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PNC chief Bill Demchak says he's pretty sure the U.S. isn’t heading into recession, but asset quality is so strong that the regional bank is giving itself a wide berth in forecasting its loan-loss provision in case of the unexpected.
January 16 -
The new chair of the House Financial Services Committee has an ambitious set of priorities, but newly elected progressives could set up a conflict with more moderate Democrats on the panel.
January 16 -
JPMorgan Chase Chief Executive Jamie Dimon said he thinks a hard Brexit is unlikely but would be a "disaster" if it happened.
January 16 -
The large core banking software vendors are already criticized as large and slow-moving. Consolidations like these are only likely to make them more so.
January 16
American Banker -
As the e-commerce payments ecosystem rapidly changes, banks have to find a way to be part of that landscape. This is especially valuable to banks whose customers shop online and could benefit from a loan.
January 16 -
The large core banking software vendors are already criticized as large and slow-moving. Consolidations like these are only likely to make them more so.
January 16
American Banker -
The numbers behind Fiserv's deal to acquire First Data are huge, particularly considering each company's existing tonnage still makes consolidation the best play when faced with nimble fintechs and mobile startups.
January 16 -
Kerry Parker, the Austin, Texas-based credit union's current CEO, expects to retire around midyear.
January 16 -
Bank of America CEO Brian Moynihan and his fellow executives said they see nothing to suggest a slowdown is imminent. Their outlook was far more upbeat than that of JPMorgan chief Jamie Dimon.
January 16 -
Credit unions in Idaho, Oregon and Washington gave a $603 million direct financial benefit to members, according to a new report, which also showed membership growth outpacing population growth in much of the region.
January 16










