PayThink is focused on the rapidly changing, inter-connected markets of debit, credit, mobile, prepaid and digital payments. As the payments industry strives for faster innovation to launch new products ahead of competitors, PayThink provides insight from market participants and innovators leading the way. PayThink is designed for executives looking to stay relevant in the ever-changing payments ecosystem by finding and honing their competitive edge.
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Regulators must not choke off lending at a time when banks are well positioned to help ease the blow of an economic downturn.
January 13
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Net interest income rose 29% in the fourth quarter on higher rates and loan growth, though the increase was smaller than forecast. Trading revenue soared 27%.
January 13
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Citigroup's fixed-income traders turned in a record-setting finale to 2022 as the bank, under pressure to improve returns, braced itself for a less certain economy.
January 13
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The bank spent $16.2 billion in the last three months of 2022, exceeding analyst estimates.
January 13
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By extending access to easy payments and delivery to more merchants, the e-commerce giant can gain ground in the "super app" race.
January 13
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When the latest quarter's figures get added to it next week, that cumulative loss at the Platform Solutions unit — which includes Goldman's consumer lending operations — will approach $4 billion over three years and $2 billion for 2022, people with knowledge of the matter said.
January 13
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The company said NII will be about $73 billion this year, below the $74.4 billion estimate of analysts. The forecast followed a record haul of $20.2 billion from net interest income in the fourth quarter.
January 13
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Online lenders say they are helping people who can't get loans elsewhere, at least without paying high overdraft, NSF or rollover fees at banks or payday lenders.
January 12
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A month after the National Community Reinvestment Coalition blasted KeyBank's mortgage lending record to Black borrowers, the group said it will send letters to the Federal Reserve and OCC about its findings.
January 12
