Sections
consumer banking
-
Digital BankingMonzo Launches New Premium Consumer Banking Accounts
U.K. digital bank Monzo is taking another crack at offering premium online consumer banking...
-
EarningsTruist Sets Aside $844M For Bad Loans Amid Weak Q2...
Charlotte, North Carolina-based Truist Financial Corp. on Thursday (July 16) became the latest bank...
-
EarningsJPMorgan Q2 Chase Credit Card Volume Plunges 23 Pct
J.P. Morgan Chase – America’s biggest bank in asset terms – on Tuesday (July...
-
BankingWells Fargo To Offer Bank Accounts With Capped Overdraft Fees
Ahead of its scheduled congressional hearings in the coming week, Wells Fargo & Co. debuted the...
-
B2B PaymentsSilverCloud On How FIs Can Offer SMBs A ‘Consumer’ Banking...
Customer service is the lifeblood of financial services, just as much as credit cards,...
-
Credit UnionsGallup: Credit Unions Feel The Love
The notion that credit unions (CUs) play country mouse to their more worldly banking...
-
BankingGoldman Targets $125B In Consumer Deposit Balances In Five Years
Amid the targets for return on equity in the investment banking business, Goldman’s first...
-
AuthenticationThe Bank App Feature 54.1 Percent Of Consumers Agree They...
Though many banks may be betting big on advanced technology to help them in...
-
EarningsGoldman Sachs: Marcus At $60 Billion In Deposits
All quarterly reports have puts-and-takes, and variations on themes – and, for banks, the...
-
NewsTop News in Payments: Citigroup Names New Retail Banking Leader;...
In today’s top news, CitiGroup named David Chubak to head its retail banking division,...
-
BankingGoldman’s Reporting Revamp Spotlights Its Consumer Focus
If you can’t beat ’em, join ’em — at least when it comes to...
-
Digital BankingHow N26 Is Changing Its Expansion Strategy, Competing For US...
Move fast and break the conventional mold is a strategy practically synonymous with challenger...
-
InvestmentsGoldman’s Investor Day To Divert Focus From Consumer Banking
The first-ever Goldman Sachs Investor Day planned Jan. 29 won’t include rigid profit goals...
-
RetailWalmart’s Daniel Eckert On Why TailFin Is Retail’s Next Big...
Worlds are colliding when it comes to payments and commerce. One of the most...
-
BankingCitigroup Taps Jane Fraser To Lead Consumer Banking Division
Citigroup veteran Jane Fraser was named to lead the company’s consumer banking division following...
-
EarningsChase Sees Active Mobile Customers, Card Loans Grow in Q3
Amid the companies kicking off earnings season, JPMorgan Chase and Co. reported results that...
-
Data DiveData Dive - Losses, Cuts And Freezes: Goldman, Banking And...
There are weeks of smooth sailing in the payments and commerce ocean, and then...
-
Digital BankingGoldman Exec Says Marcus Isn’t Like JPMC’s Finn
Goldman Sachs doesn't believe its digital brand, Marcus, will suffer the same fate as...
-
Digital BankingGoldman COO Teases New Digital Money Management Product
The chief operating officer of Goldman Sachs said the bank is working on a...
-
PersonnelGoldman Sachs' Marcus Loses Product Head
Marcus, the consumer bank operated by Goldman Sachs, has seen its head of product...
-
B2B PaymentsWells Fargo's Corporate Banking Business Struggles To Bounce Back
Wells Fargo’s corporate banking operations are struggling to bounce back as well as its...
-
BankingChase Plans Expansion In Top US Markets In 2019
Chase has announced it is expanding its retail footprint into nine of the top...
-
BankingWhy 'Mobile-First' Must Mean 'Trust-Always'
Trust is inherent in banking, and has been since the beginning, when people decided...
-
Digital BankingBank of America Stock, Can Be Traded For Free
Bank of America is giving free trades to its most loyal members, according to...
-
Today In DataToday In Data: Driving Contactless Adoption With Community Banks
Community banks could put more contactless cards into the hands of consumers with the help of...
-
BankingOnline Shift Trims Citi’s Russian Bank (Branches)
Regulatory oversight may have the impact of reducing some banks’ physical footprint abroad. To...
-
EarningsBank Of America’s Zelle P2P Transactions Increased 97 Pct In...
Zelle P2P payments increased 97 percent in the fourth quarter of 2018, Bank of...
-
EarningsChase Active Mobile Users Hit 33.3M
In what is becoming what seems to be a familiar theme as banks report...
-
EarningsCiti Weathers Trading Volatility as Mobile Efforts Gain Traction
Citigroup’s trading business may have been the focus on Monday (Jan. 14) upon releasing...
-
B2B PaymentsRadius Bank Goes Mobile For Micro-Businesses
Virtual bank Radius Bank — which services small businesses (SMBs), micro-firms and consumers — is rolling...
-
LoansHSBC, Avant Team On Personal Loans
HSBC Holdings announced that it is teaming up with online lender Avant to offer...
-
BankingBanks’ Low Interest Rates Costing Them Deposits
The country’s four largest banks reported a combined 5 percent drop in U.S. deposits...
-
BankingGoldman Reassigns Online Bank Marcus To Wealth Unit
Goldman Sachs is moving its Marcus business line into its wealth-management unit. According to...
-
Mobile PaymentsCiti Ventures Makes Investment In Ondot
A sense of control and security goes a long way toward building confidence, and...
-
EarningsJPMorgan Reports Growth In Card Spend, Mobile Users
JPMorgan posted results on Friday (Oct. 12) that beat the Street on headline numbers...
-
EarningsCitigroup Beats Earnings Expectations, But Misses On Revenue
It was a better than expected showing when Citibank reported, with earnings coming in...
-
LoansGoldman Tightens Marcus Lending Reins
Goldman Sachs might be reining in its online lending platform due to concerns about...
- Banking
Through Marcus, Goldman Taps UK Retail Banking/Savings Market
Goldman Sachs Group has launched its consumer bank, Marcus, in the United Kingdom, the...
-
Partnerships / AcquisitionsFiserv Buys Elan’s Debit, ATM Business For $690M
Fiserv, the global provider of financial services technology solutions, announced on Tuesday (Sept. 25)...
-
BankingJPMorgan Bucks The Trend, To Open 50 New Branches In...
U.S. banks may be shuttering branches in an effort to cut costs, but JPMorgan...
-
PersonnelWells CEO Says He’s In For The Next Decade
Wells Fargo Chief Executive Tim Sloan told Bloomberg late last week that he plans...
-
RegulationWells’ Plan To Compensate Auto Insurance Holders Rejected
Wells Fargo has seen U.S. regulators turn down its plan to pay back customers...
-
Alternative FinancesUS Bank Launches Loan To Compete With Payday Lenders
U.S. Bank is entering the small-dollar lending arena. Going forward, U.S. Bank depositors will...
- Personnel
US Bank Exec Retirement Triggers Big Reorg
U.S. Bank announced that John Elmore, vice chairman of Community Banking & Branch Delivery,...
-
BankingChinese Consumers Turn To Bank Deposits For Financial Security
More Chinese consumers are choosing to deposit their money into traditional banks as they...
-
RegulationFCA Rolls Out Rules To Help Consumers Make Better Financial...
The Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) announced on...
-
BankingCitigroup's Jud Linville To Leave As Part Of Executive Reshuffling
Citigroup announced Monday (Aug. 13) that Jud Linville, CEO of global cards and consumer...
-
BankingLegislation Would Ban Banks From Overdraft Fees On Debit, ATM...
Sen. Cory Booker has proposed legislation that would prohibit financial institutions from charging overdraft...
- Banking
Wells Fargo Refunding Customers For Add-On Products
Wells Fargo, the embattled national bank, is reportedly refunding tens of millions of dollars...
-
EarningsBank Of America Earmarks $500M In Tech Spend As Mobile...
Continuing the recent string of earnings from big banks – a string that kicks...
