The Federal Deposit Insurance Corp.’s latest data on deposits shows just how bifurcated the banking industry is, in terms of the largest players, home to the great bulk of overall deposits here in the states. To that end, the top five institutions — ranked by...
Wells Fargo has introduced specialized application programming interfaces (APIs) tailored for its commercial banking clients. “Our new APIs provide clients real-time, on-demand information so they can efficiently and seamlessly manage inventory, supply chain, and payments,” Daniel Pfeiffer, the bank’s head of receivables, trade and inventory finance, said...
The payments landscape is a global one, meaning winning innovations have boundless room to scale. It also means that geographical positioning can help with strategically driving forward various innovations. “The Middle East has always been a very unique trade corridor, placed right in the middle...
Lloyds Bank and Oaktree Capital Management have teamed to support U.K. “middle-market sponsor-backed borrowers.” The collaboration, announced Thursday (July 18), will see Lloyds’ structured debt finance team work with Oaktree’s European private debt platform to provide clients with a solution for new buyouts and refinancings...
September 23, 2024
The Federal Deposit Insurance Corp.’s latest data on deposits shows just how bifurcated the banking industry is, in terms of the largest players, home to the great bulk of overall deposits here in the states. To that end, the top five institutions — ranked by the FDIC based on domestic deposit concentration — hold a […]
July 23, 2024
The payments landscape is a global one, meaning winning innovations have boundless room to scale. It also means that geographical positioning can help with strategically driving forward various innovations. “The...
November 18, 2022
Sam Yen, chief innovation officer for Commercial Banking at JPMorgan Chase, said a simple mindset should guide financial intuitions and other providers striving to innovate B2B payments for their business...
July 15, 2022
The banking industry is undergoing a pandemic-fueled digital transformation that is reshaping how businesses of all sizes operate. The global health crisis forced companies to embrace digital channels in record...
October 10, 2024
Management ranks at banking giant HSBC could soon begin to thin. The Financial Times (FT) reported Thursday (Oct. 10) that sources familiar with the matter say new CEO Georges Elhedery plans to restructure HSBC’s senior banker level as part of a plan to save up to $300 million. Reports emerged last month that Elhedery is working on an effort […]
September 17, 2024
Wells Fargo has introduced specialized application programming interfaces (APIs) tailored for its commercial banking clients. “Our new APIs provide clients real-time, on-demand information so they can efficiently and seamlessly manage inventory,...
July 18, 2024
Lloyds Bank and Oaktree Capital Management have teamed to support U.K. “middle-market sponsor-backed borrowers.” The collaboration, announced Thursday (July 18), will see Lloyds’ structured debt finance team work with Oaktree’s...
July 15, 2024
Citi has a new head of commercial banking (CCB) for the United Kingdom. James Morris, a 25-year veteran of British banking giant Barclays, is expected to take on that role...
