With less than one month to go before its acquisition of Discover Financial Services, Capital One is on track to deliver synergies and forge an expanded consumer card and digital banking footprint in what the latter’s CEO, Richard Fairbank, said will create “something really special.”...
The movement by neobanks to branch into investing and credit card rewards, and investment platforms to branch out into banking, speaks volumes to the appeal of apps as digital front door to a continuum of financial activities. PYMNTS Intelligence has detailed that 60% of millennials, 57%...
The four financial services companies that reported results Thursday (April 18) — KeyCorp, Truist, American Express and Fifth Third Bancorp — faced investors against a backdrop of fresh tariff headlines, stubborn inflation and a rate path that is anything but clear. Yet the collective tone was...
KeyCorp’s latest earnings results showed growth in deposits, while management pointed to momentum in payments, including commercial payments, that should prove resilient even in the face of tariff-induced macroeconomic headwinds. The presentation materials released Thursday (April 17) indicate that average commercial loans were up 0.4%...
In a quarter overshadowed by tariff discussions and global economic jitters, three of the nation’s largest financial institutions — PNC, Citigroup, and Bank of America — presented first-quarter earnings Tuesday (April 15) that pointed to both lingering uncertainties and resilient consumer spending. Analysts and investors...
Barclays is reportedly in advanced talks to sell a stake in its payments business to Brookfield Asset Management. An announcement of a deal could come this week, though no final agreement has been reached and there could be a delay, Bloomberg reported Tuesday (April 15). A spokesperson for Barclays...
European neobank Bunq is on the road to getting a banking license in the United States. The company filed for a broker-dealer license, part of a two-stage strategy to enter the American market, according to a Tuesday (April 15) news release. With this step, the...
British lenders are reportedly concerned that the Bank of England’s scrutiny of significant risk transfers (SRTs), also known as synthetic risk transfers, could slow the growth of the market. These concerns follow an April 9 letter in which the central bank said it is looking...
Wells Fargo said it is making the largest investment in talent that it has made in the 25-year history of its Technology Banking organization. The bank expanded its Wells Fargo Technology Banking team by 20% over the past year and expects to add more bankers...
