Category: Business banking

Business banking, Capital and risk, Credit, Products, Regulations, Retail banking

Wells Fargo CEO Sloan Must Go, Senator Warren Tells Fed Chairman

October 18, 2018

Via: TheStreet banks

After successfully pushing in 2016 for the departure of the CEO of beleaguered U.S. bank Wells Fargo & Co. (WFC – Get Report), Democratic Senator Elizabeth Warren of Massachusetts is now gunning for another. In a press release Thursday, Warren […]

Business banking, Products

How Financial Institutions Can Put Risk Management Back in the Driver’s Seat

October 15, 2018

Via: Strategy Business

In the years leading up to the global financial crisis a decade ago, risk was viewed at many financial institutions in a very different way than it is today. The financial system was like a highway on which different vehicles […]

Business banking, Products

Deutsche Bank upgrades Walmart to buy, citing growing online grocery business

October 9, 2018


Walmart’s online grocery business will thrive and compete well against Amazon, according to Deutsche Bank. The firm raised its rating to buy from hold for Walmart shares, predicting the retailer will report sales above expectations in its third quarter. “We […]

Business banking, Products

Goldman Sachs leads $25m funding in blockchain paytech Veem

September 28, 2018

Via: Banking Technology

The round included new investors Extol Capital, and a “multi-billion dollar international investment fund” along with participation from existing investors GV (formerly Google Ventures), Kleiner Perkins, Silicon Valley Bank, Trend Forward Capital, and Pantera Capital. This funding adds to the […]

Business banking, Capital and risk, Credit, Products

US Bank Launches Digital Small Business Lending

September 25, 2018

Via: ABF Journal

U.S. Bank created a new, fully digital option for small businesses to apply for and receive a loan or line of credit. The digital process is part of a broader evolution of how the bank interacts with customers. Single-owner businesses […]

Business banking, Products

Novo business banking launches in US

September 10, 2018

Via: Banking Technology

The bank doesn’t have a licence but white labels its services. Its products can be connected with other financial accounts, and Novo steps in to provides recommendations based on a user’s financial picture. Novo’s deposit account services and card are […]

Business banking, Products, Regulations

Goldman Sachs hasn’t dropped crypto trading desk plans

September 7, 2018

Via: Banking Technology

According to sources that spoke with Business Insider, executives recently came to the conclusion that many steps still need to be taken, most of them outside the bank’s control, before a regulated bank would be allowed to trade cryptocurrencies. However, […]

Business banking, Products

The Big Future of Small Business Banking

August 28, 2018

Via: Bank Director

According to the U.S. Small Business Administration Office of Advocacy, there are currently 29.6 million micro and small businesses in the United States. Of those, 80 percent are one-person businesses, and 22 percent are made up of 10 employees or […]

Business banking, Products

JP Morgan to unveil new investing app with an eye-catching, disruptive price: Free

August 21, 2018


J.P. Morgan Chase is about to lob a grenade into the increasingly competitive world of retail investing. The bank is rolling out a digital investing service next week that comes bundled with free or discounted trades, a sophisticated portfolio-building tool […]

Business banking, Products

Chase Pay and Samsung Pay partner for retail action

July 30, 2018

Via: Banking Technology

Via the deal, Chase Pay customers are now able to link their accounts to Samsung Pay on Galaxy phones. This opens up Samsung Pay’s magnetic secure transmission (MST) technology, along with NFC, to pay with Chase Pay across US-based partner […]