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Forbearance lending as a crisis management tool

BankUnderground

On balance, the literature is critical of loan forbearance in the corporate sector because of its potential to contribute to zombification a situation where bank lending keeps unproductive firms alive, resulting in lower aggregate total factor productivity.

Lending 52
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Barclays profits tumble 12% as UK interest rates hit mortgage demand

TheGuardian

Pre-tax profits drop to £2.3bn between January and March, down from £2.6bn last year • Business live – latest updates Profits at Barclays tumbled by 12% in the first quarter, as higher UK interest rates weighed on demand for mortgages and loans while a backdrop of economic uncertainty affected its investment bank. Continue reading.

Taxes 83
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FICO Changes Reporting Data

PYMNTS

Good news is ahead for those suffering from low FICO scores — according to reports this morning, civil judgements and tax liens will by and large be coming off of consumer credit reports. The change will apply to new tax lien and civil judgment data that are added to credit reports as well as existing data on the reports.

Report 111
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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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Long-term fixed-rate mortgages through an international lens: could they lead to higher home ownership?

BankUnderground

For instance, the share of new mortgage lending at five-year fixes had increased to 54% of the total by 2021 Q4, compared to less than 10% in 2011. Chart 1: Share of long-term fixed-rate mortgages in total new mortgage lending internationally Note: Italy and France show the share of all fixed-rate mortgages.

Marketing 111
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Advocacy at the Grassroots: A Lively Legislature

Independent Banker

We also have been playing what has become an annual game of intense defense—opposing a number of proposals that would enhance and expand the fields of membership and powers of tax-exempt credit unions. From 1992 to 2011, the total shrunk from 299 to 169 institutions, and the trend has not dissipated.) 3616 and A. 4785 and A.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Business lending and corporate cards. Square has since expanded its offerings to standalone, integrated point-of-sale terminals, as well as a broader ecosystem of applications and services such as lending (Square Capital), payroll services (Square Payroll), and rewards (Square Loyalty). Fraud prevention tools. Virtual card issuance.

Online 98