As part of its strategic plan, investment firm Goldman Sachs aims to win the business of more mid-sized companies. It also plans to spend $4 billion technology this year per John Waldron, the bank’s president, who made the remarks at a Bernstein conference in New York, the...
Deposit growth at banking giant JPMorgan Chase is slowing because customers are taking out money and stashing it in accounts at other banks that have higher interest rates, according to a report by Reuters. Get the Full Story Complete the form to unlock this article...
HSBC Bank USA, a unit of HSBC Group, announced Thursday (May 30) the launch of Pepper, the humanoid robot it developed with SoftBank Robotics America, in Miami. In a press release, HSBC said Pepper is being deployed in a retail branch in Miami, marking the...
The CEO of JPMorgan, Jamie Dimon, said Wells Fargo was “irresponsible” for not having a succession plan in place before announcing CEO Tim Sloan’s departure, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
When businesses get sold, the deals can happen for a variety of reasons. The buyers can be strategic, looking for technology or staff to help them get to the next level. The reasons may be financial — and every so often, owners look to sell...
Even though a potential merger with Deutsche Bank fell through, Commerzbank CEO Martin Zielke said he’s still open to the possibility of merging with another bank, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy...
The customer journey in banking begins with offering a wealth of data when opening an account. As Jim Priestley, chief revenue officer at Feedzai, tells PYMNTS, mobile banking is changing financial services — so banks must change the ways they approach account openings, too.
Large U.S. banks are seeing a deterioration in commercial lending portfolios for the first time in three years, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Bank of Italy is gearing up to reward companies that make moves to fight climate change, reported Reuters. 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...
