Consumer banking
Consumer banking
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As part of American Banker's Most Powerful Women in Banking and Finance program, we have selected five “Top Teams” for 2020. Howard Bancorp is one of the team honorees.
September 27 -
Russia's largest bank is reinventing itself as a technology company and selling its own consumer electronic devices. Its chief tech officer says the moves are all about developing broader, more enduring customer relationships that the bank controls fully.
September 25 -
The bank has agreed to pay $158 million for Standard AVB Financial, which has 17 branches in Pennsylvania.
September 25 -
The moves are intended to offset a protracted period of historically low interest rates and expectations of higher credit costs in 2021.
September 24 -
A nationwide branch network remains a calling card for the entire industry, while also exemplifying the movement's cooperative spirit.
September 24 -
A deal between Dime Community and Bridge Bancorp was delayed, and nearly derailed, by the coronavirus outbreak. Here’s how the two sides kept it on track.
September 24 -
The company's new agreement with Envestnet Yodlee to share customers' account data over secure pipes is its 17th pact with aggregators and other fintech firms.
September 24 -
The company, which expressed concerns about the validity of some of the loans it bought, renegotiated a lower price and protections from the seller involved in the deal.
September 24 -
New Enterprise Bank would focus on venture capital and private equity firms that are involved in investment between China and the San Francisco area.
September 24 -
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The company's software can now be used to handle personal loans, credit cards and specialty-vehicle loans.
September 24 -
The company has been experimenting with ways to recruit more women and minorities, including a program to hire professionals who had left banking. But CEO Charlie Scharf’s reference to “a very limited pool of Black talent” for important jobs may make it harder for Wells to meet inclusion goals.
September 23 -
The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.
September 23 -
The company also found a buyer for its portfolio of equipment finance loans as it tries to clean up credit and refocus on middle-market lending.
September 23 -
Partnering with the account-opening software firm Mantl, the New Jersey bank created a CD campaign that helped fund its Paycheck Protection Program lending.
September 22 -
The bank worked with TravelBank, a fintech, to offer virtual cards and an app that automatically generates expense reports.
September 22 -
The bank worked with TravelBank, a fintech, to offer virtual cards and an app that automatically generates expense reports.
September 22 -
The North Carolina bank deployed Finxact's new technology, which runs on Amazon Web Services, to make Paycheck Protection Program loans and will use it next to offer business savings accounts and CDs.
September 21 -
Lenders should be subjected to tough reviews of their readiness for economic threats posed by severe weather, required to disclose risks lurking in their portfolios and perhaps forced to set aside extra capital, a government study recently recommended.
September 20 -
The company will shutter a fifth of its locations, while reinvesting some of the savings in its digital banking platform.
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