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Tag: North America


Activity, Corporate Banking

Wells Fargo plans to cut 26,500 jobs

September 25, 2018

Via: Banking Technology

CNN Money reports that CEO Tim Sloan said on Thursday that the bank plans to cut 5% to 10% of its 265,000-person workforce, reflecting both layoffs and attrition. The chief cited “changing customer preferences,” including the wide adoption of digital […]


Activity, Corporate Banking

JP Morgan hires ex-Google exec for AI ambitions

August 30, 2018

Via: Banking Technology

CNBC says it exclusively obtained a memo which reveals the news. To its credit, CNBC got in first and explains the bank recruited Apoorv Saxena, Google’s head of product management for cloud-based (AI). He worked at Google for six years. […]


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German minister calls for independent EU Swift payments network

August 22, 2018

Via: Banking Technology

Germany’s foreign minister Heiko Maas is calling for the creation of a new payments system independent of the US to keep the Iran nuclear deal afloat. “It’s essential that we strengthen European autonomy by establishing payment channels that are independent […]


Uncategorized

PayPal and Google Pay deepen payments relationship

May 25, 2018

Via: Banking Technology

Bill Ready, COO and EVP, PayPal, says it already partners with Google for its shared users to pay via PayPal in-store, online and in-app with Google Pay and on Chrome mobile web. They are now extending that partnership to offer […]


Retail Banking

Apple and Goldman Sachs to unveil new credit card

May 11, 2018

Via: Banking Technology

The WSJ cited people with knowledge of the process, and says the move comes as Goldman continues to make a push into consumer banking activities such as deposit-taking and personal loans. In a major blow to Barclays, the WSJ says […]


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Wirecard moves into North America with Citi Prepaid Card Services acquisition

July 5, 2016

Via: Banking Technology

Wirecard has reached a definitive agreement to acquire Citi Prepaid Card Services – giving it an expansion into North America. The firm says Citi Prepaid card services have launched over 2,500 client programmes, associated with global companies and brands, but […]