PersonalFinance

Surge in Consumer Borrowing Driven by Rising Credit Card Debt

17 days ago

In a significant development, U.S. consumer borrowing witnessed a notable uptick, primarily propelled by a sharp increase in credit card balances. According to data released by the Federal Reserve, consumer credit rose by $24.5 billion in October, marking a robust growth rate that signifies heightened financial activity among Americans.

Zopa Bank Secures $86 Million Funding to Roll Out Current Accounts

18 days ago

In a significant development for the British fintech landscape, Zopa Bank has successfully raised $86 million in a funding round, paving the way for the upcoming launch of its current accounts. This capital injection is not only a testament to the company's promising trajectory but also places Zopa Bank in a competitive position within the rapidly evolving banking sector in the UK.

Surge in U.S. Consumer Confidence: A Positive Outlook for the Economy

27 days ago

In a promising development for the American economy, the latest figures indicate that U.S. consumer confidence has soared to its highest level in over a year. This notable increase reflects a growing optimism among consumers about their financial situation and the overall economic climate, signaling a potentially robust holiday shopping season ahead.