ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email David Yin of Moody’s Ratings says that the net interest margins of Chinese banks will…
Read more Won’t be surprised if the Chinese government restructures several regional banks: Moody’s RatingsA Commerzbank AG bank branch, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Krisztian Bocsi | Bloomberg | Getty Images Commerzbank and UniCredit are…
Read more Commerzbank and UniCredit set to meet as takeover prospect loomsThree years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm is expanding, with the aim of reaching more…
Read more JPMorgan Chase is opening more small-town branches in middle AmericaShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Banco Santander CFO José García Cantera discusses the bank’s results, saying performance was “very positive”…
Read more Santander ‘building a strong momentum,’ the bank’s CFO saysEnjoy complimentary access to top ideas and insights — selected by our editors. The top five community banks in our ranking have combined first mortgage loans of more…
Read more 20 community banks with the largest first mortgage loan portfoliosThe OCC’s new Vital Signs initiative gives bankers an important tool to help them assess the financial health and stability of their customers, and to help them build…
Read more Banks should embrace new tools for measuring consumer financial healthAfter struggling for the last two years, credit card borrowers appear to be turning the corner. Late payments on credit cards aren’t rising much and are even declining…
Read more Credit card borrowers are starting to show greater strength, new data indicatesFour years ago, George Floyd was choked to death by a police officer after trying to use a possibly counterfeit $20 bill at a Minneapolis convenience store. Widespread…
Read more The racial wealth gap is getting wider. Can technology fix it?Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or at least, you know, dip below their minimum…
Read more Why hundreds of U.S. banks may be at risk of failureEnjoy complimentary access to top ideas and insights — selected by our editors. The top five banks and thrifts in the ranking have combined total assets of nearly…
Read more 20 banks and thrifts with the most assetsBank of America’s credit card losses hit their highest levels since before the pandemic in the first quarter, the company reported Tuesday.Angus Mordant/Bloomberg Though Bank of America’s profits…
Read more Bank of America hurt by rising losses in credit cards, office loansThe pandemic accelerated changes at big banks, where Chase and Wells Fargo already have branches that look more like lounges than banks. But it’s not just Wall Street-sized…
Read more It’s not just Jamie Dimon and Wall Street. Local bank branches have big AI ambitionsAlly Financial and Discover Financial Services are among the online banks that have recently lowered the rates they pay on high-yield savings accounts.Bloomberg The war for consumers’ cash…
Read more Even before Fed cuts rates, banks trim what they pay for depositsIf you have more than $250,000 in deposits at a bank, you may want to check that all of your money is insured by the federal government. The…
Read more Some of the rules that protect wealthy savers’ bank deposits just changed. Here’s what to knowSenator Tim Scott, R-S.C., who serves as ranking member of the Senate Banking Committee, introduced a Congressional Review Act resolution Monday that would undo the Consumer Financial Protection…
Read more Scott introduces measure to overturn CFPB late fee ruleRohit Chopra, director of the Consumer Financial Protection Bureau, said in Wednesday remarks that meeting antitrust standards shouldn’t be enough to accept a bank merger application.Ting Shen/Bloomberg WASHINGTON…
Read more CFPB’s Rohit Chopra warns of ‘creep of consolidation’ in bank M&ACapital One’s deal to purchase Discover has drawn opposition from the National Community Reinvestment Coalition, which has more than 700 member organizations.Angus Mordant/Bloomberg Capital One Financial says it’s…
Read more Capital One seeks community plan on Discover deal, even as some activists balkThe Justice Department has secured $122 million from a dozen banks and mortgage companies in redlining cases since Attorney General Merrick Garland announced the agency’s Combat Redlining Initiative…
Read more Racist emails becoming focal point in redlining settlementsBanks need to work on the transparency of their apps, especially when it comes to data sharing and user control of targeted advertising. This is one of the…
Read more Bank apps share too much data: Consumer ReportsEnjoy complimentary access to top ideas and insights — selected by our editors. JPMorgan Chase, the nation’s largest bank, said it would add more than 500 branches by…
Read more Why the torrid pace of branch closings has cooled
