banking

Discover’s Card Charge-Offs Improve and Delinquencies Show Stability

Discover’s Card Charge-Offs Improve and Delinquencies Show Stability
Discover’s Card Charge-Offs Improve and Delinquencies Show Stability
January 23, 2025  |  Earnings

Discover Financial Services posted earnings results on Thursday morning (Jan. 23) that indicated improving credit quality metrics tied to its credit cards, as well as...

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Fiserv Appoints PNC Veteran Michael Lyons as President and CEO-Elect
Fiserv Appoints PNC Veteran Michael Lyons as President and CEO-Elect
January 23, 2025  |  Personnel

Fiserv has appointed Michael P. Lyons, former president of PNC Financial Services Group, as its president and CEO-elect, effective Monday (Jan. 27). Lyons will become CEO and a...

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Data ‘Connects the Dots’ to New Revenue Opportunities for Banks
Data ‘Connects the Dots’ to New Revenue Opportunities for Banks
January 23, 2025  |  Artificial Intelligence

Generative artificial intelligence (GenAI) has been among the buzzwords that are universal — cutting across all aspects of everyday life and promising to upend and...

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Fifth Third Gains Deposits by Investing in Branches and Banking Platform
Fifth Third Gains Deposits by Investing in Branches and Banking Platform
January 21, 2025  |  Banking

Ohio-based Fifth Third Bancorp is seeing gains from its investments in new branches in the Southeast U.S. and its digital banking platform. Fifth Third generated...

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You Can’t Teach an Old Tech Stack New Payments Tricks
You Can’t Teach an Old Tech Stack New Payments Tricks
January 21, 2025  |  B2B Payments

The tech stack is the engine that keeps businesses running, but for many financial services firms, it remains a labyrinth of outdated systems and cumbersome...

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KeyCorp Eyes Embedded Banking Expansion as Deposits Climb in Q4
KeyCorp Eyes Embedded Banking Expansion as Deposits Climb in Q4
January 21, 2025  |  Earnings

In its fourth-quarter results released Tuesday (Jan. 21), financial institution KeyCorp, noted growth in its deposits. Management stated on a conference call with analysts that...

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Banking and BNPL Shifts in Limbo as Trump’s Executive Order Pauses Pending Regulations 
Banking and BNPL Shifts in Limbo as Trump’s Executive Order Pauses Pending Regulations 
January 21, 2025  |  Legal & Regulation

Amid the blizzard of executive orders that marked the first day of the Trump administration, there was widespread speculation that the new president would take...

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FDIC Suit Against Former SVB Execs Highlights Continued Scrutiny of Risk Models
FDIC Suit Against Former SVB Execs Highlights Continued Scrutiny of Risk Models
January 20, 2025  |  Bank Regulation

The new administration is here, ushering in a phase of uncertainty surrounding banking regulations and the state of the regulatory agencies themselves. Beyond the usual...

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