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 country. The deal, worth £2.5 billion ($3.2 billion), will increase NatWest’s assets and customer accounts, aligning with the bank’s strategy...
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 account sizes of more than $10 million, the bank’s private banking chief told Reuters Thursday (June 13). The goal is to...
Banking, like any business, thrives on customer loyalty, on getting the right customers through the digital doors … and the branch settings too. The rise of digital banking has spurred financial institutions (FIs) to take a page from retail, specifically, the practice known as “clienteling,”...
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), the Wall Street bank is in discussions to sell GreenSky to a group of firms that include Sixth Street, Pacific...
September 13, 2023
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 report “Credit Union Membership and Credit Profiles,” PYMNTS leverages insights gathered from a survey of over 4,000 U.S. consumers and 100 credit union (CU) executives to examine consumers’ interest in […]
January 10, 2023
Europe’s retail banking sector is battling weak consumer sentiment and the threat of loan defaults. To curb losses and adapt to a difficult consumer credit environment, some European banks have...
January 14, 2020
The consumer is doing just fine. To that end, JPMorgan Chase reported results that showed continued strength in U.S. consumer banking and spending on credit cards. In terms of headline...
January 08, 2020
In today’s top news, CitiGroup named David Chubak to head its retail banking division, lawmakers in New York proposed a public eBanking system similar to Venmo and Goldman Sachs created...
November 01, 2024
Barclays UK has completed its previously announced acquisition of the retail banking business of Tesco Personal Finance (Tesco Bank). Together with the completion of the acquisition, Barclays UK has entered into a 10-year exclusive strategic partnership with Tesco Stores Limited to market and distribute credit cards, unsecured personal loans and deposits using the Tesco brand […]
June 20, 2024
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 country. The deal, worth £2.5...
June 13, 2024
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 account sizes of more than $10...
September 20, 2023
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), the Wall Street bank is...
