Banks turn to little-used financing option for buyouts
Junk-rated companies and private equity firms have lined up about $17 billion of debt recently for purchases of everything from power plants to a chain of gas stations using 364-day bridge loans.
A future full of AI agents will require a different payments system
Legacy payment systems won’t cut it as autonomous software agents begin transacting and collaborating at scale. New payment rails that take advantage of blockchain technology will be vital in the future.
Chime IPO tests market appetite for fintech investment
After a drop in fintech venture capital exit value from IPOs, neobanks and other financial tech startups are closely watching Chime’s initial public offering.
Agentic AI’s revolution draws payment companies to the lab
The next generation of artificial intelligence can be a digitized always-on personal shopper, researcher and financial assistant, taking even the buzz of ChatGPT to another level. It’s early in the game, but developers are looking for ways to gain an edge.
Huntington makes commercial banking push in Florida
The Ohio-based bank is launching services for middle-market companies across the new footprint, after making similar plays in the Carolinas and Texas.
What banks should watch in the ‘big, beautiful’ tax bill
Banks scored well in the tax bill out of Ways and Means this week, with wins on S Corps and rural lending, but have so far lost out on credit union taxes and additional burdens on payments competitors.
Fed’s Barr warns of long and lasting supply chain disruption
Federal Reserve Gov. Michael Barr said tariffs could have an outsized impact on small businesses and hardships could outlive the trade policy debate.
Virginia bank faces call to sell after failed venture
MainStreet Bancshares in Fairfax hopes investors will endorse its plan to refocus on basic community banking after shuttering its embedded banking unit. But a prominent shareholder is urging management to sell.
Why happier employees mean happier customers
Bank professionals largely agree that the customer experience shapes the way work is performed within their organization. However, there are some issues that get in the way of a customer-centric approach.
Three takeaways from Upstart’s first investor day
The AI lending platform provider’s leaders shared their views on how the company will evolve over the next 10 years.