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.

First Citizens Offers Instant Payments via RTP Network
First Citizens Offers Instant Payments via RTP Network
September 10, 2024  |  Faster Payments

First Citizens Bank now lets customers receive instant payments via the RTP network. The offering is open to business and consumer banking customers, allowing them to...

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Report: Goldman Sachs Struggles as It Tries to Exit GM Card
Report: Goldman Sachs Struggles as It Tries to Exit GM Card
September 10, 2024  |  Credit Cards

Goldman Sachs this week reported losses related to its Main Street lending business. The banking giant has been pulling away from the credit card lending...

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Capital Costs vs. Economic Growth: The Fed’s Balancing Act on Bank Lending
Capital Costs vs. Economic Growth: The Fed’s Balancing Act on Bank Lending
September 10, 2024  |  Loans

Regulators have scaled back capital requirements for banks, reducing the holdings that must be on the books to buffer against economic and other shocks. But...

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NCR Voyix: Fraud Is ‘Massive And Ever-Present’ Concern
NCR Voyix: Fraud Is ‘Massive And Ever-Present’ Concern
September 10, 2024  |  Opinion

While regulatory changes can present challenges, they can also create opportunities, NCR Voyix Chief Product Officer, Digital Banking Doug Brown writes in a new PYMNTS...

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Lloyds Calls for Swift End to British Car Loan Investigation
Lloyds Calls for Swift End to British Car Loan Investigation
September 09, 2024  |  Regulation

A U.K. banking executive says the country needs to resolve its unfair auto-lending practice investigation. Great Britain’s Financial Conduct Authority (FCA) said in July that...

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HSBC Reportedly Considers Commercial-Investment Bank Merger
HSBC Reportedly Considers Commercial-Investment Bank Merger
September 09, 2024  |  Banking

Banking giant HSBC is reportedly considering a merger of its commercial and investment bank operations. The plan is part of new CEO Georges Elhedery’s effort...

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Bank of London Catches Up on Tax Payments After ‘Internal Miscommunication’
Bank of London Catches Up on Tax Payments After ‘Internal Miscommunication’
September 09, 2024  |  Banking

The Bank of London reportedly said Monday (Sept. 9) that it paid all its taxes after internal miscommunication caused a delay. The bank’s statement followed...

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FDIC Sees Non-Depository Financial Institution Loans Surge, Hinting at New Risks
FDIC Sees Non-Depository Financial Institution Loans Surge, Hinting at New Risks
September 09, 2024  |  Loans

The Federal Deposit Insurance Corp.’s latest quarterly banking industry report hints at where risks lie if additional pressures come to bear on financial services firms...

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FinCEN Says Banks Reported $688 Million in Mail Theft-Related Check Fraud
FinCEN Says Banks Reported $688 Million in Mail Theft-Related Check Fraud
September 09, 2024  |  Security & Fraud

Mail theft-related check fraud amounted to more than $688 million in a recent six-month period. So said the Financial Crimes Enforcement Network (FinCEN) in a...

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