Banks Ease C&I, Residential Lending Standards
The easing reflected "a more favorable or less uncertain economic outlook" and heightened competition.
Square Debuts Small Business Banking Platform
The suite of financial products are designed to help small business owners manage their cash flow.
JPMorgan Chase Names Jeremy Barnum CFO
Barnum takes the place of Jennifer Piepszak, who was named co-head of the bank's consumer and community banking business.
Banks Paused Tightening in Q4
Many U.S. financial institutions left loan standards unchanged for business and real estate credits, as demand weakened.
Wells Fargo Announces $2.4B Loss, Dividend Cut
“We are extremely disappointed in both our second-quarter results and our intent to reduce our dividend,” CEO Charlie Scharf says.
OCC Cannot Grant Special Bank Charters to Fintech Companies
Tech startups trying to become banks can no longer expedite the process with a fintech charter.
Legacy Banks Are Threatened – Unless They Fight Back
Leading financial institutions still have the opportunity to create a new kind of bank, one that is more than just what the new challengers promise.
JPMorgan Chase Names New CFO; Lake to Head Consumer Lending
The CEO of card services, Jennifer Piepszak, inherits the CFO spot from Marianne Lake, who was appointed CEO of consumer lending.
Citigroup Profits Beat Estimates, But Revenue Misses
A lower effective tax rate gave the bank a significant net income boost.
Deutsche Bank Announces Job Cuts; Chair Survives Removal Vote
Most of the cuts will be in Deutsche’s corporate and investment bank, in particular equities sales and trading personnel.
Advice to CFOs: Strike While Bankers Are Optimistic
Here are three reasons why your company's chances of getting a loan may be better than they have been in awhile.