Banking

Banking
BofA Reports Rise in Credit Card Charge-Off and Delinquency Rates
September 15, 2023

Bank of America is seeing more of its customers falling behind on their credit card payments.  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
Citigroup Layoffs Focus on Support, Technology Staff
September 15, 2023

Citigroup has reportedly begun the layoff process after announcing a management overhaul on Wednesday (Sept. 13). 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
Goldman Sachs Creates Unit for Wealthy Clients to Invest in Sports Teams
September 15, 2023

Goldman Sachs has reportedly created a “sports franchise” unit within its investment banking division. 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...

Banking
BofA Expands SafeBalance as Consumers Struggle With Overdrafts
September 13, 2023

Bank of America is expanding the requirements of its SafeBalance checking account plan. 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
HSBC Launches Multi-Market Business Account Opening Service
September 13, 2023

HSBC has launched a multi-market business account opening service. 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 this form, you agree...

Banking
Nearly 70% of Consumers Prioritize Trust Over Convenience When Choosing a Bank
September 13, 2023

In the retail banking industry, convenience and trust are two pivotal elements that significantly influence customer satisfaction and the acquisition of new customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
Wells Fargo CFO Expects More Layoffs in Drive for Efficiency
September 12, 2023

Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. 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
Barclays CEO Says Job Cuts Are in Line With Industry
September 11, 2023

Barclays Plc plans to cut hundreds of jobs, following many other financial institutions that have done the same. 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...

Banking
UPI Adds Voice Payments to Expand Financial Inclusion
September 11, 2023

India is preparing to add a voice-enabled feature to its Universal Payments Interface (UPI) system. 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....