Shares of SoFi Technologies Inc. were flying higher in premarket trading Tuesday after the financial-technology company posted results that were dubbed “outstanding” by one analyst. Though the company continues to Read more
Tag: lending
China’s central bank keeps benchmark lending rates unchanged
China’s central bank on Thursday held the benchmark lending rates unchanged as expected, as the yuan continues to face increasing downward pressure. The People’s Bank of China kept the one-year Read more
China’s central bank keeps benchmark lending rates unchanged
China’s central bank on Tuesday kept its benchmark lending rates unchanged, in line with market expectations as Beijing held off on monetary easing to avoid increasing downside pressure on its Read more
Upstart outlook comes up short, but CEO says he’s ‘confident’ in value of AI lending
Upstart Holdings Inc. delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-driven lending. Since Upstart UPST, +9.02% Read more
Crypto trading, lending platforms should offer similar customer protections as stock exchanges, warns SEC chairman Gary Gensler
Crypto trading and lending platforms should offer similar customer protections as stock exchanges provide, warned Gary Gensler, Chairman of the U.S. Securities and Exchange Commission. Gensler made the comments after Read more
Can an effort to revamp anti-redlining lending laws survive the swamp?
Color-coded maps in the 1930s designated predominantly Black and immigrant neighborhoods as too risky to receive New Deal-era government-backed home loans, a practice known as redlining. Without any fresh investment, Read more
Why Apple’s BNPL efforts could mark a ‘tipping point’ in lending
Apple Inc.’s expansion into buy-now pay-later financing could be just the beginning of an attempt to shake up the traditional payments system. The consumer-electronics giant has made other ventures into Read more