Managers of Wealth Americas

Wells Fargo slowly starts to shed the problems of its past

It received a big boost last month when regulators with the Office of the Comptroller of the Currency lifted a consent order tied to a 2016 fake accounts scandal.

Experian consumer credit reports to include Apple Pay Later information

They argue this will lead to lenders being able to make more informed decisions on whether to extend credit offers.

U.S. Bank Adds New Division to Serve Private Capital Asset Managers

Stephen Jeselson to lead new team, which will serve more than 200 existing private capital clients

Real estate pain for US regional banks is piling up, say investors

Fears about the health of the smaller banks have escalated again a year after the collapse of Silicon Valley Bank in spring of 2023 triggered a regional banking crisis.

JPMorgan Chase to open 500 new branches

While many banks have been cutting their networks as customers go digital

AmEx forecasts upbeat 2024 profit as credit card spending stays resilient

The New York-based company also reported record revenue for 2023

Citi unveils browser extension to help shoppers find online offers

Cardholders add the extension - powered by Wildfire Systems - to a compatible desktop browser and enrol their eligible Citi branded US credit card to begin using it.

Retail sales and investment banks: What to watch this week

With US markets closed Monday in observation of Martin Luther King Jr. Day

$450bn bond boss backs 'insignificant' Swiss senior loans market

Anders Persson, who runs the fixed income division at Nuveen, believes that the asset class should appeal to Swiss investors and issuers alike.

Why lots of banks are saying goodbye to their insurance agencies

The sales also reflected banks' need for capital in a more demanding regulatory environment and a desire to focus on their core banking businesses.

Santander Closes on Transaction with the FDIC to Service Signature Bank's Multifamily Real Estate Assets

FDIC partnership builds on Santander's deep expertise and scale in the multifamily sector.

UnidosUS and Wells Fargo launch programme to reach underbanked Latinos

The latest survey by the Federal Deposit Insurance Corporation’s (FDIC) found that low-income people and people of color are disproportionately unbanked

Visa and Mastercard lower Canadian interchange fees

In addition, the deal sees Visa and Mastercard provide free access to online fraud and cybersecurity resources.

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.

Where the generative AI jobs are in banking (try Citi)

The largest hirer for generative AI engineers right now is Citi.

Veteran Citi MDs quietly vanishing during latest cuts

She was Citi's global head of regulatory response and oversight.

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.

BNY Mellon Launches Universal FX

The solution provides access to Developed Market and Emerging Market currency execution, enhancing the FX experience for clients globally.

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.

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.”

Retail Banking