Banking

How Phoenix Lender Services Is Helping Banks Crack the SBA Loan Market

Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making SBA loans. Chris Hurn aims to change that. By Brandon Kochkodin, Forbes Staff Small Business Administration loans are a great deal. They are federally guaranteed, profitable for…

Searching For The Golden Ticket In AI

In my last column, I likened artificial intelligence to the wizard in “The Wizard of Oz.” It received a good reaction so I wanted to continue with the theme of Hollywood movies— and look at how companies can help offset the huge cost of artificial intelligence adoption by joining forces…

Countries With Weak Banking Systems — And Why The U.S. Should Care

Until recently, the U.S. banking system has been strong because of sensible bank regulations implemented during the Obama and Biden administrations. Yet, around the world, numerous countries do not have anywhere near as stable banking systems as the U.S. does. Weak banking systems should worry us all, not only because…

Credit Cardholders—Especially Those With Lower Incomes—Could Be In For A Shock

After four thousand years of bad experiences, you’d think politicians and others would have learned the folly of price controls. Such restrictions lead to shortages, black markets and other destructive consequences. They didn’t save the Roman Empire, and they helped destroy the presidency of Richard Nixon. But like mosquitoes and…