Consumer banking

It takes every kind of people to make a good diversity effort

10/17/19

Employee programs need to embrace a wide range of groups including women, minorities and the LGBTQ community.

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PNC’s expansion yields dividends ahead of schedule, executives say

10/16/19

The Pittsburgh company’s “branch lite” approach to retail and middle-market banking in new markets will break even sooner than expected and has had a noticeable impact on loans and deposits.

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U.S. Bancorp’s mortgage growth a good sign for banking

10/16/19

The Minneapolis company attributed the uptick to new tech tools, additional loan officers and other process improvements — not to mention the refi boom fueled by lower rates. It’s a formula other banks are expected to copy.

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Why big banks keep raking in deposits

10/16/19

They’ve long used their marketing muscle to wrest deposit share from smaller competitors. Now, amid growing concerns that the economy is weakening, they could be benefiting from consumers’ flight to safety.

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Mortgages boost U.S. Bancorp in 3Q

10/16/19

The Minneapolis bank says recent investments in its retail operation contributed to strong improvement in home lending and mortgage banking fees.

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Costs weigh on Wells Fargo as new CEO prepares to take reins

10/15/19

Perhaps the biggest test that Charles Scharf will face when he starts next week will be how to control expenses while still trying to make the necessary investments in risk management to satisfy regulators.

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Citi’s digital-first deposit strategy paying off — for now

10/15/19

CEO Michael Corbat said he “wouldn’t rule out” building branches to keep the momentum going.

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Goldman Sachs execs ask for patience on digital brand Marcus

10/15/19

During the firm's earnings conference call, Chairman and CEO David Solomon attempted to reassure investors about the costs of Marcus, declining to say when the investment bank might break even on the initiative.

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JPMorgan posts trading surge, surprise jump in banking fees

10/15/19

A healthy increase in consumer banking revenue also helped drive an 8% jump in profits at the nation's largest banking company.

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One challenger bank's plan to bring immigrants into financial mainstream

10/10/19

Majority, which will launch nationwide later this quarter, will use networks of immigrants to sell a mobile phone-based account that features unlimited remittances and international calling services.

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