America’s regional banks are reportedly hoping to get healthier by getting smaller. As The Wall Street Journal (WSJ) reported Monday (Oct. 23), these lenders are scaling back following a quarter that saw banks like KeyCorp, Truist and Citizens Financial record double-digit declines in profit. For example, PNC is planning layoffs, while Citizens has said...
The increased scrutiny of regional banks — and a boost in capital requirements — may drive them towards FinTech partnerships to shore up compliance and know-your-business efforts. That might also light a fire under some dealmaking in the process. To that end, and as reported...
Citizens Financial Group announced on Monday (May 14) plans to launch Citizens Access, a nationwide direct-to-consumer online bank. In a press release, Citizens Financial said the digital platform will offer FDIC-insured deposits products aimed at serving people who want to save and want the flexibility of an online banking...
Goldman Sachs and Apple are reportedly in talks about the former providing financing to the latter’s customers, particularly those who want to purchase a new iPhone, iPad or other Apple devices. According to a report in the Wall Street Journal, people familiar with the matter...
January 29, 2024
America’s regional lenders say they’re emerging from the shadow of Silicon Valley Bank. That bank’s collapse last year sent shockwaves through the industry, but now, executives at mid-sized banks told the Financial Times (FT) Monday (Jan. 29), the pressure to keep depositors from leaving has begun to lessen. Competition for deposits is still “robust,” Fifth Third Bank CEO Tim Spence told […]
October 23, 2023
America’s regional banks are reportedly hoping to get healthier by getting smaller. As The Wall Street Journal (WSJ) reported Monday (Oct. 23), these lenders are scaling back following a quarter that saw...
May 14, 2018
Citizens Financial Group announced on Monday (May 14) plans to launch Citizens Access, a nationwide direct-to-consumer online bank. In a press release, Citizens Financial said the digital platform will offer FDIC-insured...
February 07, 2018
Goldman Sachs and Apple are reportedly in talks about the former providing financing to the latter’s customers, particularly those who want to purchase a new iPhone, iPad or other Apple...
