Category: CreditFigure.com

Arch Capital Group Ltd. Announces Loss Estimates and Other Information Related to COVID-19 Pandemic

PEMBROKE, Bermuda–(BUSINESS WIRE[1])–On March 11, 2020, the World Health Organization declared a pandemic in relation to the outbreak of COVID-19. The outbreak is causing unprecedented social disruption, global economic volatility, reduced liquidity of capital markets and intervention by various governments around the world. Arch Capital Group Ltd. [NASDAQ: ACGL; “the Company”] expects impacts on incurred losses and premium volumes on...

READ MORE Arch Capital Group Ltd. Announces Loss Estimates and Other Information Related to COVID-19 Pandemic

Figure Says Fed Rate Cut Drove 300% Increase in Online Applications for Lending Business

SAN FRANCISCO–(BUSINESS WIRE[1])–Figure Technologies, Inc.[2], a leader in transforming lending through the power of blockchain technology, announced today it has seen loan applications soar by 300 percent since the Federal Reserve stimulus rate cut, pushing the amount of loans it has funded to over $1 billion. “The 300 percent increase in applications suggests consumers are eager to take advantage of...

READ MORE Figure Says Fed Rate Cut Drove 300% Increase in Online Applications for Lending Business