Calls with analysts to discuss the fourth-quarter results were dominated by questions about energy exposure, efficiency and the growing worry about when the next credit cycle may begin. Still, some banks managed to get in a few thoughts about how technology is reshaping their businesses.
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Monzo raises a $430 million investment to accelerate its expansion in the U.S.; Stripe adds support for Tap to Pay on iPhone; and more in this week's global payments news roundup.
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Wells Fargo unveiled a new credit card and is bolstering how it rewards customers for their spending, crucial steps in Chief Executive Officer Charlie Scharf's mission to make the fourth-largest U.S. bank a bigger player in a space long dominated by rivals.
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Brazil's Pix network, at just three years old, now accounts for 15% of all global real-time payments — and its success is inspiring projects in other countries.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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Workers would be limited in tapping 401(k) retirement plans for loans under legislation two senators plan to introduce that is designed to counter the erosion of retirement assets.
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Mass affluent investors, those with $100,000 to $1 million of investable assets, are pessimistic about investing, a survey of 596 individual investors and 610 financial advisers by MFS Investment Management found.
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In a presentation Thursday, co-COO Gordon Smith expanded on Jamie Dimon's recent comments about frustrations in the mortgage market, was upbeat about branch profitability and discussed some of the bank's Chase Pay challenges.
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Many banks have already scaled back home lending or even left the business. With profit margins shrinking, inventories of homes at crisis levels and competition from nonbanks intensifying, that’s unlikely to change.
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Readers weigh in on the role of the Financial Accounting Standards Board, consider personnel changes at the Consumer Financial Protection Bureau, debate the viability of public banks and more.
The credit card company is seeing fewer customers fall behind on their payments. But with lower-income consumers still being pinched by inflation, Synchrony isn't loosening its lending standards.
In 2023, the Consumer Financial Protection Bureau cited Citibank for discriminating against Armenian Americans. The recent turmoil at the agency raises questions about whether the bureau will be able to carry out similar actions in the future.
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Republicans and Democrats have made constructive inroads toward drafting a stablecoin bill this Congress. The next Congress needs to build on that progress — and think bigger.
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Inconsistent rules for calculating bank capital threaten to cut off small banks from a key source of liquidity.
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Bank regulators are considering a measure that would rewrite the rules implementing the Community Reinvestment Act. They should consider taking their existing rules seriously.
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In an environment of persistent economic unease, banks have a unique opportunity to help small businesses, Sekou Kaalund, U.S. Bank's head of branch and small business banking, said at American Banker's 2025 Small Business Banking conference.
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A national bank charter will help UBS Bank USA to expand offerings for wealth management clients, according a company memo.
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The New York-based bank, which works with many Democratic campaigns, faces investor concerns that it might be targeted by the Trump administration. CEO Priscilla Sims Brown says the bank's "strong profitability" is its best shield from political threats.
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The Ohio bank is working with Alloy Partners to build startups in fintech, payments and wealth management even as it acquires multiple banks this year.
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Huntington's $7.4 billion acquisition of Cadence would give the Ohio-based bank a top-five market share in both Dallas and Houston. It comes just a week after Huntington closed its last Texas acquisition.
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In an expanded partnership announced Monday, the card network and payment fintech will enable hundreds of millions of consumers and tens of millions of merchants to use new forms of artificial intelligence for shopping and payments.
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Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
The 23rd annual ranking of women leaders in the banking industry.
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Partner Insights from Neustar - Partner Insights from Early Warning
- Partner Insights from Early Warning
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Partner Insights from Early Warning
