banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

PNC and Plaid Partner on Secure Sharing of Banking Data
PNC and Plaid Partner on Secure Sharing of Banking Data
September 20, 2024  |  Banking

PNC Financial Services Group and Plaid have partnered to allow the bank’s customers to more securely share their data with third-party financial apps and services....

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Report: JPMorgan Chase Trials UK Credit Card on Mobile App
Report: JPMorgan Chase Trials UK Credit Card on Mobile App
September 20, 2024  |  Banking

JPMorgan Chase is reportedly testing a credit card product in the United Kingdom. The bank has been working on the product for over a year...

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TD Bank Executive Raymond Chun to Succeed CEO Bharat Masrani
TD Bank Executive Raymond Chun to Succeed CEO Bharat Masrani
September 19, 2024  |  Personnel

TD Bank Group President and CEO Bharat Masrani will retire April 10, and will be succeeded by Raymond Chun, who is currently group head, Candian personal...

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Deutsche Bank to Close About 50 Branches, Expand Video Capacity
Deutsche Bank to Close About 50 Branches, Expand Video Capacity
September 18, 2024  |  Banking

Deutsche Bank will close a “mid-double-digit number” of smaller branches in Germany while adding new formats and technologies. The bank will negotiate the changes in...

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Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
September 18, 2024  |  Banking

Three banks will lower their prime lending rate after the Federal Reserve decided to reduce the federal funds rate. BMO, Truist Financial and MT&T Bank...

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German Central Bank: Mergers Must Yield ‘Robust’ Competition
German Central Bank: Mergers Must Yield ‘Robust’ Competition
September 18, 2024  |  Banking

The chief of Germany’s central bank wants bank mergers to produce robust, competitive institutions. “We need strong and robust banks so that companies can tackle...

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CSI Buys Overdraft Management Firm Velocity Solutions to Help Banks Grow
CSI Buys Overdraft Management Firm Velocity Solutions to Help Banks Grow
September 18, 2024  |  Acquisitions

Financial technology provider CSI acquired overdraft management software firm Velocity Solutions. “Our customers rely on us to provide the advanced tools and software that drive...

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JPMorgan Aims to Expand in Africa and Scandinavia
JPMorgan Aims to Expand in Africa and Scandinavia
September 18, 2024  |  Banking

America’s largest bank is increasing its expansion efforts outside the U.S. J.P. Morgan Chase is hiring bankers in cities like Stockholm and Copenhagen to expand...

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Digital Platforms Promise Real-Time Fix for Loan Market’s Fax Problem
Digital Platforms Promise Real-Time Fix for Loan Market’s Fax Problem
September 18, 2024  |  Loans

For every fragmented ecosystem, there’s a digital innovation being built and scaled to streamline it. The global syndicated loan market, a $7 trillion-plus industry where...

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