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- AB - Technology
The consumer lending fintech is continuing to branch away from its original student loan refinancing gig to drive revenue and beat analysts' predictions.
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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.
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The increases may simply reflect better detection and reporting, but banks continue to facilitate large ransom payments to sanctioned individuals.
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By partnering with well-known payment providers like PayPal, Apple and Google, Bitstamp hopes to reach a broader audience.
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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.
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The global climate coalition said in a new report that its members maintain "independent investment decision-making" authority after some U.S. banks grew concerned about legal exposure to rules requiring the phaseout of fossil-fuel investments.
