Younger generations turn to buy now, pay later; Vanguard reaches agreement with FDIC
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Gen Z, millennials drive BNPL growth this holiday season: Improved consumer confidence helped to drive greater use of buy now/pay later as younger generations turned to short-term installment options.
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Turnaround artist Parsons 'left everything better than he found it': Richard "Dick" Parsons, the former Citigroup chairman who died last week, is credited with helping the New York megabank survive the financial crisis. Earlier in his career, he led Dime Savings Bank out of the savings-and-loan crisis.
FDIC, Vanguard reach agreement over large stakes in U.S. banks: A passivity agreement with the agency means that when the asset management giant Vanguard owns more than 10% of an FDIC-overseen bank, it can't seek certain levels of control over the bank's behavior.
HomeStreet agrees to sell nearly $1 billion in multifamily loans: The Seattle-based company's deal with Bank of America comes five weeks after the termination of its planned sale to FirstSun Capital Bancorp in Denver.
Regal brings on-chain payments to the movies: In a collaboration with Coinbase and Flexa, Regal theaters now accept on-chain U.S. digital currency payments for movie tickets and concessions; and more in American Banker's banking news roundup.
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3dThat's veary interesting and great service is good for the future Generations thanks for sharing this best wishes to each and everyone their ❤🤝🏽🤝🏽🤝🏽🙏🏾🙏🏾🙏🏾
Gen Z entrepreneur who launched a biz during a global pandemic at 15 and never looked back. Now, as the founder of That GenZ Agency ✨, I assist brands marketing to my generation.
3dBNPL is just another way to get consumers into much more financial trouble, especially the younger generation.