Strategic plans

Inside Goldman Sachs' big plans in digital consumer banking


The Wall Street bank aims to double consumer deposits and triple outstanding consumer loans in five years. A checking account is slated for 2021, and more cobranded credit cards could be coming.


Sallie Mae's foray into personal loans proves short-lived


The company best known for student lending expanded into personal lending less than two years ago. Now it says it is refocusing on core strategic priorities.


Goldman goes transparent; Banks up to the challenge


Goldman Sachs plans to offer details into its workings to boost its stock value; while challenger banks are prospering, traditional banks still rule the roost.


JPM prepping for zero rates; N.J. to pressure banks on guns


Dimon doesn’t expect it to happen, but the bank is getting ready just in case; the state will require banks to disclose their relationship with gun sellers.


GreenSky exploring potential sale after earnings disappoint


The Atlanta fintech, whose shares have plummeted since it went public last year, also said it will stop providing financial guidance to its investors.


What sets industry's top performers apart


The most profitable banks in American Banker’s annual rankings frequently produce year after year. That success requires rigorous budgeting and planning, timely analysis and more.


Moynihan's call for unity, CFPB payday revamp, Morgan Stanley's AI strategy: Top stories of the week


'There is no division in our industry': BofA's Moynihan says; why CFPB's payday revamp is an even bigger deal than you think; Morgan Stanley's new data strategy for higher quality AI; and more from this week's most-read stories.


Alarm bells for CRE lenders after Bank OZK's bad quarter


The company is facing criticism after a big chargeoff on two properties, showing that investors have little patience when a risky business model shows signs of distress.


JPMorgan to open 50 branches, hire 300 staff in Philadelphia region


It will also invest in mortgage and small-business lending and in neighborhood revitalization efforts there. The moves are part of a nationwide expansion by the largest U.S. bank.


JPMorgan denies report it's considering Deutsche Bank stake


JPMorgan Chase denied a report in the German magazine WirtschaftsWoche that it's interested in acquiring a stake in Deutsche Bank, after the lender's share price slumped.