Category: News

December 6, 2023

As the first generation to be pure digital natives, Gen Z have huge parts of their life influenced and shaped by the data that they themselves create – on social media, through their app use on their smartphones and through […]

November 29, 2023

JPMorgan Chase now expects its U.K. consumer operation to break even in 12 to 18 months, the bank’s president, Daniel Pinto, told observers at a conference Tuesday, according to Reuters. That’s at least two years ahead of a previously referenced […]

November 22, 2023

The events of 2023, both within the banking industry and beyond, are chilling traditional growth opportunities and providing new challenges for banks. We are seeing adverse trends in the areas of asset quality, litigation, liquidity, third-party relationships and compliance that […]

November 17, 2023

I’ve previously covered the evolution of banking technology and why almost every bank has multiple cores. So, analogies of “changing a plane’s engine whilst in flight” or “heart surgery with the patient watching” don’t really get across the full complexity […]

November 13, 2023

Bank leaders’ enthusiasm for M&A appears muted going into 2024, but an appetite for sticky, low cost deposits could motivate some financial institutions to make a deal in the year ahead. Bank Director’s 2024 Bank M&A Survey, sponsored by Crowe […]

November 10, 2023

The Military Times named U.S. Bank number No. 3 on its annual Best for Vets: Employers list, which rates the best employers for veterans in the United States. U.S. Bank has appeared on the list each year since the Military […]

November 9, 2023

The programme serves purchasers and owners of General Motors vehicles, enabling them to earn rewards on their spending through the GM credit card. Goldman Sachs beat out a small number of bidders, including Barclays, in October 2020 to purchase the […]

November 6, 2023

Citi is considering trimming its headcount in several major units by at least 10% as the firm embarks on a corporate overhaul it announced in September, according to CNBC, which cited sources familiar with the matter. The New York City-based […]

November 3, 2023

The news follows the recent arrival of Alex Chriss as PayPal’s new president and CEO on 27 September 2023. Deskus, who brings more than two decades of technology experience to the role, joined PayPal in March 2022 as executive vice […]

November 1, 2023

Claudio de Sanctis, the bank’s head of private banking, confirmed that the number of Postbank branches would be whittled down to approximately 300 during an interview with the Financial Times this week. Of the 300 remaining locations, 100 are expected […]

October 31, 2023

A filing made with the Stock Exchange of Thailand this week by K-Bank president Pipit Aneaknithi shows that the acquisition has been made through Unita Capital, the bank’s fully owned subsidiary and investment arm for digital asset companies. Satang Corporation […]

October 25, 2023

Visa, the largest U.S. card network, regularly faces challenges to its business in the regulatory realm. Therefore, it’s a rarity to hear the company’s CEO complimenting a CFPB action. In this case, he was commenting on open banking, a trend […]

October 17, 2023

Taichung Commercial Bank in Taipei, Taiwan, has called off the deal to buy American Continental Bank in California a little over a year after announcing the nearly $82.1 million deal, the companies said Friday. In a filing with the Taiwan […]

October 16, 2023

Citi cut another 2,000 jobs in the third quarter, CFO Mark Mason told analysts Friday during a third-quarter earnings call, according to Bloomberg. That means the bank has trimmed roughly 7,000 roles so far this year — and the figure […]

October 16, 2023

Almost all start-ups claim that ESG is one of their core values, but how many of them can accurately say what their regulatory requirements are in relation to ESG? Most of the pronouncements you see seem more like a communications […]

October 13, 2023

Joining Sixth Street as part of the consortium are funds and accounts managed by the New York-headquartered investment firm KKR, investment management firm Bayview Asset Management and credit and payments company CardWorks. Investment advisor Pimco also supported the transaction through […]

October 10, 2023

This year there are 38 categories to choose from, including the Project Awards for banks and financial institutions, the Excellence in Tech Awards for software and services providers and the Leadership Awards for individuals and teams. The awards are a […]

October 9, 2023

ChatGPT’s tsunami-like landfall in November 2022 made clear that generative artificial intelligence (AI) marked a profound advancement with broad applicability. Yet just as AI’s newest incarnation represents a major opportunity for businesses of all stripes, it’s also a potentially significant […]

October 9, 2023

However, I feel it’s worth exploring whether the concept of digital transformation is redundant in the fast-paced and ever-evolving landscapes that we currently operate in. Below are some of the reasons why some could argue that digital transformation is an […]

October 5, 2023

Walsh will be tasked with executing the digital bank’s stateside strategy, product development and growth, marking the bank’s latest attempt to live out its American dream. The bank has spent the last few years laying the groundwork for this move […]