Banking

Banking
Report: Revolut Aims for $1.9 Billion in Revenue for 2023
December 20, 2023

British FinTech Revolut is reportedly on track to bring in $1.9 billion in revenue for the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Banking
TD Bank and Plaid Partner to Ease Access to Apps
December 14, 2023

TD Bank Group and Plaid have partnered to eliminate the need for TD customers in Canada and the United States to share login credentials with third-party applications. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
Good vs. Bad: Fraud Losses at FIs Up 65% as Both Sides Turn to AI
December 14, 2023

Fraud and financial crime remain challenging for financial institutions (FIs), even as fraud rates have remained high for many of them in 2023 relative to 2022 figures — a year in which 70% of FIs experienced increased fraud over 2021. At a time of the...

Banking
Goldman Sachs Looks to Double Size of Private Credit Unit
December 11, 2023

Goldman Sachs is reportedly aiming to double the size of its $110 billion private credit business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Banking
JPMorgan’s First Republic Makeover Bucks Branch Closure Trend
December 11, 2023

JPMorgan is reportedly overhauling branches acquired in the collapse of First Republic Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Banking
Banxico Says Mexico’s Financial System Remains Resilient
December 06, 2023

Mexico’s central bank has found that the country’s financial system remains resilient and stable despite the challenges posed by the complex global economic landscape. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
Wells Fargo Job Cuts Could Cost Bank Nearly $1 Billion
December 05, 2023

Wells Fargo will reportedly incur greater-than-expected expenses from severances tied to recent job cuts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Banking
TD Bank to Cut 3% of Workforce
November 30, 2023

Toronto-Dominion Bank, Canada’s second-largest lender, has reportedly undertaken a restructuring plan that includes a 3% reduction in its workforce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Banking
FDIC Reports Banks Remain Resilient as Net Income Stays High
November 29, 2023

The aggregate net income for the 4,614 Federal Deposit Insurance Corporation (FDIC)-insured institutions during the third quarter was $68.4 billion, representing a 3.4% decrease from the previous quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...