Category: Operational

Activity, Capital and Risk, Investment Banking, Operational

U.S. Bank Invests $8.2 Million in Community Possible Grants Focused on Workforce Readiness, Small Business and Financial Wellness

September 26, 2019

Via: Yahoo

Through its Community Possible giving and engagement platform, focused on the areas of Work, Home and Play, U.S. Bank announces $8.2 million in Work grant investments. Funding supports several nonprofits across the country focused on workforce readiness, small business growth […]

Capital and Risk, Operational, Products, Retail Banking

Credit Suisse to reduce reliance on branch network, invest millions in digital

August 27, 2019

Via: Finextra

Following a trend seen throughout Europe and North America, Credit Suisse is making significant changes at its Swiss Universal Bank (SUB) to tackle a new environment shaped by growing pressure on margins, digitisation, new rivals and evolving, tech-focused customer needs. […]

Capital and Risk, Operational

China’s central bank says it’s close to releasing its own digital currency

August 12, 2019


China’s central bank is nearly ready to issue its own sovereign digital currency, according to a senior official. Mu Changchun, deputy director of the People’s Bank of China’s payments department, said the institution’s virtual currency was “almost ready” for release, […]

Capital and Risk, Operational

JPMorgan Chase invests in FreshBooks

August 8, 2019

Via: Finextra

Since 2004, FreshBooks has helped more than 20 million people and established itself as one of the world’s most popular accounting software platforms for small businesses and self-employed professionals. The company differentiates itself by building ridiculously easy-to-use accounting software with […]

Capital and Risk, Operational

China’s exit from US agriculture is a devastating blow to an already struggling sector

August 6, 2019

Via: CNBC Finance

Agriculture has been a weapon of choice in the escalating trade war between the world’s two largest economies. With China officially pulling out of buying U.S. agricultural products, American farmers are losing one of their biggest customers. It could be […]

Capital and Risk, Operational

Are You Falling for Banking Industry Myths?

August 5, 2019

Via: Finextra headlines

The banking industry is changing by the day. What once were definitive “table stakes” for the essential software needed to run a full-service bank are now blurring due to rapidly evolving market dynamics. In this environment it can become difficult […]

Capital and Risk, Operational

U.S. Bank Invests $1 Million with the National Museum of African American History and Culture

July 16, 2019

Via: Yahoo

U.S. Bank announces a $1 million investment with the Smithsonian’s National Museum of African American History and Culture (NMAAHC) in Washington, D.C. With this five-year investment, U.S. Bank will join the prestigious Corporate Leadership Council, a community of engaged corporate […]

Capital and Risk, Operational

This bank is eliminating all fees from its checking and savings accounts — why you should tread cautiously

June 19, 2019

Via: Market Watch

Discover DFS, -0.28% is eliminating fees for its deposit accounts — including checking, savings, money market or certificate of deposit accounts. But consumers looking to avoid fees should think twice before signing up, experts say. Consumers with a Discover Bank […]

Capital and Risk, Operational

JP Morgan picks Bora to automate SUA B2B payments

May 8, 2019

Via: Banking Technology

With Bora’s Payer Direct Hub (PDH) on board, JP Morgan’s clients will be able to encourage suppliers to adopt virtual card payments. The platform aims to streamline the accounts receivable process, cut costs and improve cash flow with straight-through transaction […]

Capital and Risk, Operational

StockTwits to launch commission-free stock trading platform to rival Robinhood, others

April 18, 2019

Via: Market Watch

StockTwits — a social-media platform founded in 2008 as a venue for day traders to exchange ideas and musings — is launching a free online brokerage unit, aimed at appealing to its current roster of approximately two million members, as […]