banking news articles
- Banking
Dimon sets out to win back JPMorgan shareholders after stock slide
Inside JPMorgan Chase, senior executives are counting on an investor day to redeem themselves from a routine January conference call…
Read More » - Banking
Truist’s Daryl Bible to retire, search begins for new CFO
Truist Financial will conduct a search for a new chief financial officer after Daryl Bible, who has served in the…
Read More » - Banking
From superstore to super app: Walmart’s next steps in finance
To date, Walmart’s approach to financial services has been like its approach to running a superstore: Whatever you need, it’s…
Read More » - Banking
High level of trust in SBA creates opportunities to boost access to capital
The pandemic may be receding, but the economic impact it had on small businesses across the country has its own…
Read More » - Banking
Red flags for farm banks: Soaring inflation, deep drought
Farmers and the bankers who lend to them are grappling with the one-two punch of soaring inflation and long-term drought.…
Read More » - Banking
Democrats press Biden to go big on forgiving student loan debt
Senate Majority Leader Chuck Schumer and fellow Democrats Elizabeth Warren and Raphael Warnock pitched President Biden to go big with…
Read More » - Banking
Kabbage founders Rob Frohwein and Kathryn Petralia launch fintech Keep
Rob Frohwein and Kathryn Petralia, founders of the online small-business lender Kabbage, have started a new company called Keep Financial. …
Read More » - Banking
Goldman Sachs report shows bank is losing senior Black women
Goldman Sachs Group is losing its most powerful Black women, according to new data the firm released in a report on its…
Read More » - Banking
In-person or remote work? Two payments leaders weigh in.
As the pandemic ebbs and flows, various financial institutions and payment companies are making very different decisions about whether to…
Read More » - Banking
Top-performing U.S. community bank shows value of revenue diversification
Oregon Bancorp once again finds itself in a familiar perch: atop a key ranking of community lenders. For the fourth consecutive…
Read More » - Banking
Two board members resign from Los Angeles bank ahead of annual meeting
A new wave of boardroom turmoil has hit RBB Bancorp in Los Angeles two days before the $4 billion-asset company…
Read More » - Banking
Ex-FHFA Chief Calabria warns of Fannie, Freddie risk
Mark Calabria, who oversaw government-controlled mortgage giants Fannie Mae and Freddie Mac under the Trump administration, is sounding alarm bells…
Read More » - Banking
NatWest explores a separate online lender for small businesses
NatWest Group is considering launching a separate digital lender for small businesses in the U.K. to find a new avenue…
Read More » - Banking
Vernon Hill forced out of Republic First chairman role under activist pressure
Under pressure from critical investors, Vernon Hill lost control of Republic First Bancorp’s board. After the death last week of…
Read More » - Banking
Truliant Federal Credit Union in North Carolina names diversity leader
Truliant Federal Credit Union in Winston-Salem, North Carolina, has promoted Precious Quire-McCloud to oversee the credit union’s initiatives for diversity,…
Read More » - Banking
Less than four years after shooting, Fifth Third faces hostage situation
Less than four years after a fatal shooting at Fifth Third Bancorp’s headquarters in Cincinnati, an armed man entered one…
Read More » - Banking
CFPB ramps up enforcement hiring
The Consumer Financial Protection Bureau is hiring 20 additional enforcement attorneys as the bureau ramps up investigations of repeat offenders…
Read More » - Banking
Truist reckons with customer backlash after integration snags
Early last fall, Truist Financial in Charlotte, North Carolina, found itself in a favorable position. The $536 billion-asset company had…
Read More » - Banking
JPMorgan, Goldman exploited ‘loophole’ in Russia sanctions: Lawmakers
A pair of Democratic lawmakers, Sen. Elizabeth Warren of Massachusetts and Rep. Katie Porter of California, are questioning whether Goldman…
Read More » - Banking
Chopra’s expansive vision for CFPB authority is facing industry pushback
A dizzying number of policy changes and enforcement actions by the Consumer Financial Protection Bureau in recent weeks has prompted…
Read More » - Banking
Visa, global banks complete test of the carbon offset system
Visa and National Australia Bank are among the collaborators on a carbon credit initiative that’s designed to expand payment technology…
Read More » - Banking
Visa curates a pool of buy now/pay later partners for issuers
Almost two years after unveiling its program for Visa credit card issuers to get into the fast-growing buy now/pay later…
Read More » - Banking
Talent gap poses challenge as banks seek to validate their models
A decade after regulators began requiring banks to validate the effectiveness of their financial models, a talent shortfall is hampering…
Read More » - Banking
CFPB reiterates skepticism of AI in fair lending report
The Consumer Financial Protection Bureau reiterated its skepticism of machine learning and predictive analytics in a fair lending report issued…
Read More » - Banking
Apple places deposits at banks catering to the underserved
Technology giant Apple has begun deploying $25 million of deposits at minority-owned banks, community development financial institutions and other mission-focused…
Read More » - Banking
Credit card fees in the crosshairs as Sen. Durbin revisits interchange
The ongoing legal debate about lack of competition around payment card pricing is reigniting, as merchants complain about the painful…
Read More » - Banking
Seacoast inks its fourth M&A deal of 2022
Seacoast Banking Corp. of Florida agreed to acquire Drummond Banking Co. in a $173 million deal that would bolster its…
Read More » - Banking
U.S. Bank ‘uncertain’ when deal for MUFG Union will get green light
U.S. Bancorp says that regulatory approval of its $8 billion deal for MUFG Union Bank may take longer than previously…
Read More » - Banking
Mastercard beefs up its defenses against first-party fraud
Mastercard is building more capabilities around fraud detection as part of a strategy to win more business from companies that…
Read More » - Banking
Warren pushes JPMorgan, BofA, Wells Fargo to kill overdraft fees
Massachusetts Democrat Elizabeth Warren has called Jamie Dimon the “star of the overdraft show” because of the billions of dollars…
Read More » - Banking
CFPB orders BofA to pay $10M for illegal garnishments
Bank of America has agreed to pay a $10 million fine to the Consumer Financial Protection Bureau for allegedly processing…
Read More » - Banking
Consumer Bankers Association names Lindsey Johnson its next leader
The Consumer Bankers Association has named Lindsey Johnson, a leader in the housing-finance industry, its next president and CEO. Johnson,…
Read More » - Banking
Merchants lobby for lower swipe fees ahead of Judiciary Committee hearing
Merchants claiming that inflation is exacerbating their ongoing woes as credit and debit card interchange fees continue to rise will…
Read More » - Banking
Banks, credit unions paying top dollar to hire lenders
Amid the disruption imposed by the pandemic and an ensuing merger-and-acquisition wave, veteran lenders have a wealth of career options.…
Read More » - Banking
Nova Credit tech turns bank account data into credit assessments
Since lending first began, banks have always used information from customers’ accounts to determine whether they were credit-worthy. But most…
Read More » - Banking
Banks and credit unions should double financial advisor ranks: study
The channel of wealth management that has seen some of the largest financial advisor recruiting moves in recent years needs…
Read More » - Banking
Quarles: U.S. doesn’t need CDBC to compete with China
Just because China is developing a central bank digital currency, doesn’t mean the U.S. needs one too, former Federal Reserve…
Read More » - Banking
Banco Santander sets strict guardrails for potential Mexico deal
Ana Botin, the chair of Banco Santander, called Mexico a “growth engine” for the bank but cautioned that the lender…
Read More » - Banking
Citi’s plans for its $1 billion tech budget in corporate banking
Citi is stepping up technology spending on its corporate banking side to $1 billion, 40% more than its 2020 expenditures. …
Read More » - Banking
Rising interest rates will be tough on small businesses
For the past few years, the availability of qualified workers has been the top business problem for small firms, trumping…
Read More » - Banking
China EV Sales Tumble As Covid Lockdowns Hit Production
Nio stock reported a big decline in April EV deliveries on Sunday after Nio (NIO) briefly halted production during the…
Read More » - Banking
Tonya Calix, Beach Bank | Next 2022
Senior Vice President, Human Resources and Diversity Being a human resources and diversity executive during the Great Resignation requires creativity,…
Read More » - Banking
Ashley Comstock, Vectra Bank Colorado | Next 2022
Chief Financial Officer After a stint at Deloitte in audit management, Ashley Comstock said that she “fell in love with…
Read More » - Banking
Sonia Fraher, Ally Financial | Next 2022
Senior Director, Product & Strategy Sonia Fraher started at Ally—then known as GMAC Bank, the financing division of General Motors—as…
Read More » - Banking
Becky Lansen, Synchrony Financial | Next 2022
Senior Vice President, General Manager, Venmo When Synchrony Financial launched a new Venmo credit card with PayPal in October 2020,…
Read More » - Banking
Cullen/Frost plans overdraft relief, but won’t drop the fees entirely
Cullen/Frost Bankers plans to give more customers a break on overdraft fees, but it doesn’t expect to abandon the controversial…
Read More » - Banking
Bankers cry foul over CFPB’s crack-down on “junk fees”
A proposal by the Consumer Financial Protection Bureau to crack down on so-called “junk fees” has raised the ire of…
Read More » - Banking
Deutsche Bank searched over anti-money-laundering report
Deutsche Bank’s offices in Frankfurt are being searched by law enforcement authorities over reports about potential money laundering that were…
Read More » - Banking
Goldman offers its first bitcoin-backed loan in crypto push
Goldman Sachs Group offered its first ever lending facility backed by bitcoin, in a significant step for a major U.S.…
Read More » - Banking
Capital One presses on with credit card marketing blitz
Capital One Financial spent more on marketing at the start of the year than analysts expected, with executives saying they’ve…
Read More »
