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Tag: Featured


Products, Retail banking

U.S. Bancorp Investments Launches Automated Investor

June 20, 2018

Via: Yahoo

Responding to customers’ desire for smart, easy-to-use and safe digital investment tools and strategies, U.S. Bancorp Investments announced today the launch of its new Automated Investor offering. “We are committed to serving customers where they are today and will be […]


Capital and risk, Operational

Realign Your Bank’s Operating Model Before It’s Too Late

June 19, 2018

Via: Bank Director

The banking industry and its underlying operating model is facing pressure from multiple angles. The advent of new technologies including blockchain and artificial intelligence have started and will continue to impact the business models of banks. Meanwhile, new market entrants […]


Activity, Investment banking

Goldman Will Pay Big Money for Cash — Yes, Even Your Measly Savings

June 19, 2018

Via: TheStreet

Goldman Sachs Group Inc. (GS) wants your cash. And you might actually want to give it to them. The Wall Street investment bank is trying to transform itself into a broader financial-services company like bigger rivals Bank of America Corp. […]


Regulations

Fed Approves Rule to Prevent Risk Concentration Between Large Banks

June 18, 2018

Via: ABF Journal

The Federal Reserve Board approved a rule to prevent concentrations of risk between large banking organizations and their counterparties from undermining financial stability. As demonstrated during the financial crisis, excessive exposure between the largest financial institutions spread contagion and eroded […]


Activity, Trading

What the stock market’s most crucial week of the year tells us about the road ahead

June 18, 2018

Via: Market Watch

Stock-market investors navigated, virtually unscathed, a gauntlet of central-bank gatherings, a historic summit between President Donald Trump and North Korean Kim Jong Un, and flaring trade tensions. The S&P 500 index SPX, -0.10% ended the week essentially flat, managing the […]


Regulations

Wells Fargo Names Three Senior Bankers to Leadership Team

June 13, 2018

Via: ABF Journal

Wells Fargo Business Banking added Doug Banzuly, Brett Beugen and Gary Dyshaw to the Midwest region’s leadership team. The three will report to Tim Billerbeck, head of Wells Fargo Business Banking for the Midwest region, and will be responsible for […]


Capital and risk, Operational

Citigroup could shed as much as half of its 20,000 tech and operations staff due to automation

June 12, 2018

Via: CNBC

Citigroup’s investment banking business could shed as much as half of its 20,000 technology and operations staff in the next five years due to automation, the Financial Times reported on Monday. Operational positions were the “most fertile for machine processing,” […]


Activity, Trading

U.S. stock futures slip as investors shift from Trump-Kim summit to central bank meetings

June 12, 2018

Via: Market Watch

U.S. stock futures saw muted action on Tuesday as investors shifted from a historic summit between North Korean leader Kim Jong Un and President Donald Trump in Singapore to the start of a series of important central-bank meetings kicking off […]


Business banking, Products

Wells Fargo under fire from USAA over remote deposit capture patent

June 11, 2018

Via: Banking Technology

The United Services Automobile Association (USAA) is suing on grounds of intellectual property charges for unspecified damages, over USAA’s remote deposit capture patents. San Antonio-based USAA claims to have invented such tech, and thus started demanding licensing fees from banks […]


Activity, Trading

Gold slips ahead of North Korea summit, expected Fed rate action

June 11, 2018

Via: Market Watch

Gold futures slipped Monday as a wait-and-see mood took over ahead of the much-touted meeting over North Korea’s nuclear power and two major central bank decisions on the docket this week. August gold GCQ8, -0.02% fell $3.70, or 0.3%, to […]