Managers of Wealth Americas

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.

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

Retail Banking