The country’s four largest banks reported a combined 5 percent drop in U.S. deposits that earned no interest in the third quarter, compared with a year ago. According to The Wall Street Journal (WSJ), JPMorgan Chase, Bank of America, Wells Fargo and Citigroup revealed that customers withdrew...
Goldman Sachs is moving its Marcus business line into its wealth-management unit. 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...
Bank OZK, the Arkansas lender, saw its stocks plunge late last week after it took a more than $45 million write-down on two commercial real estate loans, stoking fears that small banks in the U.S. are taking on too much commercial real estate loan risk....
As cybercriminals ramp up their attacks, a growing number of FIs are turning to AI and machine learning to protect customers and assets. However, that isn't enough to stop fraudsters in their tracks, according to CEO Bill Nelson of FS-ISAC. In the latest Digital Banking...
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Barclays is ready to offer U.S. consumers a low-cost, digital-only bank that will directly compete with Goldman Sachs‘s Marcus brand. Barry Rodrigues, CEO of cards and payments at Barclaycard International, told Financial Times that the new offering would “leverage Barclays’ U.K. knowledge and expertise” to create a checking...
Amid a U.S. investigation into money laundering at Danske Bank’s Estonia branch, shares of the bank have reached the lowest level in four years on Friday (October 5). Danske stocks were trading at 149 crowns as of 14:57 G.M.T., and the bank is trying to comfort...
To settle claims that it broke Iranian sanctions, Cuban Assets Control Regulations and Weapons of Mass Destruction bank regulations, JPMorgan Chase has agreed to a $5.3 million fines payment. The U.S. Treasury noted that the violations were voluntarily disclosed by the bank and were a “non-egregious...
TD Ameritrade’s new research report, “The Tech Effect: How the Digital Age is Changing Investing,” surveyed 1,000 U.S. investors between the ages of 18 and 70 with over $10,000 in investable assets. Get the Full Story Complete the form to unlock this article and enjoy...
