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The online consumer lender has told about 140 employees who process loan applications that it is eliminating their positions. The job cuts come as Upstart struggles to get banks and other investors interested in buying enough of its loans.
November 2 -
U.S. Supreme Court justices questioned the legality of stiff penalties the federal government says it can impose on people who fail to file required reports listing their foreign bank accounts.
November 2 -
The increases may simply reflect better detection and reporting, but banks continue to facilitate large ransom payments to sanctioned individuals.
November 2 -
Binance Holdings founder and CEO Zhao "CZ" Changpeng, who last month said the crypto exchange may spend more than $1 billion on deals this year, is considering targets including banks as the boundary between the digital-asset industry and traditional finance blurs.
November 2 -
Just as automakers start making headway sorting out the parts shortages that have constrained production and left dealers with a scarce supply of vehicles to sell, the Federal Reserve is putting up a new obstacle: much costlier car loans.
November 2 -
In global news this week, the U.K.'s FCA adds more tech for vetting; SWIFT delays digital pay standards and big banks join a global payment network.
November 2 -
Crypto executives pulled back on political giving in the immediate run-up to the Nov. 8 midterm elections, a move that followed the crash in digital currencies like bitcoin and ether.
November 2 -
The cryptocurrency conglomerate Digital Currency Group promoted Mark Murphy to president from chief operating officer as part of a restructuring that saw about 10 employees exit the company.
November 2 -
FDIC data shows an uptick in the number of Americans with access to basic banking services. That momentum has to continue.
November 2
Federal Deposit Insurance Corp. -
By partnering with well-known payment providers like PayPal, Apple and Google, Bitstamp hopes to reach a broader audience.
November 2 -
The shift in refi behavior — in the wake of multiple Federal Reserve interest rate hikes — helped fuel a loan growth trend that's expected to continue through year-end.
November 1 -
How the small business market is evolving. Challenges ahead. What we (banks) need to be thinking about – payments space, staffing challenges, cost reduction, open banking. The bank's customer research and vision for the future.
November 1 -
By analyzing financial transaction data, banks can discover a holistic view of their SMB banking customers' cash flow and business performance.
November 1 -
Research shows that a significant portion of SmB owners would welcome counsel from their bankers who want to position themselves as "trusted advisors." On what issues should they be prepared to advise? How to do this cost effectively? How to measure effectiveness?
November 1
















