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.
Retail Banking
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.
06/28/2023
American National Bank of Texas Expands Opportunities and Access to Affordable Homeownership
Ignite Home Loan Program, ongoing education series and new mortgage loan office in Cedar Hill provide support to local communities
06/28/2023
Gateway First Bank Named Top Performing Bank by American Banker
Banks with assets between $2 billion and $10 billion were ranked based on their three-year average return on average equity.
06/08/2023
Bank of America CEO says higher capital ratios would hurt lending capacity
U.S. regulators, led by the Federal Reserve, are expected to unveil the proposed tougher requirements by the end of this month, according to this source, who spoke on condition of anonymity.
06/05/2023
US Banking System Will Lose Massive Chunks of Wealth From American Businesses Seeking Yield: Arthur Hayes
The US banking system now has a total of $17.15 trillion in deposits, compared to $18.03 trillion one year ago.
05/29/2023
US bank lending and deposits rise amid signs of stable credit
Commercial bank lending jumps to three-week high at $10.4 billion, according to latest data
05/29/2023
Canada’s big banks log 13-fold rise in loan loss provisions
North American commercial real estate lenders prepare for increase in defaults as economic outlook darkens
05/22/2023
Canadian banks see earnings risk from commercial property loans, TD in focus
Still, investors view Canadian banks as safer bets than their U.S. counterparts due to their strong capital levels.