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Traditional banks are focusing on wealth management services in the next wave of digitization as retail banking returns weaken amid a proliferation of online consumer platforms.
October 27
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The mobile service provider is offering many standard digital banking features alongside payments to Mexico. One expert is skeptical it will stand out.
October 27
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Credit Suisse Group reported its fourth straight loss as its investment bank continued to struggle, wealthy clients fled and the lender booked a charge related to a critical overhaul that's been in the making for months.
October 27
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Republic Bancorp said it would pay $51 million in cash for CBank and its subsidiary Commercial Industrial Finance.
October 27
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As with other card companies, the impact of higher prices and a potential recession is not yet showing up in performance, though it is pushing product diversification to reduce reliance on transaction volume — a strategy that helped during the early days of COVID.
October 27
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Credit Suisse Group said that Michael Klein is expected to become chief executive of the spun-out First Boston unit, as a result of the radical restructuring of the Swiss lender's investment bank.
October 27
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Bank of Montreal agreed to buy carbon credits from CarbonCure Technologie, a company backed by investors including Amazon.com.
October 27
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JPMorgan Chase is building out teams that handle card transactions and other payments for businesses by recruiting staff across key Asian markets amid the boom in digital commerce.
October 27
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Credit Suisse Group said one or more of its units breached liquidity requirements this month when depositors pulled their money amid speculation about the lender's turnaround plan.
October 27
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Hong Kong's big financial summit planned for next week to promote the city's reopening lost a key attendee as Citigroup Chief Executive Officer Jane Fraser was diagnosed with COVID.
October 27
