SoFi’s bank charter drives positive outlook, but layoffs hit tech unit
SoFi Technologies said the benefits of its bank charter outweighed home loan and student loan challenges and helped its fourth-quarter performance while it also announced layoffs in its technology unit. The San Francisco-based neobank’s earnings beat analyst expectations, as the company announced product development, new-member growth and balance sheet growth. SoFi’s deposits have grown to … [Read more…]