Managers of Wealth Americas

Morgan Stanley Expansion Capital acquires stake in global payments fintech Sokin

Whilst Morgan Stanley Expansion Capital has led the transaction, it also includes investment from prominent US investors

Bank of America backs Simply Asset Finance

The feature will allow Simpli to increase in lending by 30% by neatly £100 million within a year.

Bank of America CEO says U.S. consumers and businesses have turned cautious on spending

Consumer spending via card payments, checks and ATM withdrawals has grown about 3.5% this year to roughly $4 trillion, Moynihan said.

Banking on cloud: TowneBank primes for continued growth with SAS

Midsize bank uses cloud-based solutions from SAS to tackle regulatory compliance, navigate risk and wow its members

Cotribute Named Finalist in 2024 Banking Tech Awards USA

Digital Platform named a finalist in two categories, Best Embedded Finance Solution and Best Community Bank/Credit Union Modernization

Fitch downgrades New York Community Bancorp to 'BB' on near-term earnings pressure

The lender had said it expected annual loss to be between 50 cents and 55 cents in 2024

TD Auto Finance Canada Thanks Customers and Colleagues After Achieving its Seventh Consecutive J.D. Power Award

Ranked #1 in Dealer Satisfaction among Non-Captive Lenders with Prime and Non-Prime Retail Credit

8 Major Banks Closing 34 Bank Branches In New York

Generally, the bank is required to notify customers of the branch closing by mailing notices at least 90 days before the closing date of the branch

Bank of America to pay more than $100M for opening accounts without consent, doubling fees

The Office of the Comptroller of the Currency found the bank’s double-dipping on fees was illegal.

Citi CEO Says US Consumers Are More Cautious, Emphasizes Bank Overhaul

U.S. borrowers earning lower incomes are increasingly struggling to keep up with loan payments, prompting banks to become more cautious about issuing credit cards and car loans.

TD and the Blue Jays™ team up to offer eligible TD Credit Cardholders exclusive perks at 2024 regular season home games

Eligible TD Credit Cardholders get 10% back as a statement credit on eligible concessions and exclusive ballpark entry through Priority Line Access at gate 6A

Forbes names 1st Source Bank, Wintrust and First Financial Bank among America's best

It's a list of America's top 100 banks based on financial metrics like growth, profitability and credit quality.

Banks Pay Savers More to Stay Amid Steep Interest Rates

Among the lenders in question is Wells Fargo

NYCB faces tough choices on CRE loans, balance sheet diversification

NYCB's future depends on the new management offloading some CRE loans and diversifying its balance sheet

PPRO expands local payments offering to the US

This follows PPRO’s previous successful geographic expansion into the APAC region and LatAm.

Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending

One’s expanding role at Walmart raises the possibility that the company could force Affirm, Capital One and other third parties out of some of the most coveted partnerships in American retail.

Dimon meets with development bank leaders seeking private money

The World Bank and other development lenders are striving to retain relevance

Santander brings Openbank digital brand to US

The bank has also laid off around 330 staff as part of its evolution in the states

Thredd enters US debit and credit card issuing market

This strategic move underscores Thredd’s commitment to support its clients’ expansion plans in key global markets.

Regions Bank employs new technology, personal approach at new Hixson branch

Instead of traditional bank tellers handing some transactions and loan officers processing other banking needs, branch employees handle a range of duties at each of the new pods within the branch.

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