Banking

Banking
First Republic Cutting Up to 25% of Workforce After ‘Unprecedented’ Deposit Outflows
April 24, 2023

First Republic Bank expects to reduce its workforce by as much as 25% in the second quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Banking
Apple’s Entrance Into Savings Accounts May Cost Neobanks and Traditional FIs 
April 24, 2023

Banks may feel pressure to match Apple’s offering of higher savings rates with a Goldman Sachs savings account than most institutions as the tech giant makes inroads into banking.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
First Citizens to Woo Startups and Rebuild SVB Business Model
April 23, 2023

Silicon Valley Bank’s new owner faces two challenges: improving business while restoring the bank’s reputation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Banking
Bank of America CEO Says Deposit Insurance ‘Worked Pretty Well’
April 20, 2023

The deposit insurance system “worked pretty well,” said Bank of America CEO Brian Moynihan. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Banking
Several Regional Banks Maintaining Stable Deposits
April 20, 2023

Several regional banks ended the first quarter with stable deposits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Banking
Chime, Nubank and Revolut Tie for No. 1 in Digital Banking Apps Provider Ranking
April 20, 2023

People can’t seem to decide which digital banking experience they like best, which would explain the tangle of tied scores and new or returning names to PYMNTS’ Provider Ranking of Digital Banking Apps. Get the Full Story Complete the form to unlock this article and enjoy...

Banking
Europe’s Neobank Struggles Offer Fertile Ground for Traditional FIs to Gain Share
April 19, 2023

The neobanks promised to shake up the world. Especially in Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Banking
Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
April 19, 2023

After years of advocacy, open banking is now live in Nigeria, the first country in sub-Saharan Africa to adopt the regulation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
Big Banks’ Consumer Loan Write-Offs Jump 73% in Q1
April 18, 2023

America’s biggest banks are downplaying a massive spike in write-offs of bad consumer loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...