retail banking

NatWest Expands Retail Banking with £2.5 Billion Sainsbury’s Acquisition
NatWest Expands Retail Banking with £2.5 Billion Sainsbury’s Acquisition
June 20, 2024  |  Acquisitions

NatWest Group, one of the largest banks in the U.K., has announced its acquisition of the banking business of Sainsbury’s, the second-largest grocer in the...

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Goldman Plans to Double Down on Loans to Super-Rich Clients
Goldman Plans to Double Down on Loans to Super-Rich Clients
June 13, 2024  |  Banking

Goldman Sachs reportedly wants to double its lending to its most affluent customers. This plan would play out over the next five years for clients with...

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Banking Takes a Page out of Retail’s ‘Clienteling’ Playbook
Banking Takes a Page out of Retail’s ‘Clienteling’ Playbook
May 28, 2024  |  Banking

Banking, like any business, thrives on customer loyalty, on getting the right customers through the digital doors … and the branch settings too. The rise...

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Report: Goldman Sachs Nearing Sale of GreenSky Unit
Report: Goldman Sachs Nearing Sale of GreenSky Unit
September 20, 2023  |  Acquisitions

Goldman Sachs is reportedly in advanced talks with possible buyers for its FinTech lender GreenSky. As the Wall Street Journal (WSJ) reported Tuesday (Sept. 19),...

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Nearly 70% of Consumers Prioritize Trust Over Convenience When Choosing a Bank
Nearly 70% of Consumers Prioritize Trust Over Convenience When Choosing a Bank
September 13, 2023  |  Banking

In the retail banking industry, convenience and trust are two pivotal elements that significantly influence customer satisfaction and the acquisition of new customers. In the...

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DOJ Seeks Jail Time for Ex-Wells Fargo Exec Over Fake Accounts
DOJ Seeks Jail Time for Ex-Wells Fargo Exec Over Fake Accounts
September 03, 2023  |  Legal

Federal prosecutors want Wells Fargo’s former retail banking head to spend time behind bars. Carrie Tolstedt agreed earlier this year to plead guilty to obstructing an investigation...

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Goldman Hands Off Personal Finance Unit to Creative Planning
Goldman Hands Off Personal Finance Unit to Creative Planning
August 28, 2023  |  Banking

Goldman Sachs is selling its personal finance business to investment adviser Creative Planning. The deal, announced Monday (Aug. 28), comes one week after the news that Goldman was considering...

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Citi Streamlines Retail Offering as Personal Banking Income Grows 11%
Citi Streamlines Retail Offering as Personal Banking Income Grows 11%
August 23, 2023  |  Banking

Citi has introduced a series of new offerings designed to streamline its retail banking business. The new services, announced Wednesday (Aug. 23), come weeks after the banking giant...

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Goldman Exploring Sale of Personal Finance Unit
Goldman Exploring Sale of Personal Finance Unit
August 21, 2023  |  Banking

Goldman Sachs could sell its personal financial management business as it moves away from retail banking. “We see continued opportunities to invest in this segment but...

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