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This morning the bank owned P-to-P network, Zelle, is formally going live, enabling direct transfer of funds across thirty U.S. financial institutions over the course of the next twelve months. There are a lot of questions around whether it can compete with the current kings of P-to-P — Venmo and its parent company PayPal — but Zelle may not be aiming to take them head-on just yet.
June 12
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Post-crisis financial rules have made the business of project lending less profitable for commercial banks. Foreign competitors have stepped in to fill the void, but U.S. banks can carve out a niche as bond offering managers and financial advisers.
June 9
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The Illinois company agreed to pay $44 million to buy Guaranty Bank, the biggest institution based in Cedar Rapids, Iowa.
June 9 -
The HUD secretary said millennials are being shut out of the market but the purchase of a condominium unit is often the first step to homeownership.
June 9
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Mobile remote deposit capture is said to be just the first of many tech patents the company will seek to enforce. That could cost banks that use its technologies a lot of money.
June 9
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The moves could position Christopher Gorman and Don Kimble as potential successors to CEO Beth Mooney.
June 9
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The San Francisco company is combining its regional and area president positions into a single role called region bank president.
June 9
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Recognizing service, helping students and giving back to the communities CUs serve.
June 9
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Readers chime in on banks being problem-solvers, Jamie Dimon’s ties to Trump, a new mortgage app, CFPB catching heat over the Wells Fargo account scandal, and more.
June 9
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The following is a recap of the 2017 slate of honorees picked by the tech journalists at American Banker, led by Digital Banker of the Year Michelle Moore of Bank of America and including four finalists.
June 8
