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.
Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
April 16, 2024  |  Personnel

The largest U.S. banks cut a total of more than 5,000 jobs during the first quarter. They did so to control costs during an uncertain...

READ MORE >
PNC Reports 2% Commercial Loan Dip Amid Manufacturer ‘Hesitancy’
PNC Reports 2% Commercial Loan Dip Amid Manufacturer ‘Hesitancy’
April 16, 2024  |  Earnings

PNC Financial Services Group saw average commercial loans dip in the first quarter as businesses remained cautious about the macroeconomic environment. Overall, average loans decreased...

READ MORE >
Commerce Bancshares Echoes Q1 Earnings Theme of Resilience
Commerce Bancshares Echoes Q1 Earnings Theme of Resilience
April 16, 2024  |  Earnings

Commerce Bancshares, one of the Midwest’s strongest regional banks, joined the chorus of Q1 results reporting Tuesday (April 16) and sounded the theme of resiliency....

READ MORE >
Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
April 16, 2024  |  Earnings

Bank of America’s first quarter results took note of continued use of digital channels in banking — and for payments, too. The bank recorded 3.4...

READ MORE >
Green Dot Names Marqeta Vet Renata Caine as BaaS Lead
Green Dot Names Marqeta Vet Renata Caine as BaaS Lead
April 15, 2024  |  Personnel

Green Dot has named payments industry veteran Renata Caine as its new Banking-as-a-Service (BaaS) general manager. Caine previously worked at Marqeta and at the commercial payments division of WEX, the...

READ MORE >
FinCEN Warns Banks to Watch for Passport Card Fraud
FinCEN Warns Banks to Watch for Passport Card Fraud
April 15, 2024  |  Security & Fraud

Federal authorities are warning banks against the rising threat of passport card fraud. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Department...

READ MORE >
Goldman Earnings: Consumer Loan Net Charge-Offs Reach 8.4%
Goldman Earnings: Consumer Loan Net Charge-Offs Reach 8.4%
April 15, 2024  |  Earnings

Goldman Sachs posted earnings on Monday (April 15) that illuminated a continued focus on Wall Street activities, while the firm continues to exit consumer-related banking...

READ MORE >
Lloyds Bank Appoints Linda Weston as Head of Commercial Cards
Lloyds Bank Appoints Linda Weston as Head of Commercial Cards
April 15, 2024  |  Personnel

Lloyds Bank Business & Commercial Banking has appointed Linda Weston to the newly created position of head of commercial cards, effective in June. Weston will...

READ MORE >
Revolut Investor Says FinTech’s Value Has Jumped 45%
Revolut Investor Says FinTech’s Value Has Jumped 45%
April 15, 2024  |  Digital Banking

A Revolut investor reportedly believes the FinTech’s value has climbed 45% since last year. An investment trust overseen by Schroders has upped its stake in the British company, from 7.88 million...

READ MORE >