Upstart CEO to step down; stock dips 15% on earnings report
Upstart, a leading fintech firm based in San Mateo, California, recently unveiled its fourth-quarter results alongside significant leadership changes and new strategic directions. Despite the financial results surpassing analysts’ expectations, the company’s share price fell by approximately 15% in the aftermath of the earnings release. The market’s response is largely attributed to Upstart’s shift towards […]
Raymond James CEO not interested in advisors just looking for ‘highest check’
Raymond James CEO Paul Shoukry recently shared insights on how his firm has mastered the art of recruiting advisors who prioritize long-term relationships over short-term gains. In a speech at the Bank of America Financial Services Conference in Miami, Shoukry acknowledged that some competitors offer higher transition deals to lure advisors from other firms, but […]
BlockFills temporarily suspends withdrawals, deposits
Crypto Lender BlockFills Temporarily Suspends Deposits and Withdrawals BlockFills, a crypto lender based in Chicago, has recently announced the temporary suspension of deposits and withdrawals, as well as restrictions on trading activities on its platform. This decision was communicated to clients via email last week, with the company citing “recent market and financial conditions” as […]
Souring card debt is plateauing at elevated level: New York Fed
Consumer Spending Still Strong Despite Economic Indicators, Says NY Fed Despite some weakening economic indicators, consumer spending remains robust, according to researchers from the New York Federal Reserve who shared their insights on Tuesday. Total credit card balances saw a rise of 5.7% in 2025, and the amount of debt that slid into delinquency declined. […]