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The San Mateo, California-based online consumer lender has now laid off some 500 employees in recent months. The downsizing reflects broader challenges in the tech industry, but it also comes as Upstart struggles to get enough funding for its loans.
January 31
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In this month's roundup of American Banker's favorite stories: Development of central bank digital currencies gains momentum, ongoing lawsuits against JPMorgan Chase and PNC address the banks' liability and more.
January 31
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Russia's aggression has brought added motivation to the team at Fuelfinance, according to founder and CEO Alonya Mysko.
January 31
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The company reported its seventh consecutive quarter of record adjusted net revenue.
January 30
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The company wants to get bids in as quickly as possible to take advantage of current market conditions, a lawyer for the crypto lender said.
January 30
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From BNY Mellon to the mutual fund giant Fidelity Investments, BlackRock and Nomura Holdings, members of the Wall Street establishment are planning for a future in digital assets.
January 30
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An AI framework released by the National Institute of Standards and Technology this week is the government's advice on coping with pitfalls and making the software trustworthy.
January 27
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JPMorgan Chase alleges in a lawsuit that the college-planning website Frank provided misleading information before the bank bought it. Experts say there were plenty of red flags from the beginning.
January 27
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JPMorgan Chase has a head start when it comes to developing and deploying artificial intelligence in banking, according to a new study.
January 27
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The company will also slow investments in new products this year as it copes with economic uncertainty.
January 26
