Banking

Barclays plans to hire more than 1,000 staff in the coming weeks to help consumers manage their finances through the looming downturn, according to its CEO.

The green light from the central bank is the latest in a series of approvals of billion-dollar bank mergers. However, the Columbia-Umpqua deal is still waiting on a thumbs-up from the Federal Deposit Insurance Corp.

New developments in the banking app space include apps for Gen Z bankers and the relaunch of Google Wallet.

The Indiana company reported strong growth in profits and loan income, and it hopes its addition of more than two dozen wealth management and commercial banking specialists will help beef up what one analyst called "softer than expected" noninterest income.

Inflated home values were already making homeownership unattainable for millions of Americans; now it's interest rates. To change this dynamic, we need some creative thinking.

Steve Brewer, who has been with the credit union for roughly 20 years as its chief financial officer, will take the helm on Nov. 1.

The rate of unbanked consumers declined to its lowest point since the Federal Deposit Insurance Corp. began its biennial survey in 2009.

Student loans haven't delivered their promise of a middle-class life for millions of Americans, and the U.S. system of financing higher education via individual borrowing is making inequalities in the country worse, according to a new study.

The all-stock acquisition of Limestone Bancorp in Louisville would give the buyer an additional $1.5 billion of assets and 20 branches in the Bluegrass State.

Collins Community Credit Union in Cedar Rapids, Iowa, said Monday that it laid off 38 employees, primarily in its mortgage lending division. In September, GreenState Credit Union in North Liberty, Iowa, cut 42 employees, or about 5% of its workforce.

Loans at the Utah bank increased 6% in the third quarter. Executives said a darkening economic forecast could lower that figure.

CEO Rob Holmes says that much of the Dallas company's increased spending is now in the past. But meeting the bank's targets is "a complete show-me story," one analyst said.

Nickels, which works with the credit union service organization Reseda Group, is using its $4 million seed funding to give financial institutions more visibility into consumers' debts.

The bank is using Google Assistant technology to power its virtual assistant, Fargo, according to Michelle Moore, head of digital at Wells.

Former Bank of England Gov. Mark Carney has dismissed reports that Wall Street banks threatened to walk out of the climate-finance coalition he heads, but also said that "tension" within the group needed to be addressed.

JPMorgan Chase is set to add another 20 people to its Saudi Arabia operation by the end of the year as it looks to capitalize on one of the world's few bright spots for equity capital markets, despite simmering political tensions between U.S. President Biden and Saudi Crown Prince Mohammed Bin Salman.

Attorneys general from 19 states issued subpoenas to six large banks seeking information about their climate policies. They say they're seeking to hold banks accountable for the fairness of their ESG policies to fossil-fuel companies, but others call it intimidation.