Onur Genç to become BBVA global CEO in December
He will take over as CEO from Carlos Torres Vila, who becomes chairman at year-end. Still unknown: who will run the company's U.S. bank once Genç moves up. ... Read full article
He will take over as CEO from Carlos Torres Vila, who becomes chairman at year-end. Still unknown: who will run the company's U.S. bank once Genç moves up. ... Read full article
In a world where most financial matters can be handled with a few taps on an app, debt collection appears stuck in the last century. ... Read full article
The card is being launched in partnership with U.S. Bancorp, which will handle the underwriting and provide the credit. ... Read full article
Through timely investments, opportunistic dealmaking and a laser focus on employee engagement, Turner has Wilmington, Del.-based WSFS on the cusp of becoming a regional power. ... Read full article
As U.S. banks move toward faster payments, they should heed the lessons U.K. banks learned about criminals after launching their real-time transaction system, says Varo Money's fraud strategy leader. ... Read full article
MyBucks and its subsidiary, New Finance Bank, have opened 4,200 digital banking accounts and provided 72 loans at a Malawi branch said to be the first of its kind in a refugee camp. ... Read full article
Chase is planning to enable users of the Chase Pay app to receive and redeem custom offers from merchants, in addition to the ability to find offers from more than 150 merchants through the Chase Mobile app. ... Read full article
Neobanks create lots of buzz — and command the attention of venture capital firms — but there are questions about how big of a threat they pose. ... Read full article
The new ad illustrates how banks are going beyond traditional promotions to try and find something that customers will share on their own. ... Read full article
Fifth Third Bank customers were swindled out of over $100,000, but not because the bank didn't have protection in place. ... Read full article
A new report finds credit unions' edge in satisfaction rates has all but been wiped out, while a separate study finds negative interactions with CU staff could have a big impact on the bottom line. ... Read full article
Serial neobank entrepreneur Anthony Thomson is building his third institution, this one in Australia. Here's what he's learned about the industry as he embarks on another run. ... Read full article
A Colorado business owner and the second-largest U.S. bank are set to go to court this month over his intellectual property claim that he owns the service mark for an online virtual assistant named Erica. That is the same name the bank uses for its digital ... Read full article
HSBC is the latest bank to be hit with this type of attack, in which hackers take stolen user names and passwords from one site and attempt to reuse them to login to banks. ... Read full article
Information about new account holders pulled from Bank of America, JPMorgan Chase, U.S. Bank, and Wells Fargo contradicts the notion that the previously unbanked turn into costlier customers. ... Read full article
The New York unit of Popular has contracted with Biz2Credit to automate commercial loan approvals and handle the underwriting for applications under $100,000. ... Read full article
The merger could help make open source and cloud computing more commonplace at banks. But it may have an unintended consequence as well. ... Read full article
The Ohio company touted a strong pipeline for loans but warned that noninterest costs will likely rise in the fourth quarter when it records charges tied to branch closings. ... Read full article
The agency’s biennial survey showed gradual improvement in access to mainstream banks, but over 14 million adults lack ties to a federally insured institution. ... Read full article
The bank will still use GoTo, an app consumers can use to communicate with a personal banker, but no longer own the Pivotus subsidiary that created it. ... Read full article