Sources: one year after lending Elon Musk $13B to acquire Twitter, seven US banks still hold the debt and expect to take a 15%+, or ~$2B, hit when they sell
Banks have begun preparations to try to unload at least some of the $13 billion of debt they underwrote, at a steep discount
Sources: some US banks that lent Elon Musk $13B to buy Twitter are preparing to book losses on the loans this quarter, as investors shy away from risky debt
Reuters : Tweets: @astaniscia86 , @marxculture , @helvetius66 , and @underoak Tweets: Giulio S. / @astaniscia86 : $10 billion worth of loans secured by Twitter's assets might have to be written down ...
Venezuela, in the depths of a financial crisis, has seen usage of P2P payments app Zelle, owned by seven US banks, surge as people turn to USD for transactions
When Federico Suárez made an overnight trip to Valencia last month to visit his boyfriend, the 24-year-old Caracas-based lawyer was in the mood to splurge. Tweets: @bw , @gilmanhill , @tr401 , @bw , @...
Alkami, which builds mobile app platforms for 130+ US banks and credit unions, raises $55M Series E led by General Atlantic, bringing total raised to $225M
Lance Murray / Dallas Innovates :
P2P payments app Zelle, backed by big US banks, says 70%+ of transfers are between pairs of customers who have accounts at the same institution
Wall Street Journal : Tweets: @lisaabramowicz1 and @sub8u Tweets: Lisa Abramowicz / @lisaabramowicz1 : U.S. person-to-person payments sent online or via mobile phone increased 21% in 2017 from the pr...
Small US banks like Silvergate are capitalizing on the opportunity to do business with cryptocurrency-related firms, which are largely shunned by big banks
Christina Rexrode / Wall Street Journal :
US banks' Venmo alternative, Zelle, moved $75B last year in peer-to-peer payments, up from $55B the year prior, and says nearly 100,000 people enroll daily
19 US banks to offer a money-transfer app Zelle with instant deposits by early next year, to compete against PayPal, Venmo, and Square Cash
By the end of December some U.S. bank customers may begin to notice features of the new Zelle instant payments network appearing on their mobile phone …