In a somewhat unexpected move, the United Kingdom has left the European Union causing significant fallout within global markets. At the same time, investors are piling into gold to hedge themselves as the British…
Against all odds, the citizens of the United Kingdom have voted to exit the European Union by a large 4 point margin. Against all odds literally, because UK bookies all favored “Remain” and…
The Federal Reserve has finally released the results of the 2016 stress tests. If there is one thing you need to take away from this, it is that all of the nation’s big banks…
Various entities of China-based Shanda Group have acquired more than 57 million shares of LendingClub stock, raising the Chinese group's stake in it to more than 15%.
Synchrony Financial said Tuesday morning that it has recently completed a loss forecast and now expects a rise of 20 to 30 basis points in the company's net charge-off rates over the next 12…
Research shows that Americans between the ages of 18 and 25 incur more overdrafts than any other age group: an average of more than two per person annually.
Elevate Credit decided to postpone its offering back in January, but now it is back on the table. The entire offering is valued up to about $91 million.
Fitch Ratings has warned that U.S. real estate investment truts (REITs) are still taking advantage of a favorable bank lending environment. The group warns that there are signs of more risk now emerging.
U.S. economic activity expanded at least slightly in eight Federal Reserve districts according to the latest version of the Beige Book released Wednesday afternoon. Chicago and Kansas City reported that growth slowed, while Dallas reported…
By one estimate about a quarter of all U.S. households used a reloadable debit card in 2014, and according to Federal Reserve statistics more than 3 billion transactions were made on the cards in…