Banking
From Mount Olive, North Carolina to Anchorage, Alaska, each of the top 10 banks on Forbes’ ranking of 100 publicly traded banks are relatively tiny institutions with less than $25 billion in assets. By Hank Tucker, Forbes Staff Four thousand miles from the New York headquarters of JPMorgan Chase or…
No matter how often bank regulators, international standard setters, rating agencies, or financial reform advocates warn banks that climate change is serious, the frequency of disasters driven by climate change shows they are not heeding the warnings. Such disasters have significantly increased and intensified in the last several decades. According…
As wildfires roar across southern California, these natural disasters are not only destroying homes but taking lives. Home insurance costs also are taking on a whole new dimension. Those fears are propagating into the way home buyers look at new properties, into the shopping and selection process and therefore the…
How Doctors Are Pushing Medical Credit Cards on Patients Medical credit cards are increasingly pushed on patients across America as the costs of health, dental, and veterinary procedures rise. CareCredit had 12 million cardholders and 270,000 participating providers in 2024, up from 4.4 million cardholders and 177,000 participating providers a…
It was a close call for a dog named Max when fire raged through his Altadena neighborhood. The brindle-coated Corso mix hid, huddled and scared, under some bushes in his yard as the Eaton fire ravaged his street. Firefighters and photojournalists in the area could hear his terrified barks. As…
Thanks to more than a decade of Dodd-Frank and Basel III regulations, the Trump administration inherits a well-capitalized and liquid banking system. Squandering this gift would be very dangerous to the financial and mental health of Americans. Healthy banks are critical to the U.S. economy — more so than any…
With interest rates easing and inflation cooling, small businesses are getting a much-needed break. A change to the Small Business Administration’s (SBA) refinancing program will help them take advantage of the shift. The SBA’s recent rule changes to its 504 loan program make it easier for businesses to refinance debt…
Donald Trump’s presidential victory and Republicans’ gains in Congress will undoubtedly have implications for the financial technology industry. Forbes spoke with policy experts and executives to discuss four areas that could see big changes: banking regulation, the Consumer Financial Protection Bureau (CFPB), the partnerships fintechs have with banks to offer…
Los Angeles-based lending startup Sunbit has raised $355 million in new debt financing led by JPMorgan Chase, Tokyo-based bank Mizuho and private credit firm Waterfall Asset Management. Sunbit offers consumer loans ranging from $50 to $20,000 for in-person payments at places like car dealerships (for auto repairs), dentist offices and…
The intersection of financial services and technology, otherwise known as fintech, has increasingly come under federal scrutiny, especially to the extent new firms have attempted to offer traditional banking services without having a banking license. To better understand the impact of today’s presidential and congressional elections on the fintech industry,…
