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Net charge-offs fell at Citigroup and Wells Fargo, thanks to forbearance and federal stimulus. Leaders of those banks are warning that delinquencies could rise once the benefits of those programs wear off.
July 14 -
Megabanks like JPMorgan Chase boosted loan-loss provisions to record levels in the second quarter in preparation for what could be a wave of loan defaults.
July 14 -
Called the Dash Cart, Amazon’s new device uses a mix of cameras and sensors to identify items placed inside it — harnessing the power of its Amazon Go convenience stores in something much more portable.
July 14 -
Pedro Bryant will oversee a $3 million effort to fund small businesses in disadvantaged communities.
July 14 -
JPMorgan Chase is one financial institution that plans to test Google Cloud’s new Confidential Computing product.
July 14 -
Switching core banking systems has long been done face to face, but the pandemic has driven the process into the digital arena. The change could be permanent.
July 14 -
The event is the last major credit union conference for the year to be moved to a virtual format due to the coronavirus.
July 14 -
Consumers now have more control over their own financial decisions and loan options.
July 14Community Financial Services Association of America -
The Fed’s recent action capping dividend payments might prove inadequate once the coronavirus crisis really hits banks’ capital.
July 14Yale School of Management - Banking brands
Provident Bank was recast as BankProv to avoid confusion as it adds business lines and enters new markets.
July 14