In June of 2014, Amazon launched the Fire phone. Priced at $650 and offered exclusively by AT&T, the phone’s big selling point was its “Dynamic...
Truist Financial will make “sizeable reductions” in its workforce from the third quarter through the first quarter of 2024. This is part of an effort to...
The data show that 20% of individuals have overdrawn their accounts in the past year as they grapple with the demands of inflation, of timing...
Truist posted second-quarter results that show continued adoption of digital channels for mobile banking — and a stabilizing of deposit flight seen earlier in the...
Overdraft fees have been a hot button issue in financial services. But they’re less of a revenue source for banks — significantly less — than...
Truist’s Foundry startup has an app that rewards users for building healthy financial habits. Dubbed “Long Game,” the mobile app gives Truist clients the chance to...
Several regional banks ended the first quarter with stable deposits. Their reports of flat deposits came after a quarter in which the collapses of three...
The collapse of Silicon Valley Bank (SVB) disproportionately affected regional banks, as its over-the-weekend failure last month spurred a deposit flight to the presumed safety of “too big to...
Banking giant Truist has appointed a new CEO for its corporate/investment banking arm. Tom Hackett, currently serving as chief operating officer of Truist Securities, will...