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Category: Corporate Banking


Activity, Corporate Banking

JPMorgan finds balance between aiming for the stars, down-to-earth giving

February 25, 2021

Via: Banking Dive

When JPMorgan Chase’s blockchain unit, Onyx, wanted to test payments capabilities between digital devices, it thought big. Like, universe big. “The idea was to explore [Internet-of-Things] payments in a fully decentralized way,” Onyx CEO Umar Farooq told Reuters. “Nowhere is […]


Activity, Corporate Banking

Wells Fargo sells its asset-management unit for $2.1B

February 23, 2021

Via: Banking Dive

Wells Fargo plans to sell its asset-management business to two private-equity firms — GTCR LLC and Reverence Capital Partners — for $2.1 billion, according to a statement Tuesday. The unit has $603 billion of assets under management and employs more […]


Activity, Corporate Banking

U.S. Bank Launches New Approach to Build Wealth and Create Access for Diverse Communities

February 17, 2021

Via: Yahoo

U.S. Bank announced today details of its U.S. Bank Access Commitment, a long-term approach bringing the strengths of U.S. Bancorp Community Development Corporation (USBCDC), corporate social responsibility and its business lines, to help build wealth while redefining how the bank […]


Activity, Corporate Banking, Regulations

US federal agencies probe Amex’s SME and consumer cards sales practices

February 16, 2021

Via: FinTech Futures

Amex received a grand jury subpoena from the United States Attorney’s Office for the Eastern District of New York related to its small business cards sales practices, according to Business Insider. The Consumer Financial Protection Bureau (CFPB) is also seeking […]


Activity, Corporate Banking

Wells Fargo pledges investments in 6 Black-owned banks

February 9, 2021

Via: Banking Dive

The six banks that received equity from Wells Fargo are Broadway Federal Bank in Los Angeles; Carver Federal Savings Bank in New York City; Citizens Savings Bank & Trust in Nashville, Tennessee; Commonwealth National Bank in Mobile, Alabama; M&F Bank […]


Activity, Capital and Risk, Corporate Banking, Credit

Credit unions top Fed survey of small-business lending satisfaction

February 5, 2021

Via: Banking Dive

The Fed’s annual survey, canvassing 15,000 businesses, gives another perspective on the effectiveness of pandemic-prompted relief programs. About 91% of respondents applied for emergency funding during the pandemic, the survey found. For 82%, that was the Paycheck Protection Program (PPP). […]


Activity, Corporate Banking, Regulations

2020 review: A year which saw fintechs cut jobs, pay & business arms

December 29, 2020

Via: FinTech Futures

Alternative lenders struggled through long accreditation processes and dried up reserves, before eventually taking on loans which carry the potential risk of high default rates. Neobanks could no longer rely on interchange fees as a main source of income, prompting […]


Activity, Capital and Risk, Corporate Banking, Credit

How Bank of America’s small-business strategy laid groundwork for PPP efforts

December 8, 2020

Via: Banking Dive

As lawmakers debate a new stimulus package, including the possibility of a new tranche of Paycheck Protection Program (PPP) funding, banks that delivered large volumes of PPP loans this year may find themselves better prepared for a third rollout. For […]


Activity, Corporate Banking, Investment Banking

Morgan Stanley, JPMorgan, Bank of America diverge on bonuses

December 7, 2020

Via: Banking Dive

More often than not, when one major bank takes a stance — on any issue from environmentally conscious investing, to hiring a diverse workforce, to pandemic-induced work policies — its competitors are generally swift to follow if the move is […]


Activity, Corporate Banking

Goldman Sachs bankers are using flying drones to help clinch billion-dollar M&A deals

November 25, 2020

Via: CNBC

Drones have arrived on Wall Street. Goldman Sachs, the world’s top mergers advisor, is among investment banks using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm’s […]