Industry News
The bottom 50% of U.S. households, generally those with a net worth of $166,000 or less before the pandemic, are in the strongest relative financial position in a generation, according to the Realtime Inequality tracker.
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The New Jersey bank hired Ravi Vakacherla after People's United was acquired by M&T Bank this March. The role is one of a number of new executive roles overseeing digital innovation in the banking industry.
August 29 -
Auto loan growth eased substantially in the second quarter amid competitive pressures from credit unions and other lenders.
August 26
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The Canadian bank, which reported its quarterly earnings Thursday, recorded $22 million in charges related to its acquisition of First Horizon. Executives say they still expect the deal to close no later than January.
August 25 -
The Center for Responsible Lending, the Woodstock Institute and other left-leaning groups argue that the $13.4 billion merger will harm low-income communities, reduce small-business lending and add to systemic risk.
August 24 -
A data breach in 2022 costs companies $4.35 million on average, an all-time high according to IBM research.
August 24 -
Interest-free credit and fast approval make BNPL an attractive payment option for consumers, who are increasingly using short-term installment credit to manage their cash flow when paying for immediate, small-dollar purchases.
August 22 -
The North Carolina bank bought technology from Zaloni in an effort to boost data collection, metadata management, advanced analytics, artificial intelligence and machine learning.
August 22 -
With financial literacy apps, scholarships and college-team sponsorships, credit unions are fighting for market share among students.
August 19 -
Corporations are navigating shifting geopolitics, and M&A bankers are advising them as they consider selling off faraway units and focusing more on assets closer to home or in friendlier countries.
August 17
