September 25, 2023
What Early Warning’s Paze Has in Common With Amazon’s Fire...
In June of 2014, Amazon launched the Fire phone. Priced at $650 and offered exclusively by AT&T, the phone’s big selling point was its “Dynamic Perspective” — a feature that...
September 21, 2023
Venmo Retains Dominance in PYMNTS’ Provider Ranking of Credit Card...
PYMNTS’ Provider Ranking of Credit Card Apps tracks the ever-changing landscape of credit card mobile applications each month. In the latest edition, ties from last month have parted ways, and...
September 21, 2023
Incentives in Your Antitrust Compliance Program
Incentives play an essential role in having an effective and credible compliance program. The U.S. DOJ has made this clear in its guidance statements. There tends to be, however, reluctance...
September 17, 2023
Wells Fargo: Corporate Borrowers ‘Acquiescing’ to High Interest Rates
Are corporate borrowers resigned to higher interest rates? Wells Fargo thinks so. In an interview with Bloomberg Television on Friday (Sept. 15), Maureen O’Connor, global head of high-grade debt syndicate at the bank,...
September 15, 2023
Ex-Wells Fargo Retail Banking Head Tolstedt Gets Probation
A former Wells Fargo executive has been sentenced to probation for her role in a scandal that rocked the bank in 2016. Carrie L. Tolstedt, a former head of retail banking at...
September 15, 2023
Citigroup Layoffs Focus on Support, Technology Staff
Citigroup has reportedly begun the layoff process after announcing a management overhaul on Wednesday (Sept. 13). Support staff in compliance and risk management at the bank are expected to be the...
September 13, 2023
Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization
Citi says it is embarking on a major restructuring of its organization that eliminates a number of management layers. The new structure, announced Wednesday (Sept. 13), elevates the leaders of the banking giant’s...
September 12, 2023
Wells Fargo CFO Expects More Layoffs in Drive for Efficiency
Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Since the third quarter of 2020, Wells Fargo has been trimming...
September 11, 2023
Barclays CEO Says Job Cuts Are in Line With Industry
Barclays Plc plans to cut hundreds of jobs, following many other financial institutions that have done the same. CEO C.S. Venkatakrishnan told CNBC Monday (Sept. 11) that these workforce plans are in...
