The company also launched a similarly priced version for businesses as part of an overhaul marking JPMorgan's latest volley in the ultra-competitive world of premium credit cards.
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The super-regional bank cited "a material slowdown" in investment banking and trading income as one reason for the lower revenue forecast. Interest rates are also a factor, executives said.
April 17 -
Companies are planning to spend more on technology and artificial intelligence in 2025 when compared to last year, and AI is a choice area for investments.
April 17 -
Anna Paulson, executive vice president and director of research at the Federal Reserve Bank of Chicago, will replace outgoing Philadelphia Fed President Patrick Harker.
April 17 -
In a post on his social media platform Thursday morning, the president criticized the Federal Reserve's reluctance to lower rates and said the chair's departure "could not come soon enough."
April 17 -
The top five banks and thrifts have combined deposits of more than $7.5 trillion in Q4 of 2024.
April 17 -
An internal Consumer Financial Protection Bureau memo says the agency will shift enforcement and supervisory work to the states and cease oversight of all nonbanks and Big Tech firms.
April 17 -
The U.S. government renewed funding for CVE at the last minute. Experts say it's time to future-proof the program against other potential lapses.
April 17
Kevin C. Gillen holds positions as both a senior research fellow with the Lindy Institute for Urban Innovation and an adjunct professor of finance at Drexel University. His research is concentrated on applied work in the analysis of real estate developments and operation of real estate markets, including their fiscal, economic and financial implications. He holds a doctorate in economics.
Wise bankers will recognize that as the Trump administration dismantles much of the supervisory structure built up over past decades, regulatory risks are being supplanted by other dangers.
The company also launched a similarly priced version for businesses as part of an overhaul marking JPMorgan's latest volley in the ultra-competitive world of premium credit cards.
Big banks with the strongest financial performance varied in asset size, geographies and services.
Each of the top-performing banks with more than $50 billion of assets used their own mix of revenue streams to drive performance.
Among banks with between $10 billion and $50 billion of assets, those that targeted narrow lending markets rose to the top.
As the Senate stands poised to pass a landmark bill establishing rules for stablecoin issuers, a provision allowing state-chartered uninsured banks to operate in states without prior approval is drawing concern from observers and opposition from state regulators.
As the chief people officer at Firstup, Sabra Sciolaro leads the organization's strategic initiatives to attract, develop and retain top talent, while fostering a culture of inclusivity, collaboration and innovation. She has a deep passion for people and a commitment to creating exceptional employee experiences. She believes people are at the heart of any organization's success and are dedicated to creating an environment where employees feel valued, empowered and inspired to perform at their best.
The company also launched a similarly priced version for businesses as part of an overhaul marking JPMorgan's latest volley in the ultra-competitive world of premium credit cards.
As the Senate stands poised to pass a landmark bill establishing rules for stablecoin issuers, a provision allowing state-chartered uninsured banks to operate in states without prior approval is drawing concern from observers and opposition from state regulators.
As the chief people officer at Firstup, Sabra Sciolaro leads the organization's strategic initiatives to attract, develop and retain top talent, while fostering a culture of inclusivity, collaboration and innovation. She has a deep passion for people and a commitment to creating exceptional employee experiences. She believes people are at the heart of any organization's success and are dedicated to creating an environment where employees feel valued, empowered and inspired to perform at their best.
Alan Childs pleaded guilty to using straw borrowers and falsified loan records to help a timber businessman secure millions in fraudulent loans.
Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
Pulaski Savings Bank's failure will cost the FDIC's Deposit Insurance Fund 57.6% of its total assets.
Most Influential Women in Payments honorees say the dramatic expansion in technology presents new opportunities and challenges as employers evolve away from traditional business models.
Honorees from American Banker's Most Influential Women in Payments discuss spotting tangible uses for innovation, rather than buying into hype.
Each year, American Banker recognizes the women who are advancing the payments industry in banking, retail, acquiring, processing and more.

- Richard Cordray, the first director of the Consumer Financial Protection Bureau, says the Trump administration seems intent on shutting the agency down, even though it has a legal mandate to exist.Sponsored by IntraFi
- Crypto-as-a-service, stablecoins and tokenized deposits all present opportunities for banks, according to Nathan McCauley, co-founder and CEO of Anchorage Digital.Sponsored by IntraFi
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The regional bank is offloading a $1.9 billion student loan portfolio in order to focus on its relationships with existing customers, said CEO Bruce Van Saun.
April 16 -
Nashville-based FB Financial announced the opening of a new office in Asheville, North Carolina, a week after striking a $381 million deal for an Alabama-based community bank.
April 16 -
One day after taking the helm as CEO, Gunjan Kedia was candid about the company's lagging stock price, telling analysts that she is "not happy" with it.
April 16 -
Chief Operating Officer Joseph Gormley's appointment fills out a thin executive team at the government corporation, which plays a key role in funding mortgages.
April 16 -
The Memphis-based bank said the pace and quantity of interest rate cuts will be a determining factor in its performance. In the first quarter, its deposit costs continued to fall, but those strides were offset by soft loan growth.
April 16