January 11, 2023
Wells Fargo Narrows Focus of Home Lending Business
Wells Fargo is shrinking and simplifying its home lending business. The business will now focus on bank customers and minority communities, while the bank exits the correspondent business and reduces...
January 08, 2023
Target Seek to Grow Food Sales With Expanded Tabitha Brown...
Target is targeting vegan consumers with its ongoing partnership with actor-author Tabitha Brown. Beginning Sunday (Jan. 8), shoppers can purchase a line of vegan food products, tableware, cookware and kitchen...
January 04, 2023
Report: Target Faces Sustained Weakness and Declining Traffic
Target is “no longer an attractive investment,” a Wells Fargo analyst said Wednesday, citing a range of continued headwinds and challenges. This, as Edward Kelly, an analyst for the bank,...
December 28, 2022
Crypto’s Pain Is CBDC and Digital Dollar’s 2022 Gain
One surprising digital dollar asset had a great 2022, and it wasn’t cryptocurrency. While the past year saw the value of the crypto market shrink to $1.4 trillion from its...
December 27, 2022
Small Businesses Cite Cross-Border Payment Frictions as Barrier to Growth
Small businesses aiming to expand their eCommerce presence across borders in 2023 may want to keep cross-border frictions top of mind. Whether domestic or international, payments management is resource-intensive but...
December 22, 2022
Boston Fed, MIT Study Paints Path Forward for Digital Dollar
A U.S. digital dollar is possible, and researchers have built the framework to prove it. That’s according to a multi-year project from the Federal Reserve Bank of Boston and the...
December 20, 2022
CFPB Levies Record $3.7B Fine on Wells Fargo
The CFPB fined Wells Fargo a $3.7 billion fine for its handling of loans and banking programs. The record penalty, announced Tuesday (Dec. 20), exceeds the $2 billion the banking giant...
December 16, 2022
Goldman Sachs Layoffs May Reach 4,000 Across Firm
Goldman Sachs layoffs reportedly may reach as many as 4,000 employees. Reuters reported Friday (Dec. 16) that these planned cuts follow the firm’s laying off 500 employees in September and...
December 12, 2022
Small Banks Explore P2P Options Over Zelle Scam Repayment Costs
America’s smaller banks aren’t happy with a plan to reimburse peer-to-peer payment scam victims. Industry groups representing the country’s community banks and credit unions say these institutions could abandon partnerships with instant...
