Weak prices, hefty crop supply threaten farm income and loan losses
Agriculture lenders expect more than a third of their borrowers to lose money this year, a development that could result in credit quality deterioration and impacts on banks’ bottom lines.
Fintech Sunbit seeks BNPL distinction in co-branded cards
The niche buy now/pay later firm is looking for differentiation in a crowded market with recognizable brands like Klarna, Affirm and Afterpay.
Inside BNY’s plans to upgrade Eliza, its generative AI platform
The 2.0 version, expected to launch next year, will provide more detailed responses based on more complex, humanlike thought processes.
Truist commits $725 million to help Western N.C. rebuild after Helene
The North Carolina-based bank rolled out a multiyear program to provide loans, investments and philanthropic support to communities in the western part of the state.