checking Feature With 2 Pct. APY
Robinhood Relaunches Checking Feature With 2 Pct. APY
October 08, 2019  |  Investments

Stock trading app Robinhood, which offers no-fee trading, is relaunching a checking feature called Cash Management after it was previously shelved due to regulatory issues....

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Bitcoin Daily: Facebook Posts More Blockchain Jobs; New Coinbase Programs Look To Collect Interest On Parked Crypto
Bitcoin Daily: Facebook Posts More Blockchain Jobs; New Coinbase Programs Look To Collect Interest On...
March 31, 2019  |  Bitcoin

The former CEO of defunct bitcoin exchange Mt. Gox is planning to appeal his conviction on data manipulation charges. Mark Karpeles said he decided to...

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