Consumer banking
Consumer banking
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Bank of America’s customers spent $1.9 trillion this year through Aug. 12, an increase of 5.9% from a year earlier — a sign that the economy, driven by the consumer, remains strong, Brian Moynihan said.
August 16 -
Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.
August 16 -
The company will pay $113 million for a commercial lender based in its backyard.
August 16 -
Credit unions have until midnight tonight to submit nominations for this free recognition program.
August 16 -
With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest margin pressures and lost servicing income.
August 15 -
Christopher Maher is kicking the tires on an "acquisition of size" that would propel the New Jersey bank across the $10 billion-asset mark.
August 15 -
LA Financial's planned merger into Ventura County Credit Union is expected to be completed in early 2020.
August 15 -
People’s United offered 30% more in the summer of 2018 for United Financial than it agreed to pay in a deal announced last month. What followed the initial talks is a textbook lesson in the impact of indecision and the unexpected in bank M&A.
August 14 -
The LendingClubs and SoFis of the world have a big head start, but HSBC's U.S. unit says its partnership with the fintech Avant will help it close the gap in online personal loans.
August 14 -
Black and Hispanic owners of one-person businesses are more likely to be discouraged from applying for financing, and they’re less likely to receive financing when they do apply for it, than their white counterparts, according to a new report from the New York Fed.
August 14 -
Indiana Members Credit Union will pay cash for Commerce Bank.
August 14 -
Regulatory sandboxes can create a lot of opportunity for the winners but inadvertently put losers at a competitive disadvantage.
August 14 -
The Iowa company will pay QCR Holdings about $59 million for Rockland Bank and Trust.
August 13 -
Changing consumer attitudes about these companies and the emergence of open banking have made them appealing to venture investors, whose commitments rose 15% in the first half of the year.
August 13 -
Keeping up with changing technology can be difficult but institutions are making investments in ITMs, new lending platforms and more.
August 13 -
Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.
August 13 -
The San Francisco-based fintech is using JPMorgan Chase’s real-time payments service to power the new overdraft prevention tool.
August 13 -
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The technology can help banks get the most out of the vast amounts of information at their disposal.
August 13 -
The Michigan company will pay $68 million to expand in a high-priority market.
August 13





















