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How can the requirements of T+1 help your organization implement a more efficient trade settlement life cycle and make the necessary upgrades for success?
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The bank’s Business Essentials platform offers digital accounting management to smaller commercial clients. It comes at a time when banks are hunting for sources of fee income.
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The New York megabank has a long way to go on its path toward simplification of its business, but some early investments — such as technology upgrades in the treasury unit, which serves commercial customers — are starting to pay small dividends.
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Like other mortgage lenders, the San Francisco megabank has been cutting staff since refinancing volumes started to fall. Additional layoffs are expected over the next couple of quarters, according to the bank’s chief financial officer.
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Expanding its support into digital assets will let users see a more complete financial picture in personal finance apps that use Plaid for data aggregation.
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Some scrutinize quarterly reports for details that can help better compete against banks. Others are motivated by schadenfreude.
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The Pittsburgh company expects a slowdown in 2023, but executives say they don't think it will prove severe or have an outsized impact on the banking industry.
