Banking

Exclusive news, analysis, and commentary of Wall Street investment banks, as well as other large commercial and regional banks.

Consumer

Chase Bank Gets into the Ad Game

Photo by Jan van der Wolf via Pexels

Chase Bank announced a new advertising unit that will use customer transaction data to target them with ads.

2 min read
Patent Drop

JPMorgan Chase Continues AI Rampage with Volatility Prediction Patent

Photo via U.S. Patent and Trademark Office

JPMorgan Chase wants to predict overly-aggressive investors with AI.

3 min read
Banking

Blackrock, Vanguard and State Street Face Probe Over Bank Stakes

Photo by Nikhilesh De / CoinDesk via CC BY 2.0

The FDIC is investigating Blackrock, Vanguard, and State Street over their large investment stakes in major US banks.

1 min read
Banking

Visa, Mastercard Agree to Massive Settlement That Limits Swipe Fees

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The agreement with US-based merchants is expected to reduce the credit card titans’ take by a combined $30 billion through 2030.

2 min read
Banking

SPAC-ish Group Sets its Sights on More Failed Banks

Photo by John McGehjee via CC0 1.0

Porticoes Capital has an FDIC-approved gateway to acquire lenders that are shutting down.

2 min read
Banking

New York Community Bancorp Gets $1B Cash Injection

Photo by Tdorante10 via CC BY-SA 4.0

Former Treasury Secretary Steven Mnuchin leads a team of investors hoping to settle the bank’s recent chaotic run.

2 min read
Banking

Capital One Plans Purchase of Discover to Build Credit Card Colossus

Photo by Can Pac Swire via CC BY-SA 2.0

The mega bank intends to buy the fourth-leading credit card network in the US.

1 min read
Banking

JPMorgan Sued by CEO of Greek Fintech Firm it Co-owns

Photo by Ben Sutherland via CC BY 2.0

The unit’s chief says the big bank is keeping his company from expanding into key markets.

1 min read