Kevin Wack is American Banker's national editor, and is based in southern California. He was formerly the publication's consumer finance reporter and its Capitol Hill correspondent. Earlier, he worked on financial policy in Washington. He has also reported for the Associated Press and worked as the investigative reporter for the Portland Press Herald in Maine.
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Credit losses rose substantially at Discover Financial Services during the third quarter, but the Riverwoods, Ill.-based card issuer still managed to report bigger profits.
October 25 -
The online lender is entering the car-loan market at a time when some banks are scaling back and regulators are sounding the alarm about deteriorating underwriting standards.
October 25 -
Bizfi, a New York-based online small-business finance company, announced the hiring of John Donovan as its new chief executive officer.
October 24 -
Strong loan growth sparked higher third-quarter earnings at Synchrony Financial, the credit-card issuer that was spun off from General Electric.
October 21 -
Strong loan growth sparked higher third-quarter earnings at Synchrony Financial, the credit-card issuer that was spun off from General Electric.
October 21 -
Consumers voted with their feet in September, as the embattled bank said Friday that new checking accounts were down by 25% from year earlier.
October 14 -
Its reputation tarnished by revelations that employees opened roughly 2 million phony accounts in order to meet sales targets, Wells Fargo last month suffered a steep decline in new retail checking accounts and credit card applications.
October 14 -
Consumers voted with their feet in September, as the embattled bank said Friday that new checking accounts were down by 25% from a year earlier.
October 14 -
Two community banks have put forward plans for a speedier U.S. payment system. They're up against the industry's giants.
October 6 -
A new app aims to modernize the automobile financing process by allowing car shoppers to get credit approval on their phones.
October 5
