credit

Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
April 16, 2024  |  Earnings

Bank of America’s first quarter results took note of continued use of digital channels in banking — and for payments, too. The bank recorded 3.4...

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Satago and mmob Partner on Embedded Finance for Lenders, Corporates
Satago and mmob Partner on Embedded Finance for Lenders, Corporates
April 15, 2024  |  B2B Payments

Satago and mmob have partnered to make it easier for lenders and corporates to add embedded finance capabilities. This partnership will enable these businesses to...

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Goldman Earnings: Consumer Loan Net Charge-Offs Reach 8.4%
Goldman Earnings: Consumer Loan Net Charge-Offs Reach 8.4%
April 15, 2024  |  Earnings

Goldman Sachs posted earnings on Monday (April 15) that illuminated a continued focus on Wall Street activities, while the firm continues to exit consumer-related banking...

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March Retail Sales Wrap Solid First Quarter for Consumer Spending
March Retail Sales Wrap Solid First Quarter for Consumer Spending
April 15, 2024  |  Economy

The old adage goes, “March comes in like a lion and goes out like a lamb.” However, for consumer spending, it looks like March came...

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Wells Fargo Sees Brighter Days for US Consumer Spending
Wells Fargo Sees Brighter Days for US Consumer Spending
April 12, 2024  |  Earnings

The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending. While Wells Fargo didn’t post...

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JPMorgan Card Chargeoffs Rise as Dimon Warns on Inflation
JPMorgan Card Chargeoffs Rise as Dimon Warns on Inflation
April 12, 2024  |  Earnings

Consumers are still spending, but JPMorgan CEO Jamie Dimon, in remarks accompanying the banking giant’s latest earnings Friday (April 12), detailed concerns over inflation’s impact. And...

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Consumers Make Minimum Credit Card Payments as Inflation Takes a Bite
Consumers Make Minimum Credit Card Payments as Inflation Takes a Bite
April 11, 2024  |  Credit Cards

In signs of continued pressure in the paycheck-to-paycheck economy, more consumers are making only the minimum payments on their credit cards. And the debt on...

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Nav Adds ‘Credit Health Experience’ to Business Financial Health Platform
Nav Adds ‘Credit Health Experience’ to Business Financial Health Platform
April 10, 2024  |  SMBs

Nav has added a new “credit health experience” to its financial health platform for small businesses. The new Nav Credit Health helps small business owners understand...

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Wall Street Banks Regaining Share of Financing Deals
Wall Street Banks Regaining Share of Financing Deals
April 10, 2024  |  Loans

Wall Street banks are reporting gaining back some of the share of financing deals they had lost to alternative-asset fund managers, insurers and other private credit....

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