banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

FDIC and Federal Reserve Fine Discover, Alleging Credit Card Misclassification

FDIC and Federal Reserve Fine Discover, Alleging Credit Card Misclassification
FDIC and Federal Reserve Fine Discover, Alleging Credit Card Misclassification
April 18, 2025  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) and the Federal Reserve Board fined Discover Financial Services and two subsidiaries, Discover Bank and DFS Services LLC, alleging that they misclassified consumer credit...

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Earnings Roundup Finds Resilient Consumer Spend and Solid Credit
Earnings Roundup Finds Resilient Consumer Spend and Solid Credit
April 18, 2025  |  Banking

The four financial services companies that reported results Thursday (April 18) — KeyCorp, Truist, American Express and Fifth Third Bancorp — faced investors against a backdrop...

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42% of Suspicious Banking Activity Linked to Identity Fraud
42% of Suspicious Banking Activity Linked to Identity Fraud
April 18, 2025  |  Identity theft

As fraudsters leverage sophisticated tactics, including artificial intelligence (AI)-powered identity manipulation, the FinTech sector finds itself in the crosshairs of an escalating battle against financial...

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Kinective Acquires Datava to Add Data Intelligence to Banking Operations Platform
Kinective Acquires Datava to Add Data Intelligence to Banking Operations Platform
April 17, 2025  |  Partnerships

Kinective said Wednesday (April 16) that it will add end-to-end data intelligence to its banking operations platform after acquiring Datava. Get the Full Story Complete...

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Treasury Department Takes Lead in Efforts to Ease Banking Regulation
Treasury Department Takes Lead in Efforts to Ease Banking Regulation
April 17, 2025  |  Bank Regulation

The Treasury Department is reportedly taking the lead in the Trump Administration’s efforts to streamline oversight and ease regulation in the banking sector. Get the Full Story Complete...

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KeyCorp’s Commercial Payments Business Grows Despite Macro Uncertainty
KeyCorp’s Commercial Payments Business Grows Despite Macro Uncertainty
April 17, 2025  |  Banking

KeyCorp’s latest earnings results showed growth in deposits, while management pointed to momentum in payments, including commercial payments, that should prove resilient even in the...

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Amex Projects Resilient Consumer Demand, Anchored by Gen Z and Millennial Growth
Amex Projects Resilient Consumer Demand, Anchored by Gen Z and Millennial Growth
April 17, 2025  |  Earnings

If the general attitude of global business is based on economic uncertainty, American Express (Amex) never got that email. Get the Full Story Complete the...

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Fifth Third Bancorp: Diversification Aids Resilience Amid Tariff-Driven Uncertainty
Fifth Third Bancorp: Diversification Aids Resilience Amid Tariff-Driven Uncertainty
April 17, 2025  |  Earnings

Fifth Third Bancorp executives highlighted their proactive management and the bank’s ability to navigate uncertain environments during a conference call Thursday (April 17) discussing first-quarter...

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