Managers of Wealth Americas

NerdWallet to cut workforce by 15% as part of restructuring plan to reduce operating expenses

The company revealed the restructuring plan with the publication of its Q2 2024 financial results

PayPal extends Fastlane to all US merchants

Merchants often lose sales due to lengthy guest checkout experiences.

AppBrilliance brings real-time payments to closed-loop digital wallets in the US

This represents a clear opportunity for expanding payment solutions in the U.S. that AppBrilliance's Money API™ is positioned to accelerate with real-time payments for digital wallet funding.

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

Retail Banking