Mexico’s central bank has found that the country’s financial system remains resilient and stable despite the challenges posed by the complex global economic landscape. In a recent financial stability report, the Bank of Mexico (Banxico) highlighted the robust position of the country’s banking system, emphasizing its...
American regulators approved new guidelines for monitoring financial risk following this year’s banking crisis. The U.S. Treasury Department’s Financial Stability Oversight Council (FSOC) on Friday (Nov. 3) announced it had approved a new analytic framework for financial stability risks and updated guidance for non-bank financial company determinations process. “Financial...
Michael S. Barr, vice chair for supervision at the Federal Reserve, addressed the increased experimentation with new payment technologies, such as stablecoins and central bank digital currencies (CBDCs), on Friday (Oct. 27). During the Economics of Payments XII Conference held at the Federal Reserve Board in...
Current economic conditions and consumers’ drive to maintain a certain standard of living has led to a pervasive level of private debt across the economy, with 1 in 3 U.S. consumers owing more than $250,000 in outstanding debt, mostly made up by mortgages and auto...
January 31, 2024
Flexible and accessible borrowing tools are a financial cornerstone for many small to mid-sized businesses (SMBs). PYMNTS Intelligence’s latest study finds that 90% of SMBs have used at least one type of borrowing tool in the past year. Approximately three-fourths of SMBs are using revolving credit, with rewards credit cards increasingly favored for their versatility […]
August 31, 2023
In a credit-based economy like the United States, credit scores have a big impact on consumers’ ability to access loans and afford everyday essentials. But as noted in the report...
March 27, 2023
PYMNTS’ research finds that 62% of United States consumers lived paycheck to paycheck in February 2023. Fewer consumers live paycheck to paycheck with issues paying their bills, at 20%...
November 26, 2018
A more than 30 percent drop in bitcoin prices last week ranks up there in terms of worst-ever one-week declines. There are signs, though, that the price drop for the marquee...
December 06, 2023
Mexico’s central bank has found that the country’s financial system remains resilient and stable despite the challenges posed by the complex global economic landscape. In a recent financial stability report, the Bank of Mexico (Banxico) highlighted the robust position of the country’s banking system, emphasizing its ability to withstand stress and maintain liquidity, Reuters reported Wednesday (Dec. 6). […]
November 05, 2023
American regulators approved new guidelines for monitoring financial risk following this year’s banking crisis. The U.S. Treasury Department’s Financial Stability Oversight Council (FSOC) on Friday (Nov. 3) announced it had approved a new analytic...
October 27, 2023
Michael S. Barr, vice chair for supervision at the Federal Reserve, addressed the increased experimentation with new payment technologies, such as stablecoins and central bank digital currencies (CBDCs), on Friday (Oct....
October 03, 2022
The volatility of digital assets has been largely confined to the digital ecosystem and has had little effect on the traditional financial system. But that could change if the digital...
