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.

Spence Labs Collab Helps Banks Serve Legal Cannabis Market
Spence Labs Collab Helps Banks Serve Legal Cannabis Market
April 15, 2021  |  B2B Payments

To provide a digital payment offering to financial institutions (FIs) working with cannabis-related businesses (CRBs), digital payment company Spence Labs has collaborated with cannabis banking...

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Consumer Spending, Low Credit Card Delinquencies Lifts Big Bank Earnings
Consumer Spending, Low Credit Card Delinquencies Lifts Big Bank Earnings
April 15, 2021  |  Banking

If there’s one universal theme thus far across bank earnings, across banks large and small, investment banking juggernauts and more retail-oriented firms … it’s that...

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Truist First-Quarter Financials Show $1.3 Billion Net Income
Truist First-Quarter Financials Show $1.3 Billion Net Income
April 15, 2021  |  Earnings

Truist Financial Corporation has reported its earnings for the first quarter, with the net income available to common shareholders being $1.3 billion, according to a...

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Bank of America’s Profits Double; 40.3 Million Customers Use Digital Banking
Bank of America’s Profits Double; 40.3 Million Customers Use Digital Banking
April 15, 2021  |  Earnings

With the pandemic economic crisis fading, Bank of America said on Thursday (April 15) that it had released $2.7 billion of the cash it had...

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Citigroup Q1 Profits Up As It Plans Exit From 13 Global Markets
Citigroup Q1 Profits Up As It Plans Exit From 13 Global Markets
April 15, 2021  |  Earnings

Citigroup reported higher-than-expected profits of $7.9 billion, or $3.62 per share, for the first quarter of this year compared to last year’s $2.5 billion, or...

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Study: Many Consumers Will Buy Insurance From Their Bank If Offered The Option
Study: Many Consumers Will Buy Insurance From Their Bank If Offered The Option
April 15, 2021  |  Banking

Would it surprise you to learn that Gen Z consumers — the oldest of whom turn 24 this year — are the most likely of...

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Emerging Technologies, Services Drive Payment Rail Innovation
Emerging Technologies, Services Drive Payment Rail Innovation
April 15, 2021  |  B2B Payments

This week’s round-up of the newest innovations in payment rails for B2B payments shows a key focus on improving upon existing rails — and fueling...

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Goldman CEO: Bullish On Marcus, Reserved On Crypto
Goldman CEO: Bullish On Marcus, Reserved On Crypto
April 14, 2021  |  Earnings

Turns out that triple-digit stock market growth isn’t reserved for GameStop. Working in an unprecedented environment of SPAC hype, crypto-mania and retail trading explosions, Goldman...

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Wells Fargo Reports 20 Pct Rise In Consumer Debit Card Spend Amid Pandemic Recovery   
Wells Fargo Reports 20 Pct Rise In Consumer Debit Card Spend Amid Pandemic Recovery   
April 14, 2021  |  Earnings

Wells Fargo reported Wednesday (April 14) results that showed approximately 6 percent growth in credit card-based spending, with notable growth of approximately 20 percent in...

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