Sections
Banking
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1.9KUS Eases New Banking Rule On Reporting Bad Loans
Bank regulators have rolled back the Jan. 1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster...
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2.7KHow Banks Can Tap Trust As Their Foundation For Innovation
What is a bank? As recently as a decade ago, that was a relatively straightforward question that the average school-age child could...
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2.3KHelping Small FIs Make Banking Services As Seamless As Taking An Uber
In the age of digital commerce, legacy financial institutions (FIs) have ceded ground to tech-savvy upstarts. To regain some of that ground,...
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1.8KFed Shifts Supervisory Approach Amid COVID-19
Amid the coronavirus, the Federal Reserve Board is shifting its supervisory approach. The board said in a press release that it “recognizes that...
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3.2KHelping FIs Maximize Card Portfolio Returns In Volatile Times
Consumers are navigating the vagaries of a brave new world dominated by the coronavirus. Cardholders’ behavior may shift on a dime. That means...
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3.1KKeeping The AI On ATMs
Consumers depend on ATMs but like any mechanical device, they can break down. Rich Johnstun, head of service technology and innovation at...
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2.8KHSBC Overhaul May Be Delayed Over COVID-19
Noel Quinn has stepped into a full-time job as CEO of HSBC, and his first tasks in that job will involve strategizing...
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6.1KFDIC Approves Square For Banking License
The Federal Deposit Insurance Corporation (FDIC) gave the green light to an application from the FinTech firm Square to create a de...
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1.4KDigital Banking Service One Combines Accounts
One, a new digital banking service in the U.S., is launching with a focus on helping middle class Americans with their finances...
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2.0KICICI Bank To Bail Out India’s Yes Bank
ICICI Bank in India has announced it will initiate a rescue deal with Yes Bank to the tune of up to 10...
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1.4KCoronavirus Is ‘Cross Between 9/11, 2008 Financial Crisis,’ Officials Say
Banking officials are in a panic over the coronavirus as it upturns their revenues, with PJT Partners restructuring specialist Tim Coleman describing...
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4.2KWill Consumers Warm To Subscription Banking?
The era of “challenger” banks has seen many grand promises in terms of innovating on the old banking model to provide consumers...
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1.6KJPMorgan CEO Is Back Home After Surgery
Jamie Dimon, CEO of JPMorgan Chase & Co., is home and recovering after having emergency heart surgery last week, according to a...
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3.5KStandard Chartered Debuts Banking As A Service
Standard Chartered has launched a new “Banking as a Service” solution called nexus that will allow digital platforms, eCommerce operations, social media...
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2.6KOCBC Bank Upgrades ATMs To Cash Checks Instantly
OCBC Bank in Singapore has upgraded its ATMs to accept checks and cash them instantly, according to a release. The bank said...
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3.1KInterest Rates to Pinch Alt Lenders and Digital Banks
Welcome to the unchartered territory for the lending landscape – at least for those who were born and came of age in...
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2.5KHow Banks Can Tap Into The Benefits Of Integrated Receivables
FinTechs are keeping an eye on the needs of banks and their corporate clients in today’s market. Treasurers, in one case, may...
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5.4KHow To Compete With Banks: Start With First Principles
Aristotle may have originated the notion of first principles thousands of years ago, but it would take Elon Musk to add a contemporary...
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4.1KHow FinTech Keeps Banks Focused On Customer Experience With AP Automation
FinTechs are helping banks focus on the customer experience through accounts payable (AP) automation. AvidXchange Senior Vice President of Financial Services Boyce Adams Jr....
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2.4KCredit Bureaus Aim To Bulk Up Files For Borrowers With Little Credit History By Using Rent-Payment Data
Credit bureaus are aiming to thicken up the “thin” credit files of borrowers who have too little credit history to qualify for...
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1.7KJPMC Co-Presidents Step In As CEO Dimon Recovers From Heart Surgery
JPMorgan CEO Jamie Dimon is recovering from emergency heart surgery this week, the company said Thursday, according to CNBC. The surgery was...
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5.9KThe Rise Of ‘Intelligent Engagement’ In Corporate Banking
The digital transformation across any number of verticals — from retail to healthcare — has fostered a consumer mindset that demands deep...
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2.2KWells Fargo To Offer Bank Accounts With Capped Overdraft Fees
Ahead of its scheduled congressional hearings in the coming week, Wells Fargo & Co. debuted the concept of two new bank accounts that set...
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3.4Ki2c Names GM In Middle East, Africa Expansion
Payment and open banking tech firm i2c plans to expand its presence in the Middle East and Africa, according to a press...
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3.1KBoE Gov Says Crypto Could Slow Bank Loans
The Deputy Governor of the Bank of England (BoE), Jon Cunliffe, said on Friday (Feb. 28) that digital currencies could potentially dry...
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2.4KEU Bank License To Boost Banking Circle Expansion
Banking Circle is now licensed to do banking in Luxembourg after the Commission de Surveillance du Secteur Financier (CSSF) granted the license. The...
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3.6KMetro Bank Moves Away From Mortgages After Reporting Error
After a reporting error that caused the exit of its chief executive and chairman in 2019, Metro Bank has announced that it...
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6.3KJPMC CEO: Bank Plans FinTech, Other ‘Very Creative’ Acquisitions
Billions of dollars in earnings. Billions of dollars in the bank. Time to go shopping? As reported by CNBC, Jamie Dimon, CEO...
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6.4KNCR: How FIs Can Triumph Over the Challenger Bank Challenge
For traditional financial institutions (FIs), especially smaller FIs and credit unions (CUs), the age of disruption is here. Digital banks are poised...
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3.5KNew York Leads US In Bank Branch Closures
Banks across the U.S. are closing branches, but the New York area is seeing more closures than most, Bloomberg reported on Wednesday...
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3.7KJPMorgan To FinTechs: Sign Data Sharing Deals, Sources Say
As large banks and FinTechs worldwide wrestle over data-sharing, JPMorgan Chase & Co has reportedly set a mid-summer deadline for FinTechs to...
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6.0KGoldman Sachs: To Compete, Bank Needs Top Tier Tech Talent
As it quickly strengthens the ranks of its engineering personnel, Goldman Sachs is competing with the largest tech firms for workers. Co-chief...
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4.7KRevolut Starts Open Banking Service For UK Customers
Revolut has announced a new Open Banking feature that will allow customers to access all their bank accounts on a single app....
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1.8KCredit Suisse CEO Resigns After Spying Fiasco
The CEO at the bank Credit Suisse has stepped down after a scandal involving corporate spying, according to a report by CNBC....
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3.1KCredit Squeeze May Loom As New Accounting Rule Takes Root At Banks
In finance, accounting is everything. Accounting for everything, especially when it comes to credit — in other words, taking stock and measure...
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5.5KRemitly Taps Immigrant Market With New Passbook Banking Service
Seattle global remittance startup Remitly is rolling out a new banking product created especially for immigrants, the company announced Monday (Feb. 3)....
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2.4KNew UK Farmers’ Bank Gets License, Funding
A new British bank that will launch later in 2020 is aimed at securing funding for farmers, according to a report. Oxbury,...
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3.6KGoldman Targets $125B In Consumer Deposit Balances In Five Years
Amid the targets for return on equity in the investment banking business, Goldman’s first Investor Day in the wake of a revamped...
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3.8KBank of America CEO: Room To ‘Double’ Its US Retail Segment
Brian Moynihan, Chief Executive with Bank of America, is not concerned with overwhelming his industry sector — instead, he believes the banking...
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3.6KGoldman’s Reporting Revamp Spotlights Its Consumer Focus
If you can’t beat ’em, join ’em — at least when it comes to reporting structure. To that end, investment banking giant...
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3.3KReport Shows US Small Towns Lost 14 Pct Of Banks Between 2012-17
Financial institutions have been abandoning American smaller towns in striking numbers over the past decade, presenting a significant economic challenge in the...
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5.2KGoldman Plans To Launch Robo Adviser Next Year
Goldman Sachs is planning to launch digital wealth management services to customers with as little as $5,000 in 2020. The company is...
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5.2KOCC Targets Wells For Loose Pay Controls, Unresolved HR Complaints
The Office of the Comptroller of the Currency (OCC) has said the Wells Fargo Human Resources (HR) department has a rash of...
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4.7KHSBC, Santander To Reimburse Overdraft Fees After Failing To Alert Customers
HSBC and Santander UK will refund the overdraft fees of more than 115,000 customers. The Competition and Markets Authority (CMA) reported that...
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5.3KRobinhood Bags Bank Charter
Robinhood has announced that it giving up on its plans to become a federally insured bank. The stock-trading startup is voluntarily pulling...
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4.1KHow Credit Unions Can Win The FinServ Innovation Game
In addressing the innovation gap that exists between credit unions and their larger financial institution (FI) brethren, credit unions (CUs) may be...
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2.6KBank Branch Closings Take Toll On Rural Communities
More than half of the 3,114 counties in the U.S. lost bank branches between 2012 and 2017, with rural areas feeling the...
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2.8KBarclays’ New Luxembourg Branch To Cater To Global Corporates
Barclays has announced the launch of a new branch in Luxembourg that will provide multinational clients with transaction banking services. The branch,...
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5.9KPeople’s Bank Of China: Hundreds Of Country’s Banks At Risk
This past year has been difficult for Chinese banks, and the country’s central bank, People’s Bank Of China, said that about 13...
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3.2KTech Glitch Causes Late Payments For UK’s TSB Bank Customers
British bank TSB, on the heels of an IT disaster that saw its annual profits wiped out, recently dealt with an issue...
