Sep 15, 2023 | Banking News
Title: The US Banking Crisis May Have Faded from Headlines, but It Persists Underground Introduction: The US banking crisis that rocked the nation in the late 2000s may have faded from the headlines, but according to a report by Amit Seru, a professor of finance at...
Sep 15, 2023 | Banking News
Revolut, the popular fintech giant, has not yet submitted a full application for its US banking license, despite taking preliminary steps towards this goal over two years ago. In March 2021, Revolut submitted a draft banking application to the Federal Deposit...
Sep 15, 2023 | Banking News
Revolut Withdraws US Banking Licence Application: What Does This Mean for the Neobank? Revolut, one of the UK’s most valuable fintech companies, has reportedly withdrawn its application for a US banking licence. The neobank had previously stated its intention to...
Sep 14, 2023 | Banking News
How to Calculate Interest Expense on Income Statement: A Step-by-Step Guide Are you a business owner or financial analyst looking to assess your company’s profitability and debt management strategies? One crucial factor to consider is interest expense, which...
Sep 14, 2023 | Banking News
How to Calculate an Income Statement: A Step-by-Step Guide An income statement is a vital tool for businesses to measure their financial performance over a specific period. It provides valuable insights into a company’s revenues, expenses, and profitability, enabling...
Sep 13, 2023 | Banking News
Is the US Banking Crisis Over? Assessing the Current State of the Banking Sector The US banking crisis earlier this year sparked concerns about the stability of the global banking system. Several mid-sized US banks collapsed in quick succession, causing a ripple...
