10 to watch in 2019
CEOs on the hot seat. Banks fighting to stay independent. Comfortable players ripe for disruption from Amazon and others. It is shaping up as a riveting year. ... Read full article
CEOs on the hot seat. Banks fighting to stay independent. Comfortable players ripe for disruption from Amazon and others. It is shaping up as a riveting year. ... Read full article
Two trends — competition from challenger banks and the emergence of real-time payments — threaten to eat away at the fees banks collect on overdrafts and bounced checks. ... Read full article
The technology does not yet exist, but in the not-too-distant future it could fundamentally transform how many organizations do business. ... Read full article
JPMorgan Chase’s planned expansion into more than a dozen new markets threatens community banks and larger institutions alike. ... Read full article
Readers this year responded to Mick Mulvaney's leadership at the Consumer Financial Protection Bureau, the banking industry's role in the national gun debate, Rep. Maxine Water's upcoming leadership of the Financial Services Committee, the ... Read full article
It was a year to remember for women executives at SunTrust and Amex’s new CEO, and one to forget for Wells Fargo and investors in bank stocks. ... Read full article
As head of Santander Bank’s retail network, Colleen Clancy will be in charge of more than 600 branches and over 4,100 employees across eight states. ... Read full article
Treasury Secretary Steven Mnuchin called top executives from the six largest U.S. banks over the weekend, he said Sunday on Twitter, a move that followed heavy losses in the stock market last week and a partial federal government shutdown. ... Read full article
Atlantic Equities’ John Heagerty cut his recommendation on JPMorgan Chase to neutral, saying the bank now “offers the least upside” to price targets among the major banks. ... Read full article
A new unit of the nonprofit tech-development foundation is getting banks of all sizes to work together on cutting-edge software projects that could benefit the entire industry. ... Read full article
The Financial Accounting Standards Board is requiring all companies to record leases for property and equipment on their balance sheets. Here’s how that revision could affect banks’ loan decisions — and their own capital ratios. ... Read full article
Loans to house flippers dropped 11% in the third quarter, indicating "possible turbulence;" the German bank may have allowed some clients to claim tax credits on stock they didn't own. ... Read full article
JPMorgan Chase is beefing up its technology presence in Israel, joining other global financial firms seeking to benefit from the country's large pool of fintech experts. ... Read full article
The Chicago bank's new partnership with AutoGravity mirrors others struck this year by JPMorgan Chase and U.S. Bank with providers of mobile apps that bundle the car-buying and lending processes. ... Read full article
Since banks are under constant attack by hackers, the startup XM Cyber is offering them a simulator that seeks to do its virtual worst in order to prevent a real breach. ... Read full article
Whatever the central bank decides, it is sure to ruffle a lot of feathers in the industry. ... Read full article
Big-bank execs downplayed gloomy economic forecasts and said a commercial lending rally, niche M&A and smart tech spending will drive growth in 2019. ... Read full article
To convince skeptical bankers about the benefits of distributed ledger technology, some suggest it needs to be separated from the volatile digital currency it underlies. ... Read full article
Danish lawmakers say that the probe currently focused on Danske Bank should be expanded to include more firms. ... Read full article
Proponents of real-time payments systems say banks must embrace them given consumer demand for more immediacy and transparency, even if criminals will try to exploit them. ... Read full article