Banking

Banking
Banks Expected to Boost Loan-Loss Reserves for Third Consecutive Quarter
October 11, 2022

Bank loan-loss reserves are expected to increase for the third month in a row to as much as $4.5 billion as the nation’s six largest financial institutions finish crunching numbers for third-quarter earnings reports later this week and next.  Get the Full Story Complete the...

Banking
Bank of America Expands CashPro API Services
October 11, 2022

Bank of America (BofA) has announced an expansion of its digital banking platform CashPro’s Payment API capabilities, letting clients access hundreds of more payment types and the ability to bundle payments, a press release said. Get the Full Story Complete the form to unlock this...

Banking
Why Goldman’s Marcus May Have Missed the Mark
October 10, 2022

The best-laid plans, wrote the poet Robert Burns, oft go astray. 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 completing...

Banking
Nobel Prize in Economics Cements Banks’ Unique and Trusted Role
October 10, 2022

The most recent Nobel laureates in economics confirm that banks have cemented a level of trust with consumers that is invaluable. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Goldman Dials Back Retail Banking Focus
October 10, 2022

Goldman Sachs could be reorganizing for the fourth time in three years as it rolls up the welcome mat on consumer banking for all and redistributes those products to its already-strong wealth-management business. Get the Full Story Complete the form to unlock this article and...

Banking
BofA Extends ‘Pay by Bank’ to Euro Payments
October 10, 2022

Bank of America has made its Pay by Bank payment solution available for euro currency payments, the bank announced Monday (Oct. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Banking
UK FinTechs Call for Full Financial Data Sharing to Support Cardholders
October 09, 2022

Some U.K. FinTechs have accused various credit card issuers of not giving customers full access to their own data and costing consumers “millions.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
Remote Areas of Spain Will Soon Have Expanded Banking Access
October 07, 2022

Remote areas of Spain will soon have more access to financial services, with villages having populations of 500 people or more being guaranteed proximity to a bank branch or ATM.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
FinTechs Foster Digital Transformation in Smaller, Overlooked African Markets
October 06, 2022

In the technological transformation of payments, it is often the smallest economies that are the last to modernize. At the same time, international payment rails and monetary infrastructures tend to focus on the most widely used currencies before turning their attention to smaller, more obscure...