January 12, 2024
Wells Fargo Sees Credit Card Spending Up 15% for Q4
Wells Fargo benefited from a strong economic environment and higher interest rates in 2023. Wells Fargo CEO and President Charlie Scharf said Friday (Jan. 12) during the bank’s quarterly earnings...
January 11, 2024
Bank Earnings to Offer Insight Into Digital Pivots and Loan...
Every three months, like clockwork, the earnings roll in. And every three months, the big banks usher in the “official” start of earnings season. Will it all begin with a...
January 08, 2024
Barclays’ 2023 Layoffs Reached 5,000 as Banks Cut Back
Barclays reportedly laid off about 5,000 workers in 2023 as part of a cost-cutting campaign. A spokesperson for the British bank told Reuters Monday (Jan. 8) that most of those cuts...
January 08, 2024
The Impact Quantum-Powered AI Could Have on Payments
The 21st century has seen an incredible progression of business capabilities from an innovation standpoint. Taking into account the recent commercialization of artificial intelligence (AI) to a more general and...
January 08, 2024
European Banks’ Returns Set to Outdo American Counterparts
Europe’s banks are reportedly set to have a much better year than their U.S. rivals. The KBW Bank Index, made up of the top 24 banks in America, is expected...
January 08, 2024
Jump in Bad Loans Threatens Big Banks’ Earnings
The specter of an increase in bad debt hangs over America’s largest lenders. Banks such as JPMorgan Chase and Wells Fargo will release their earnings in the coming days, and...
January 08, 2024
CE 100 Index Starts Off 2024 With a 2.6% Loss
Out with the old and in with the new, as they say. For the CE 100 Index, completing its first (shortened) week of trading, the initial trading days resulted in...
December 27, 2023
‘Goliath’ JPMorgan Has 18% of All US Banking Revenue, Report...
JPMorgan Chase is ending 2023 as the leading figure in the U.S. banking sector. The company’s banking operation earned $38.9 billion in profits for the first nine months of the year, or about...
December 27, 2023
Nearly 1 in 3 Hospitality SMBs Rely on National Banks...
Main Street small and medium-sized businesses (SMBs), which faced challenges during the pandemic and managed to stay afloat, are aiming to stabilize their finances in the current inflationary market conditions....
