The banking industry’s net interest margin increased in the third quarter as the increase in loan yields exceeded the increase in the cost of deposits for the first time since the second quarter of 2023. Get the Full Story Complete the form to unlock this...
A global banking watchdog introduced new guidelines covering counterparty credit risk (CCR) management. 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....
Non-bank financial institutions like pension funds, insurance companies, hedge funds and money market funds could present risks to financial stability as their role in the financial system grows, Dave Ramsden, deputy governor, markets and banking at the Bank of England, said Monday (Dec. 9). Get...
Banks rely on core tech to handle the basics: transactions, deposits, loans and more. But the kicker is that most of these systems were built decades ago. As in 1980, not 2010. Get the Full Story Complete the form to unlock this article and enjoy...
If banks can’t give their customers the financial services they want or the experiences they expect, those customers will go and look for them elsewhere. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Deutsche Bank CEO Christian Sewing said Wednesday that German businesses need less regulation, a more competitive corporate tax structure and greater certainty on energy prices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
British bank NatWest is launching a program to help scale the country’s FinTech startups. 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...
Wells Fargo is reportedly selling its San Francisco headquarters as its leadership heads east. 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...
The Office of the Comptroller of the Currency (OCC) rated three out of 19 financial institutions as “outstanding” in its latest list of Community Reinvestment Act (CRA) performance evaluations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
