Activity, Investment Banking, Retail Banking
March 2, 2021
Via: Banking DiveFor all the anticipation of leadership change at Citi — the bank announced in September that Jane Fraser would become the first woman to lead a U.S.-based bank of its size, and hints of her ascent were predicted as early […]
Capital and Risk, Credit, Retail Banking
February 23, 2021
Via: FinTech FuturesThe Greek bank is also offloading 80% of its loan services provider Cepal Holdings. It is expecting to reduce Alpha’s non-performing exposure, and non-performing loans, to 24% and 13% respectively. Known as Galaxy, the portfolio sale is the second-largest securitisation […]
February 11, 2021
Via: Bank DirectorDespite closed branches and masked interactions, the coronavirus pandemic may have actually improved customers’ relationships with their banks. They have digital channels to thank. That’s a shift from the mentality pervading the industry before the pandemic. Business lines like commercial […]
News, Regulations, Retail Banking
February 10, 2021
Via: FinTech FuturesThe San Antonio-based firm has also promoted from within. It’s moved former head of retail banking, Paul Vincent, to a new role as head of its banking unit. “USAA is adding a highly talented risk professional with two decades of […]
Capital and Risk, Credit, Retail Banking
February 4, 2021
Via: Banking DiveAmid the Small Business Administration’s rebooted Paycheck Protection Program (PPP), some lenders have turned to Customers Bank’s white-label service to handle PPP loan origination, funding and forgiveness in an attempt to avoid some of the delays and hassles that overwhelmed […]
February 3, 2021
Via: FinTech FuturesDue to close on 5 March, the app and website wind down – first reported by The Block – follows the bank’s gradual transition of Clarity Money’s “best” features to the Marcus app. The email sent to customers reads: “While […]
January 28, 2021
Via: Banking DiveLaunching a digital bank overseas represents a path to expansion for a bank that is limited in that regard domestically. Regulations prohibit JPMorgan from acquiring additional U.S. retail banks because it already holds more than 10% of the country’s deposits. […]
January 18, 2021
Via: FinTech FuturesCOVID-19 has become a catalyst for an acceleration amongst the everyday banking customer. ValuePenguin data shows 71% of US banking customers now regularly use online banking. What’s more, footfall in the branch has dipped, as customers stay away from personal […]
January 11, 2021
Via: Banking DiveGoldman Sachs and JPMorgan will suspend contributions to both political parties for six months. “The country is facing unprecedented health, economic and political crises,” Peter Scher, JPMorgan’s head of corporate responsibility, told CNBC. “The focus of business leaders, political leaders, […]
December 28, 2020
Via: CNBCJPMorgan Chase has agreed to purchase one of the biggest third-party credit-card loyalty operators in a bet that pleasure travel will rebound sharply after the coronavirus pandemic subsides, CNBC has learned. The bank agreed Monday to acquire the technology platforms, […]