Banking Industry Newsfeeds

JPM exec shuffle, U.S. Bank’s first digital chief, CFPB and debt collection: Top stories of the week

Friday, April 19, 2019

Whether JPMorgan tipped its hand on a succession plan; U.S. Bank hires its first chief digital officer; all eyes on CFPB as it modernizes its debt collection rules; and more from this week’s most-read stories.

‘A rogue regime can weaponize this agency’: Comments of the week

Thursday, April 18, 2019

Readers debate the Federal Reserve's potential entry into real-time payments, consider the Consumer Financial Protection Bureau's guidance for assessing fines, discuss the efficacy of financial education programs and more.

The UBS banker in the Mueller Report: Robert Foresman

Thursday, April 18, 2019

The special counsel’s long-awaited report describes three separate occasions in which Foresman, vice chairman of the Swiss company’s investment bank, had Trump-related contacts with Russians.

Why Citizens is willing to pay so much for deposits

Thursday, April 18, 2019

The Rhode Island bank’s deposit costs nearly doubled in the first quarter, but CEO Bruce Van Saun says it has to go on the offensive to sustain loan growth.

Small core providers see de novos as a ‘land grab’ opportunity

Thursday, April 18, 2019

Alternative providers like courting new banks. De novos like the modern features many alternative providers offer upfront.

Consumer lenders ease fears over credit quality

Thursday, April 18, 2019

Measures of loan performance were generally better than expected at Ally, American Express, Synchrony and Sallie Mae. Their 1Q reports suggest that consumers remain able to meet their obligations despite a long run-up in debt.

BB&T and SunTrust vow to minimize employee, client defections

Thursday, April 18, 2019

The cold, hard truth of bank mergers is that rivals often steal top producers and convince customers the bigger bank won’t care about them anymore. The CEOs of the merging banks explain their retention efforts.

Fee income setback takes bite out of KeyCorp's profit

Thursday, April 18, 2019

A big decrease in noninterest income outweighed cost controls during the first quarter.

How Amex avoided a repeat of Costco to keep Delta on board

Thursday, April 18, 2019

If American Express is going to soar in the future, it plans to do so firmly attached to the new 11-year contract it has signed with Delta Airlines.

Open banking is an opportunity

Thursday, April 18, 2019

Corporations now have more access to consumer financial information than ever before. The question is whether banks will be the ones to help firms harness this data.

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