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Market Intelligence:
AI
Payments
Research
  • Innovation
    PNC scores a win in battle with USAA over mobile check deposit patents

    The Patent Trial and Appeal Board has invalidated three patents owned by USAA, and some think this could be a turning point in ongoing patent litigation, in which USAA has already won more than $500 million from Wells Fargo and PNC.

    Penny Crosman Cropped
    By Penny Crosman
    Executive Editor, Technology at Arizent
    February 3
    trademark-122320-crypto.jpeg
  • Consumer banking
    Sallie Mae overhauls its credit analytics after charge-offs jump

    After soured loans rose above the private student lender's expectations in 2022, its stock price fell 16% on Thursday. One analyst wrote that "persistent credit issues have damaged management's credibility."

    By Polo Rocha
    Staff Writer
    February 3
    Sallie Mae
  • Credit unions
    Banks, credit unions battle it out in upstate South Carolina

    Greenville, in particular, is attracting financial institutions enticed by its growing population and healthy business climate.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    February 3
  • Wells Fargo investigation
    Chapter 4: "Post-LA"

    An article in the Los Angeles Times provides an opportunity for bank executives to address the underlying problems. Instead comes a focus on damage control.

    By Kevin Wack
    Banking Editor
    February 3
    Alarm bells, arrogance and the crisis at Wells Fargo - Los Angeles Times building
  • Commercial banking
    Activists push banks in proxy votes for stronger climate pledges

    Proposals submitted to several of the largest U.S. banks seek stronger commitments on reducing financing for the fossil-fuel industry and 2030 greenhouse gas emission targets.

    Jordan Stutts Author Image
    By Jordan Stutts
    Reporter
    February 2
    Coal-fired power station cooling towers
  • Commercial banking
    Comerica bolsters its capital markets business by adding M&A arm

    The Dallas-based company is rolling out a national investment banking unit as it seeks to serve clients through the entire business life cycle. It has also promoted three top-level executives into new roles.

    By Allissa Kline
    Reporter
    February 2
    Sign outside Comerica Bank headquarters in Dallas.
  • Payments
    JPMorgan payment execs share plans for Europe, Middle East and Africa

    The people leading the bank's strategy for EMEA are placing greater emphasis on real-time processing, digital assets, and emerging contactless technology.

    By John Adams
    Executive Editor, Payments
    February 2
    JPM21bl
  • Wells Fargo investigation
    Chapter 3: Heads in the sand

    The bank establishes a committee with the express purpose of addressing employee misconduct. But as the problem of unauthorized customer accounts grows, it stops meeting.

    By Kevin Wack
    Banking Editor
    February 2
    Alarm bells, arrogance and the crisis at Wells Fargo - 420 Montgomery - Crop
  • Consumer banking
    Credit card stocks fall after CFPB's $8 late fee proposal

    A plan released Wednesday by the Consumer Financial Protection Bureau was more aggressive than anticipated, leading to share price declines at Synchrony Financial, Capital One and Bread Financial. "This skews toward the worst-case scenario," one analyst wrote.

    By Polo Rocha
    Staff Writer
    February 1
    Synchrony - Capital One - Bread Financial
  • Consumer banking
    Small-dollar consumer loans gain steam at large banks

    In a reversal from five years ago, six of the eight biggest U.S. banks by branch count now offer the loans, which observers see as safer alternatives to payday loans.

    By Allissa Kline
    Reporter
    February 1
    Regions - Truist - Wells Fargo
  • BankThink Banks need to pick up the innovation torch as fintechs fade

    The current interest rate environment advantages banks over their fintech competitors. That can't be allowed to stifle invention.

    February 1
    Peter Lord
    Peter Lord
    Codat
  • Wells Fargo investigation
    Chapter 2: "Rainbows and butterflies"

    The scandal's roots stretch back more than a decade. In a corporate environment that doesn't welcome bad news, problems fester.

    By Kevin Wack
    Banking Editor
    February 1
    Alarm bells, arrogance and the crisis at Wells Fargo - branch photo
  • Consumer banking
    New York Community quickly downsizes its newly bought mortgage unit

    The Long Island company is closing 69% of the retail home lending offices previously operated by Flagstar Bancorp. New York Community recently acquired Flagstar for $2.6 billion.

    By Allissa Kline
    Reporter
    January 31
    New York Community Bank - Flagstar Bank
  • Payments
    Swift aims to be a bridge for digital currencies

    The international messaging system is participating in projects that test or develop central bank digital currencies, with a goal of making them interoperable.

    By John Adams
    Executive Editor, Payments
    January 31
    Zschach-Tom-SWIFT
  • Cryptocurrency
    'We're leveling up': Anchorage Digital Bank restructures

    One of the few crypto companies to receive a banking charter from the Office of the Comptroller of the Currency, Anchorage is putting more people and resources into compliance.

    Penny Crosman Cropped
    By Penny Crosman
    Executive Editor, Technology at Arizent
    January 31
    Georgia Quinn and Rachel Anderika, Anchorage Digital
  • Corporate governance
    How bank executives can avoid scandals

    Corporate-governance and ethics experts offer tips to avoid management wrongdoing at all levels of a bank.

    Chana-Schoenberger-headshot-crop.png
    By Chana Schoenberger
    Editor-in-Chief
    January 31
    How Bank Execs Avoid Scandals
  • Wells Fargo investigation
    Chapter 1: A turbulent departure

    As the phony-accounts scandal is brewing in 2014, the executive who functions as the top cop inside Wells Fargo gets shown the door.

    By Kevin Wack
    Banking Editor
    January 31
    Alarm Bells, Arrogance and the Crisis at Wells Fargo - Chapter 1 hero image
  • Wells Fargo investigation
    Editor's Note: Why the Wells Fargo fake-accounts scandal matters to all bankers

    The giant bank's woes, and punishment, began years ago — and still linger today. Revisiting the saga's origins now yields several important lessons.

    Chana-Schoenberger-headshot-crop.png
    By Chana Schoenberger
    Editor-in-Chief
    January 31
    Wells Fargo Reports Record Profit As Credit Improves
  • Regulation and compliance
    Banks say CFPB's data access rule ratchets up liability risks

    The Consumer Financial Protection Bureau's data-access rule could create an uneven playing field because banks and credit unions are examined by regulators but hundreds of nonbank fintechs are not.

    berry-kate126x126.jpg
    By Kate Berry
    Reporter
    January 30
    Rohit Chopra
  • Community banking
    Bankers see pockets of strength amid recession indicators

    Indexes show heightened expectations for a recession and souring loans. But executives are upbeat about middle-market businesses and overall job growth.

    By Jim Dobbs
    Deputy Editor, Community Banks
    January 30
    Open business sign
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