Consumer banking
Consumer banking
-
On Dec. 31, 2021. Dollars in thousands.
May 9 -
The Minneapolis company announced $100 billion in investments, including substantial spending in California, over the next five years. The agreement with groups that previously withheld their support removes a major hurdle in winning regulatory approval for the $8 billion deal.
May 9 -
-
-
-
The company is focusing on the future of online retail banking. Next on its agenda: real people in its wealth management division.
May 6 -
A U.S. District Court ordered the Philadelphia-based bank, headed by Vernon Hill, to respond by Monday to Driver Management’s claim that its board improperly postponed a May 10 shareholder meeting.
May 6 -
Properly designed public banks would be safer than private banks while promoting economic growth.
May 6 -
Peter Thiel’s Valar Ventures Management is leading a $185 million funding round for Canada’s Neo Financial Technologies, propelling it to a valuation of more than $1 billion as it plans expansion into mortgages.
May 5 -
The Florida bank said it would pay $173 million to buy Drummond Banking, which operates 18 branches in the northern part of the state.
May 5 -
Lenders argue that they're taking steps to eliminate or rein in the consumer fees, but several Democratic senators say reform legislation could be a necessary step in the near future.
May 4 -
Klarna will begin reporting the use of buy now/pay later products to U.K. credit reference agencies, which could see the increasingly popular mode of financing impact users' credit ratings.
May 4 -
Massachusetts Democrat Elizabeth Warren has called Jamie Dimon the "star of the overdraft show" because of the billions of dollars JPMorgan Chase has made from those banking fees. Now she’s telling Dimon and two of his fellow Wall Street chief executives to stop the show.
May 4 -
United Community, which bought Reliant Bancorp in Tennessee earlier this year, would deepen its presence in several Southeastern markets and expand its wealth management business with its deal for Progress Financial.
May 4 -
Affirm Holdings, the buy now/pay later startup led by former PayPal Holdings co-founder Max Levchin, will be offering its services to Fiserv’s merchant clients as part of an agreement announced Wednesday.
May 4 -
Long Game, which Truist acquired for an undisclosed sum, allows consumers to set savings goals and earn extra cash by playing casino-style lottery games.
May 3 -
Johnson, who currently heads a housing-finance industry group, will take over this summer from longtime president and CEO Richard Hunt.
May 3 -
During the pandemic, consumer lenders have found it easier to collect payments because the federal student loan moratorium has made many borrowers more liquid. A plan for blanket forgiveness reportedly under consideration by President Biden could sustain that trend.
May 3 -
Even "lifers" are considering new jobs as financial institutions bulk up to expand into new markets.
May 3 -
Investors had grown increasingly concerned that Russia’s invasion of Ukraine — and the ensuing financial sanctions thrust upon many of Russia’s largest banks — would thwart Citigroup’s efforts to exit its operations in the country, a push the New York-based lender first announced last year.
May 2















