Banking

Banking

New York Community Bank’s Nosedive Has Regional Banks on Shaky Ground

Photo by Tdorante10 via CC BY-SA 4.0

The bank’s shares plunged after it announced it set aside a huge reserve for future loan defaults.

1 min read

Photo via U.S. Patent and Trademark Office

Patent Drop

Visa May Use Doppelgangers to Fight Payments Fraud

The tech could help the financial institution find cyber criminals and figure out your spending habits early.

3 min read
Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Banking

Banks Are Making Hay Out of Post-Banking Crisis Safeguards

Banks are finding novel ways to game the Fed’s safeguard systems, according to a Wall Street Journal analysis.

1 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

JPMorgan Adds to Space Ambitions with Off-Planet Payments

The bank’s out-of-this-world patent for “space-based payments” relies on blockchain networks, satellites and stablecoins.

2 min read

Banking

Banks Have a Lot of Cash But Aren’t Ready to Use It

Photo by Frugal Flyer via Unsplash

The lenders that survived last spring’s crisis throughout the industry are flush, but are still shy about spending.

2 min read

Regulation

Washington Wants More Rules, Bankers Have Concerns

Photo by Ian Hutchinson via Unsplash

Top bosses from eight major financial institutions appeared before a Senate committee to give their opinion on looming banking reforms.

2 min read

Photo by Tdorante10 via CC BY-SA 4.0

Banking

Barclays Wants to Ditch Thousands of its Clients

Barclays is considering a Marie Kondo approach to its investment banking business, potentially dropping thousands of clients.

2 min read
Photo by Ernie Journeys via Unsplash

Banking

Wells Fargo Branches Join America’s Union Push

Workers at two Wells Fargo locations launched efforts to unionize this week, marking a rare unionization effort in the banking world.

2 min read
(Photo by Griffin Wooldridge on Unsplash)

Banking

Wells Fargo Gets Called Out for Lax Crime Prevention

Watchdogs have been badgering Wells Fargo about its lackadaisical approach to monitoring and preventing financial crimes.

2 min read

Banking

Banking’s Fantastic Four Grab a Bigger Share of Industry Profits

(Photo by Kenny Eliason on Unsplash)

Of the roughly 4,400 operating banks in the US, nearly half of all banking profits in the third quarter came from just four.

2 min read

Photo by Federal Reserve Board of Governors under Public Domain Mark 1.0

Power Corridor

Fed’s Tea Leaves Get Murkier

The U.S. Federal Reserve is all but certain to hold interest rates steady Wednesday, but the economy is still scorching – beating expectations in September – while American consumers continue to buy up a storm, charging their credit cards as…

2 min read
(Photo by Edgar on Unsplash)

Banking

Low Deal Flow Means Lower Bonuses for Wall Street

After 10 months of slower-than-anticipated deal flow, bankers are expecting less-than-stellar year-end holiday bonuses.

1 min read
(Photo by Ken Lund under CC BY-SA 2.0)

Banking

Goldman Sachs Gets Into the Geopolitical Advice Game

Goldman Sachs is launching a sort of geopolitics-slash-technology research arm to advise clients who get anxious when they turn the news on.

1 min read

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