Capital One’s fourth quarter results, released after the market closed on Tuesday (Jan. 21), indicated that consumers continue to spend on their cards, and stripping out one-time items, credit performance was flat along several metrics. The company’s earnings supplementals revealed that card purchase volumes surged...
Ohio-based Fifth Third Bancorp is seeing gains from its investments in new branches in the Southeast U.S. and its digital banking platform. Fifth Third generated year-over-year household growth of 2.3%, with that figure being 6% in the Southeast, Fifth Third Chairman, CEO and President Tim...
American banks are reportedly in “go mode” with Donald Trump’s return to the White House. So says Mary Erdoes, head of asset and wealth management for J.P. Morgan, who said Tuesday (Jan. 21) that the banking giant was hopeful the new administration would roll back some of its...
British independent consumer group and rating provider Fairer Finance has added new business bank account product rankings designed to help small businesses. The group now offers ratings for more than 30 product types, including insurance, banking and credit products, Fairer Finance said in a Monday...
HSBC is reportedly considering a sale of its Australian consumer banking operation. That’s one of the options before the British banking giant as it tries to pare down its business, Bloomberg News reported Monday (Jan. 20), citing sources with knowledge of the matter. One of...
Capital One says it has restored service after a days-long outage locked thousands of customers from their accounts. “Account functionality for all customers is now restored,” the bank holding company wrote in a post Sunday (Jan. 19) on X. “We sincerely apologize for how frustrating...
Santander is reportedly rethinking its U.K. presence 20 years after entering the British banking market. The Spanish lender is weighing a number of options, including exiting the U.K. entirely, the Financial Times (FT) reported Sunday (Jan. 19), citing sources familiar with the matter. These sources...
As financial services move increasingly online — even as value remains in branch experiences — FinTechs are looking for banking partners to expand their reach into traditional accounts and credit. Banks are mindful of the need to expand their tech stack and reach digitally-minded consumers....
America’s largest bank reportedly wants to grow its presence in Europe’s largest economy. J.P. Morgan Chase CEO Jamie Dimon is plotting a major expansion that involves developing a digitally-centered consumer bank outside the U.S., the Wall Street Journal (WSJ) reported Tuesday (Jan. 14). That means...
