12/06/2023
US regulators clamp down in bid to prevent more bank failures
After official reviews found frontline examiners failed to act quickly upon spotting problems, they are taking a tougher, more proactive approach.
Retail Banking
11/21/2023
Where the generative AI jobs are in banking (try Citi)
The largest hirer for generative AI engineers right now is Citi.
11/17/2023
Veteran Citi MDs quietly vanishing during latest cuts
She was Citi's global head of regulatory response and oversight.
11/08/2023
BizCap Assists Performant Financial in Securing a $25MM Revolving Loan Facility with Wells Fargo
This strategic move is set to fortify Performant's financial foundation and further support its ongoing operations and growth initiatives.
10/25/2023
BNY Mellon Launches Universal FX
The solution provides access to Developed Market and Emerging Market currency execution, enhancing the FX experience for clients globally.
10/24/2023
FV Bank Launches Custody Money Market Account for Exposure to US Treasuries
The account is fully operational and allows for seamless transfers between clients’ bank accounts and their Custody Money Market Account.
10/16/2023
Big Banks Weigh Better Rates for Depositors
As for credit quality, he told analysts, “We continue to see the normalization story ‘play out’ with the consumer, more or less exactly as expected.”
10/09/2023
Major bank closures hit over 1,000 locations across 5 US states with Wells Fargo leading pack by shutting 267 branches
JP Morgan Chase shut down 144 branches last year, according to Kiplinger.
09/29/2023
TD releases accessibility adpter
Providing an accessible online experience means prioritizing inclusion for users in an increasingly digital world
09/29/2023
American Banker Names Fourteen Leaders from Fifth Third Bank to 2023 Most Powerful Women Lists
The annual list highlights standout accomplishments of female executives in banking and finance and this marks the largest number of award winners in Fifth Third’s history.
09/22/2023
The Freedom Bank of Virginia Named Among Top Extraordinary Banks in the Nation
Northern Virginia Bank Recognized for Cutting-Edge Banking Practices and Exemplary Financial Results
09/19/2023
Incenter Expands Mission to Serve Broader Banking and Lending Industry
New C-Suite Hires Bolster Leadership Roster
09/18/2023
Some banks see new cracks forming in a resilient US consumer
That could all spell some trouble for banks that have been leaning heavily on consumer lending in recent quarters as companies turn more cautious about the economy.
09/04/2023
Citi’s Mark Mason tops list of highest-paid bank CFOs
Mason, who took in $15 million in 2022, regained the compensation title from Bank of America’s Alastair Borthwick, who led in 2021 but slipped to third last year.
08/31/2023
National Bank of Canada's profit falls on bigger loan loss provisions
The Montreal-based bank, the smallest of Canada's big six banks, is the latest to aside more funds in case consumers have trouble paying back their loans and mortgages
08/25/2023
Citigroup (C) Launches Relationship Tiers, Simplifies Banking
New customers can immediately avail benefits of these services
07/26/2023
US bank deposits stable but commercial real estate woes remain
The potential risk to banks is mitigated much more than before the global financial crisis, writes Barbara Pianese.
07/13/2023
Banks are fighting to keep deposits. At what cost?
That scramble pushed rates on savings accounts to 5.05% at the end of the second quarter, according to Bankrate, their steepest level since February 2008.
07/10/2023
Banks, credit unions join in push for racially equitable underwriting
The collaboration, Underwriting for Racial Justice, aims to create new lending criteria for lower-income U.S. borrowers who have historically faced higher barriers to obtaining financing.
06/29/2023
Wells Fargo backs $70m fund to help underserved SMEs access credit
According to Hello Alice data, only 25% of small business owners have applied for a business credit card, and 85% of those applications were denied due to poor credit or lack of credit.