July 14, 2023
Bank Earnings Paint Picture of Resilient Consumers
Data tells a tale just as much as management commentary on analyst calls during earnings season. To that end, a slew of earnings materials from big banks Friday (July 14)...
July 12, 2023
Deposits, Consumers and Digital Channels in Focus as Bank Earnings...
It’s the middle of July, almost. And thus: Earnings season begins in earnest. As usual, a slew of big banks will kick things off, beginning Friday (July 14 ), giving...
July 11, 2023
SEC Charges Merrill Lynch and BACNAH for Failing to File...
The Securities and Exchange Commission (SEC) has announced charges against investment firm Merrill Lynch, Pierce, Fenner & Smith and its parent company BAC North America Holding Co. The charges, stemming from 2009 to 2019,...
July 10, 2023
Big Banks’ Loan Losses Spike as Credit Card Charge-Offs Rise
America’s big banks are due to report their largest increase in loan losses since the pandemic. As the Financial Times reported Monday (July 10), analysts project the six largest banks...
July 07, 2023
Will Private Blockchain and the Fed Make Tokenized Deposits Mainstream?
A digital dollar may be on the horizon — or at least, it’s feasible. After a 12-week project, the Federal Reserve and nine marquee names in banking said Thursday (July 6) that a shared,...
July 06, 2023
NY Fed: Digital Dollar Could Improve Cross-Border Payments
The New York Federal Reserve said a digital dollar could improve cross-border and domestic payments. That’s according to the results of a test by the Fed’s New York Innovation Center (NYIC) that examined...
June 29, 2023
Revolut Offers Its Robo-Advisor to US Investors
British financial app Revolut has brought its robo-advisor to U.S. soil. The automated investing feature manages customers’ investment portfolios for them with fees Revolut says are lower than the ones offered...
June 28, 2023
UBS To Cut Half Of Credit Suisse Jobs Post Buyout
UBS Group is reportedly planning to reduce its workforce at Credit Suisse, the Swiss lender it acquired earlier this year, by over half, according to anonymous sources cited by Bloomberg....
June 22, 2023
The Trickledown Consumerization of B2B Payments Helps Firms Win Business
There are few B2B billing systems that businesses enjoy using. The amount of paper still being pushed around across the B2B space, even as the ecosystem around it goes increasingly...
Seventy-five percent of car buyers favor brands that offer rewards, with a similar percentage (74%) favoring digital payments. In the latest edition of the “Expanding Payments Choice Playbook Series,” a collaboration with Onbe, PYMNTS examines the critical role digital rewards and incentives now play in facilitating a true end-to-end digital car-buying experience.
