Lending

Alternative credit expert Reckoner Capital Management on July 9 introduced the Reckoner Leveraged AAA CLO ETF (NYSE:RAAA), the industry’s first ETF providing leveraged exposure to AAA-rated collateralized loan obligations (CLOs). The fund seeks to provide increased yields by matching high-...

Nonbank lenders, who now lead the charge in the U.S. residential mortgage sector worth $12 trillion, have been found to impose higher fees, disproportionately affecting Black and Latino homebuyers. What Happened: As per a recent Bloomberg analysis published on Tuesday, conventional banks have...

In a bid to help countries tackle climate change and other challenges, World Bank President Ajay Banga has unveiled plans to stretch the bank’s balance sheet, Reuters reports. Reforming the World Bank: The new proposals, which are still under discussion with shareholder countries, were...

Online loan marketplace LendingTree Inc (NASDAQ: TREE) issued its earnings report for the fourth quarter of 2022, surpassing analyst expectations, though the news was not all positive for the personal and mortgage loan lender. The company laid off about 200 employees amid the high rate environment...

Credit Suisse Group AG (NYSE: CS) dominated headlines Monday morning amid rising concerns about the Swiss bank's financial health and new developments continued to unfold pointing to problems with the lender's business.  What Happened: According to a...

Artificial intelligence based lending company Upstart Holdings Inc (NASDAQ: UPST) reported second-quarter financial results after the market close Monday. Here are the key takeaways.  What Happened: Revenue in the second quarter was $228 million, up 18% year-over-year. Revenue came is below a...

Major U.S.-based cryptocurrency exchange Coinbase Global Inc. (NASDAQ: COIN) launched interest-earning features based on decentralized finance (DeFi) protocols. But, the U.S. is left out of the project. What Happened: Coinbase announced it is "making DeFi more accessible...

Time is money. That’s according to Kosta Ligris, the CEO and co-founder at Stavvy, a Boston-based fintech connecting lenders with third-party vendors. “Every time something has to be repeated manually, or there are systems that don’t talk to each other, there’s a tremendous...

Moma Protocol is opening the door to a wealth of assets to enter decentralized lending. The implications this poses for the defi community are significant as whispers of infinite liquidity abound.  According to its CEO and Founder, Ocean Liao, Moma will provide “an expandable, scalable...

A lot has changed in the world of finance in recent years. The traditional bank loan has become harder to attain and start-up businesses have begun to look for alternative methods of raising funds.  The emergence of cryptocurrencies has brought new avenues to those looking for funding, and the...

While the shares of both Ally Financial Inc (NYSE: ALLY) and Santander Consumer USA Holdings Inc (NYSE: SC) are “at the high end of their respective trading ranges,” auto lenders are expected to face a positive economic and operating environment, which should drive earnings estimates...

As digital lending continues to rise, one can only be left to wonder how it got this way? For a long time, the process of obtaining a loan was long, arduous, and downright anxiety-ridden. Living in the digital age gives our constant existence a sense of urgency, of needing to adapt or move on to...

Mobile financing app Boro announced Wednesday that it will use $12 million in newly secured Series A funds to expand lending capabilities to credit-crunched students. Boro provides credit to students and graduates who are underserved by traditional lenders CEO Hao Liu told Benzinga.  Why Boro...

LendingClub Corp (NYSE: LC) reported Tuesday first-quarter results that shows the company made "significant gains across all fronts" over the past three years, according to Wedbush. The Analyst Wedbush's Henry Coffey upgraded LendingClub from Neutral to Outperform with a price target...