Shadow banking now has $52 trillion in assets under its belt. FinTech firms are crowding financial services’ flanks, looking for customers who crave mobile means of managing their financial lives. Last week’s Capitol Hill hearing — and our own data on just where we will...
Some of the country’s biggest banks saw their share prices surge after their Quarter 1 earnings beat analysts’ expectations. Shares of JPMorgan Chase rose 4.1 percent after it reported a 5 percent boost in profits, beating expectations and showcasing the strength of its banking operations....
To quote a rock ‘n’ roll poet (Jerry Lee Lewis): Whole lotta shakin’ going on. 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,...
Wells Fargo, the embattled national bank that is still reeling from a 2016 fake account scandal, is having a hard time recovering and rebuilding its reputation, leaning on cost cuts amid declines in revenue. Get the Full Story Complete the form to unlock this article...
U.K. digital bank Monzo is set to raise new funds that could double its valuation to £2 billion, making it the second-largest FinTech startup in Britain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Bank of America said it’s going to modernize more than 50 percent of its branches to match the changing way people bank, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
German-based banking app N26, geared toward younger customers and backed by notable billionaires like Peter Thiel and Li Ka-shing, wants to expand beyond Europe while keeping product offerings simple, according to reports. Get the Full Story Complete the form to unlock this article and enjoy...
Citigroup, the third-largest bank in the U.S., could miss the financial targets for 2020 in the consumer division, reported The Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
ICBA Bancard, the payment services arm of the Independent Community Bankers of America (ICBA), has partnered with Urban FT, a New York-based software company, to bring prepaid cards to community banks, the companies said in a press release. Get the Full Story Complete the form...
