BankingTrends

Private Equity Gains Upper Hand Over Banks in Deal Negotiations

4 days ago

In a significant shift in the financial landscape, private equity firms are increasingly leveraging their negotiation power to secure more favorable terms from banks amid a shrinking deal environment. This trend illustrates the evolving dynamics between lenders and investors as the market faces declining activity largely due to economic uncertainties and rising interest rates.

Citigroup Strengthens Position in Mortgage Market with Strategic Investment in Pylon

27 days ago

In a significant move aimed at bolstering its presence in the competitive mortgage arena, Citigroup has announced a substantial investment in the innovative real estate technology company, Pylon. This maneuver underscores Citigroup's commitment to adapting and thriving within the ever-evolving financial landscape.

Surge in Mobile Banking: The Evolving Landscape of Short-Term Funding Among Americans

1 month ago

As the financial landscape continues to adapt to the rapid growth of technology, Americans are increasingly turning to mobile banking for their short-term funding needs. A recent analysis shows that the reliance on these digital financial tools has notably surged in recent months, capturing the attention of both consumers and financial institutions alike.

Nigeria's Largest Bank Set to Launch Dollar Securities Offering

2 months ago

In a groundbreaking move for the Nigerian banking sector, Zenith Bank, Nigeria's largest commercial bank by assets, has announced plans to issue dollar-denominated securities in the domestic market. This strategic decision is positioned to attract investors amidst the backdrop of fluctuating currency values and shifting global economic conditions.

Small Businesses Favor Human Interaction Over Technology, FDIC Reports

3 months ago

Whereas much of the advancements in technology support rapid development in financial services, the latest report from the Federal Deposit Insurance Corporation still found that the most pressing issue with banking service providers for small businesses was decidedly about people contact. These findings put a bright light on the enduring importance of personal contacts in the financial needs of the small enterprise.