Consumer banking

How new robo adviser fits into Goldman's tech strategy

02/18/21

The automated investing tool is part of Goldman Sachs's effort to be a full-service digital bank and to help partners like Apple and Stripe offer financial products, according to Stephanie Cohen, global co-head of consumer and wealth management.

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Can bankers really make the world a better place?

02/10/21

In his new book, the Princeton lecturer and financier J.C. de Swaan contemplates what it means to be virtuous in a financial system that prioritizes profits and shareholder returns.

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How long can credit unions keep the mortgage momentum going?

02/09/21

Home loans accounted for the bulk of the industry’s lending gains in 2020, but inventory shortages in some markets and an uneven economic recovery may dim prospects this year.

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What bankers can do to close the racial wealth gap

02/08/21

Free financial education programs and easier access to safe small-dollar loans are among the ways banks could help put low-income minority households on a path to prosperity.

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Big-player competition, changing consumer habits hinder card rebound

02/04/21

Credit unions are hoping for a return to normal credit card spending patterns sometime during the second half, but the pandemic has created a domino effect of complicating factors.

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USAA names bank president, plucks new risk chief from Citigroup

02/03/21

The San Antonio-based company has promoted Paul Vincent to president of its banking unit. Neeraj Singh, previously chief risk officer for Citi’s U.S. consumer bank, has joined the parent company as chief risk officer.

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JPMorgan plans retail bank expansion abroad with U.K. foray

01/27/21

The bank will start with a mobile checking account for U.K. customers this year, followed by a full slate of products that could include credit cards, mortgages and car loans.

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Fifth Third CEO ‘very concerned’ about fintechs

01/21/21

Greg Carmichael said lightly regulated challenger banks pose a long-term threat to traditional banks, echoing comments JPMorgan Chase’s Jamie Dimon made last week.

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Goldman’s consumer bank will take longer to break even, CEO says

01/19/21

Its Marcus unit continues to invest in new products and business lines, delaying its path to profitability, according to Goldman Sachs CEO David Solomon.

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Bank of America likes what it sees in consumer spending

01/19/21

Payments activity “snapped back” in the fourth quarter and should lift revenue the next few quarters, CEO Brian Moynihan said.

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