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Boston Federal Reserve President Eric Rosengren

Fed’s Rosengren Shows Support for Biden’s Stimulus Proposal

Boston Federal Reserve President Eric Rosengren said on Jan. 15 that President Joe Biden's proposed stimulus plan is much needed for an...

Walmart plans to launch its own fintech

Walmart, the American retail giant is planning on launching a fintech platform to penetrate the growing digital financial landscape space. The retailer...

JP Morgan and Citibank post positive Q4 results after a tumultuous year

The ripples of the pandemic could be felt throughout the economy in 2020 and the banking sector was no exception. Despite experiencing...

Biden Picks Rohit Chopra as Head of Consumer Protection Agency

President-elect Joe Biden picked Rohit Chopra to serve as the next director of the Consumer Financial Protection Bureau (CFPB), two sources told...

Housing Prices Rise in the Middle of U.S.

While the pandemic has negatively impacted many industries, the housing market experienced higher gains in 2020 than in the past decade. The most...
Europe Digital Banks

Consolidation Looms Over Europe’s Digital Banks After a Tumultuous 2020

Due to the coronavirus pandemic, the prominence of digital banks and online banking has increased substantially over the past year.

OCC: National Banks Can Accept, Process Stablecoin Payments

The OCC has allowed national banks to participate in independent node verification networks and use stablecoins for payments. In an interpretive letter...

SoFi Merges with Social Capital Hedosophia to Form a One-Stop-Financial-Shop

SoFi, the online lender, has merged with SPAC Social Capital Hedosophia to pave the path for the fintech to go public. The...
U.S. Construction

U.S. Construction Spending Increases by 0.9% in November

U.S. spending on construction projects increased by 0.9% to $1.459 trillion in November, the highest level since the government started tracking the...

U.S. Treasury, Other Government Agencies Update Software After Data Breaches

SolarWinds released a new software update after suffering cyber breaches from foreign hackers. The Texas-based software provider is cooperating with law enfocement...

Recent Articles

Bumble’s IPO Reveals Steady Growth, Losses

The dating app Bumble's IPO reveals steady growth, as well as losses. Due to high operating costs, the company is running at...

AMC Successfully Avoids Bankruptcy with New Funding

AMC Entertainment was granted a new lifeline after months of bankruptcy projections. The company announced on Jan. 25 that it has raised...

OCC finalizes Fair Lending Rule, forcing banks to lend to politically unfavorable companies

In his last days in office, acting comptroller Brain Brooks finalized the Fair Lending Rule. The new OCC rule will forbid banks...
Boston Federal Reserve President Eric Rosengren

Fed’s Rosengren Shows Support for Biden’s Stimulus Proposal

Boston Federal Reserve President Eric Rosengren said on Jan. 15 that President Joe Biden's proposed stimulus plan is much needed for an...

New SPAC ECP Environmental Growth Opportunities Corp. to Help Combat Climate Change

ECP Environmental Growth Opportunities Corp. has filed paperwork with the SEC registering 25 million units to trade on the NASDAQ. These filings...

Most Popular

New Chapter 11 Filings, Disclosures: May 18 – May 22, 2020

Credit issuers lowered various ratings of eight companies that either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the...

Revolution Acceleration Acquisition Corp Goes Public Looking for a Suitable Target

Revolution Acceleration Acquisition Corp has filed paperwork with the SEC announcing its IPO. In its S-1 form Revolution Acceleration Acquisition Corp registered...
Rubik's Cube

Bancroft Bridge Fund Exits Rubik’s Brand

Bancroft Bridge Fund, which is managed by European PE firm The Bancroft Group, has sold its stake in Rubik's Brand Ltd (RBL)....

New Chapter 11 Filings and Disclosures: June 22 – June 26, 2020

Six new companies have either filed for Chapter 11 Bankruptcy or defaulted on loans during the week of June 22 – June...
Tacogen Merger Forte Biosciences

Forte Biosciences, Inc. and Tacogen Announce Merger

Forte Biosciences Inc and Tacogen have recently announced a merger. Just a few months ago Tacogen faced a major setback in late...