Laura Alix is a reporter at American Banker.
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Both in dollar and transaction volume, credit card use is growing at a faster pace than debit use. Much of the growth is coming from affluent consumers who value rewards like 2% cash back on purchases.
By Laura AlixDecember 22 -
Though Marlene Caride has no direct experience in the banking industry, she could play a key role in carrying out Governor-elect Phil Murphy’s pledge to create a public bank in the Garden State.
By Laura AlixDecember 21 -
Jones, who was CFO until last year, succeeds Robert Wilmers, who passed away unexpectedly last week.
By Laura AlixDecember 21 -
The deal for the San Diego company would be PNC's second nonbank acquisition in less than a month.
By Laura AlixDecember 20 -
Gabriel Hamani has been named chief executive of BHI USA, the U.S. banking arm of Bank Hapoalim.
By Laura AlixDecember 18 -
Bankers remember Bob Wilmers not only for spearheading the growth of M&T, but also embracing his role as the industry's voice in turbulent times.
By Andy PetersDecember 18 -
Maria Zuber, who oversees research administration and policy at MIT, has been appointed to the board's enterprise risk and corporate governance committees.
By Laura AlixDecember 14 -
In a year of political upheaval and weak commercial credit growth, lenders sought to capitalize on an economic bright spot — consumer spending — by reviving the personal loan, allying with fintechs and exiting traditional business lines that no longer made sense.
By Laura AlixDecember 13 -
John Turner, the head of the Birmingham, Ala., company's corporate banking group, takes over the president's title from Chairman and CEO Grayson Hall.
By Laura AlixDecember 13 -
House and Senate bills contain a provision that would let financial firms in all states use digital scans of photo IDs to verify identities of prospective customers. That could ease the account-opening process for consumers in areas where branches are few and far between.
By Laura AlixDecember 12