Consumer banking
Consumer banking
-
Matthew Prosseda, former president and CEO of First Keystone Community Bank, was hired by Kafafian Group to advise banks on strategic planning.
July 17 -
The appointment of David Solomon, who will take over for retiring CEO Lloyd Blankfein, has not altered the bank's aggressive plan to build a mobile phone-based bank for consumers in the U.S. and beyond.
July 17 -
It ties checking accounts and cards to gaming and other apps to provide automated savings.
July 17 -
The North Carolina city lost all its locally owned banks, but a fintech push and more favorable economics for de novos could lead to an entry-level resurgence.
July 17 -
Bank of America’s consumer loans grew a lot. But its rivals? Not so much. The mixed results raise questions about whether BofA’s performance is a leading or trailing indicator, and if credit quality is going to be more of a problem industrywide.
July 16 -
The New York bank, which is part of Leumi Group in Israel, is entering a new business line after spending years improving its infrastructure.
July 16 -
Limited acquisition opportunities remain in the state's hottest markets, which will force buyers to pay bigger premiums or pursue deals elsewhere.
July 16 -
P. Byron DeFoor, who already has majority stakes in two community banks, is planning to buy First Columbia Bancorp.
July 16 -
Despite some criticisms of the strategy, community banks should continue to pair up with fintech companies that can help them expand their digital offerings.
July 16 -
Rather than ban screen scraping, financial institutions should improve secure account connectivity so that consumers can share data with the apps they want to use.
July 16 -
Executives at the recent In|Vest conference discussed ways to make banks more competitive in the world of financial advice.
July 15 -
The Pittsburgh regional detailed plans to enter a number of new markets with its digital bank and carefully chosen branch openings.
July 13 -
People's United in Connecticut pored over all the customer data it could find to persuade customers to give the midsize bank — instead of advisory firms and investment houses — a shot at managing their money.
July 13 -
The digital advice startup had no one with knowledge of branch banking. A board member told them to call Mike Reed, JPM's former retail branch chief.
July 13 -
Bankers should resist the urge to skirt financial regulations, including know-your-customer and lending standards, to make a sale. The danger of penalties and a possible reputational hit is too great.
July 13 -
While the Small Business Investment Companies program has reported disappointing results since its 2015 peak, participating funds are getting more looks from curious bankers.
July 12 -
To teach its automated advice platform how to help advisers communicate with clients, the company has sought to develop a bank of knowledge about psychology and other expertise beyond traditional wealth management.
July 12 -
The New Jersey company will pay $76 million for a bank with a low loan-to-deposit ratio and an SBA lending platform.
July 12 -
The West Virginia company will pay a total of $118 million for Poage Bankshares and Farmers Deposit Bancorp.
July 12 -
John Best, author of "Breaking Digital Gridlock," explains the obstacles banks hit when they try to innovate and how to overcome them.
July 12






















