Consumer banking
Consumer banking
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Some of the U.K.'s biggest high street banks are bracing themselves for trouble.
October 28 -
High-net-worth clients with large policies borrow, on average, $500,000 to $800,000 to pay their premiums. Peapack-Gladstone predicts the product, which it launched this month, will be one of its top business lines within six years.
October 28 -
Truliant Federal Credit Union plans to build three more locations in the northwest corner of South Carolina by the end of next year. The $4 billion-asset credit union also recently opened a regional office in Greenville, South Carolina.
October 28 -
The San Antonio bank reported higher deposit costs, along with larger deposit volumes, during the third quarter.
October 27 -
Kristin Lemkau, CEO of J.P. Morgan Wealth Management, discussed the launch of the company's Personal Advisors hybrid advisory channel and the challenges of managing and recruiting talent at American Banker's Most Powerful Women in Banking conference.
October 27 -
The credit card issuer is still dealing with the effects of a technical glitch in July that affected customer payment rates. But card sales rose in the most recent quarter, and the company is bullish about its positioning in the buy now/pay later market.
October 27 -
Traditional banks are focusing on wealth management services in the next wave of digitization as retail banking returns weaken amid a proliferation of online consumer platforms.
October 27 -
The mobile service provider is offering many standard digital banking features alongside payments to Mexico. One expert is skeptical it will stand out.
October 27 -
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Republic Bancorp said it would pay $51 million in cash for CBank and its subsidiary Commercial Industrial Finance.
October 27 -
Strong commodity prices and jumps in energy production fuel the Oklahoma bank's upbeat outlook for continued loan demand, despite inflationary pressures and high interest rates.
October 26 -
Masons Financial will make it easier for lodges to collect dues and for members to pool money for charity.
October 26 -
New Consumer Financial Protection Bureau guidelines say overdraft fees "that a consumer would not reasonably anticipate" could be illegal. President Biden and CFPB Director Rohit Chopra promoted them at a press briefing Wednesday.
October 26 -
Banco Santander said rising costs linked to inflation could leave it short of its efficiency goal for the year while worsening credit quality trends in Brazil were also in focus, even as the lender's earnings beat analysts' expectations.
October 26 -
Barclays plans to hire more than 1,000 staff in the coming weeks to help consumers manage their finances through the looming downturn, according to its CEO.
October 26 -
New developments in the banking app space include apps for Gen Z bankers and the relaunch of Google Wallet.
October 25 -
Inflated home values were already making homeownership unattainable for millions of Americans; now it's interest rates. To change this dynamic, we need some creative thinking.
October 25 -
The rate of unbanked consumers declined to its lowest point since the Federal Deposit Insurance Corp. began its biennial survey in 2009.
October 25 -
Student loans haven't delivered their promise of a middle-class life for millions of Americans, and the U.S. system of financing higher education via individual borrowing is making inequalities in the country worse, according to a new study.
October 25 -
The all-stock acquisition of Limestone Bancorp in Louisville would give the buyer an additional $1.5 billion of assets and 20 branches in the Bluegrass State.
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