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.

Goldman And BofA Earnings: A Tale Of Two Banks (And Digital Strategies)

Goldman And BofA Earnings: A Tale Of Two Banks (And Digital Strategies)
Goldman And BofA Earnings: A Tale Of Two Banks (And Digital Strategies)
January 18, 2021  |  Earnings

The earnings theme for Tuesday (Jan. 19), at least in financial services, might be termed: A tale of two banks. Get the Full Story Complete the...

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Mastercard: Building An Inclusive Economy
Mastercard: Building An Inclusive Economy
January 18, 2021  |  Financial Inclusion

“While there has been a massive shift to digital payments this year, close to 50 million people in the U.S. remain underbanked,” points out Sudhir...

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Why Digital Banking Platforms Might Be Firms’ ERP Of The Future
Why Digital Banking Platforms Might Be Firms’ ERP Of The Future
January 18, 2021  |  B2B Payments

With more digital banking options emerging on the U.S. market, FinTechs are turning their attention to the business community, whose demands for a better banking...

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Q4 Earnings Show Big Banks Fared Better Than Expected In 2020
Q4 Earnings Show Big Banks Fared Better Than Expected In 2020
January 15, 2021  |  Earnings

In the first wave of Q4 earnings reports, J.P. Morgan Chase, Citigroup and Wells Fargo showed the pandemic’s impact on critical lending and spending, and...

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Citi Q4 Earnings Show Digital Banking Growth, Drop In Card Spending
Citi Q4 Earnings Show Digital Banking Growth, Drop In Card Spending
January 15, 2021  |  Earnings

Citigroup reported stronger than expected Q4 earnings Friday (Jan. 15) that showed a solid digital business, but fell short on expected revenue. Earnings fell by...

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Wells Fargo’s Provision For Credit Losses Drops $823 Million
Wells Fargo’s Provision For Credit Losses Drops $823 Million
January 15, 2021  |  Earnings

Wells Fargo reported on Friday (Jan. 15) as part of its Q4 2020 earnings that its provision for credit losses fell $823 million. The bank...

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ECB Officials Fear Banks Will Get Hit Hard By Pandemic Fallout
ECB Officials Fear Banks Will Get Hit Hard By Pandemic Fallout
January 15, 2021  |  Banking

European Central Bank (ECB) officials are concerned that Euro-area banks will get hit hard in 2021 by fallout from the COVID-19 pandemic as weakened businesses...

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JPMorgan’s Mobile Customers Surge 10 Pct; Management Cautious On Economic Environment
JPMorgan’s Mobile Customers Surge 10 Pct; Management Cautious On Economic Environment
January 15, 2021  |  Earnings

J.P. Morgan Chase posted fourth-quarter earnings results on Friday (Jan. 15) that showed the impact from the pandemic and economic headwinds were not as bad...

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Today In Digital-First Banking: Goldman Sachs Taps Marqeta To Fuel Marcus Checking; X1 Card Notches $12 Million In Funding
Today In Digital-First Banking: Goldman Sachs Taps Marqeta To Fuel Marcus Checking; X1 Card Notches...
January 14, 2021  |  Digital Banking

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup...

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