Banking

Banking
Wells Fargo Ready To Cut Jobs
August 21, 2020

The moratorium on job cuts at Wells Fargo & Co. is over. 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
Report: JPMC Plans UK Digital Lender Launch In Early 2021
August 21, 2020

JPMorgan Chase plans to launch a digital bank in the United Kingdom early next year, Sky News reported Friday (Aug. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Chase Wants To Put ATMs In Post Offices
August 19, 2020

J.P. Morgan Chase is looking into installing ATMs in U.S. Postal Service (USPS) offices, CNBC reported. 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...

Banking
Japan’s Top Banks Prep Cheaper Money Transfer Network
August 06, 2020

Japan’s banking industry has been under pressure from the national government to reduce fees for sending money electronically. Now, the country’s biggest banks said they will work together to build a less expensive money-transfer network focused mainly on small transactions among individuals, Bloomberg News reported....

Banking
HSBC Sees Profits Fall As Bad Debts Top $6B
August 03, 2020

HSBC, Europe’s biggest bank, has seen its profits plunge in the first six months of 2020, squeezed by low interest rates and the COVD-19 pandemic, The Telegraph reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
Betterment Debuts Cash Goals Feature To Help Users Save
July 30, 2020

To assist its banking users in putting aside funds for set aims, Betterment is rolling out a new Betterment Cash Goals feature. Users can see all of their funds in a single location and save with intention by making distinct buckets for financial goals over...

Banking
India’s Central Bank Warns Of Banking Crisis
July 19, 2020

Rajnish Kumar, chairman of the State Bank of India, the country’s largest lender, said the resurgence of the coronavirus jeopardizes reform of the financial system, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
MoneyLion Launches RoarMoney Account With Contactless Mobile Wallet
July 15, 2020

MoneyLion, the New York-based mobile bank, announced the launch of RoarMoneySM, a demand deposit account powered by MetaBank N.A. with Mastercard as its exclusive card network. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
Biggest Banks Brace For Loan Losses
July 14, 2020

The country’s largest banks by assets have set aside nearly $30 billion to cover losses associated with COVID-19, a tally of recently disclosed plans indicates. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...