Consumer banking

A plan to give CFPB’s new task force some teeth

01/22/20

The new group should look at protecting consumer data and how nonprime financial consumers are treated through new regulations.

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Citigroup CEO says many branch jobs are still safe from machines

01/21/20

Modernizing the bank’s app and digital-banking experience won’t necessarily result in Citigroup needing fewer people in its retail bank, CEO Michael Corbat said.

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Morgan Stanley not satisfied; lawmakers demand more answers from Dimon

01/17/20

The investment bank is raising its return on equity target following a record earnings year; Democrat lawmakers say JPMorgan's response on racial discrimination questions was inadequate.

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Alan Kline named editor-in-chief of American Banker

01/16/20

Alan Kline, a 22-year veteran of American Banker, has previously served as editor-in-chief of US Banker.

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Goldman curtailed personal lending after launching Apple card

01/15/20

The New York bank said Wednesday that its first-ever credit card has brought in nearly $2 billion of loans in less than six months.

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How to keep community banks thriving

01/15/20

The Atlanta Fed offers ways rural institutions can keep and nurture talent while pooling resources with their peers to excel in a challenging environment.

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Citi bets heavily on consumers to meet profit targets

01/14/20

The banking giant is counting on continued growth in cards, deposits and digital accounts to drive returns higher in 2020.

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JPMorgan’s trading surge helps fuel most profitable year ever

01/14/20

Fueled by a rebound in trading, especially in fixed income, the company said profit jumped 21% in the fourth quarter, pushing annual earnings to a record $36.4 billion.

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Voice banking's ascent and other takeaways from CES

01/13/20

One banking-related highlight of the show was an announcement from HSBC and Google of a real-time conversation translator for Google’s nest hub.

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Will earnings season bring surprises?; Wells Fargo’s tech troubles

01/13/20

Profits at big banks are expected to be up versus a year ago but down from the third quarter; add antiquated systems to the bank’s many problems.

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