Top 4 US banks had another strong quarter with credit card purchases, which pulled the credit balance finally back to the level 3 years...

🏠 Interest Rate Dampens Mortgage Activity The Q3 earnings reports show the impact of the fast interest rate hike. Q3 ‘22 mortgage...

Even with the upcoming recession becoming more certain, it is probably a mild one - according to big banks’ reserve change in Q3. The...

Goldman Sachs’ restructuring surfaced this week. 🟧 Marcus moved closer to its origination - Asset/Wealth Management. This is a brand...

Who Am I❓ A question everyone must ask. A question every bank must ask as well. Here is Goldman Sachs’ journey to explore a new identity...

From Oct 12, Canadian consumers can get personal loans at post offices, under a partnership between TD Bank and Canada Post. 💰 This is...

Starting from Oct 6, Canadian merchants have the option to add credit card surcharges, with the typical exception in Quebec. How big is...

Despite the layoff headlines, # jobs in finance and insurance largely held steady in September. 🟦 BLS reported a decrease of 13K jobs in...

This week, Credit Suisse grabs the financial market’s attention again. The bank is still standing. However, it is clearly haunted by...

Last weekend, I joined a group of friends for a poker night. There was a special rule I never played under before. 👇 Any winner with the...

Apple Pay Later was nowhere to see in the iOS 16 release. When can you see it? Apple: Later. Why the delay? Per Mark Gurman from...

🇺🇸 Fed’s Unemployment Rate Forecast And its implication for consumer credit risk. 👇 When Fed hiked the rate by another 75 bps on 9/21,...

Financial Times revealed the internal dynamics at JPMorgan Chase - around its pay-by-bank project. Interesting to see fast payment and...

95% of neobanks are losing money. What are the profitable ones doing differently? 👇 Penny Crosman at American Banker analyzed 3...

How big is the opportunity? Bain recently provided an estimate. From 2021 to 2026, the revenue growth opportunity in the US: $29 billion....

Here is a summary with some highlighted numbers. 🔲 The Data In Dec 2021, CFPB asked for data from 5 major BNPL operators in the US:...

Recently an article about Apple Pay volume overtaking MasterCard is quickly circulating. Well, it is not an Apple-to-Apple comparison....

It is no coincidence that several connections reached out in the last few weeks to ask about embedded finance and Banking-as-a-Service...

When I started to work in the US market in 2015, it took me a while to figure out that a preapproval does not necessarily mean you will...

🇨🇦 Canada Rate Decision Today As the market expected, BoC hiked the rate by another 75 bps, in an effort to bring down inflation...