PYMNTS-MonitorEdge-May-2024

banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

FDIC to Banks: Work With Borrowers Impacted by Hurricane Milton
FDIC to Banks: Work With Borrowers Impacted by Hurricane Milton
October 15, 2024  |  Bank Regulation

Federal regulators are encouraging banks and financial institutions to work with borrowers impacted by Hurricane Milton. The Federal Deposit Insurance Corp. (FDIC) and other agencies...

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Citigroup CEO Sees ‘Surprisingly Resilient’ Global Consumer Spending
Citigroup CEO Sees ‘Surprisingly Resilient’ Global Consumer Spending
October 15, 2024  |  Earnings

Citigroup’s earnings Tuesday (Oct. 15) echo the sentiment of other banks that have reported in the past few days: Investment banking and trading revenues were...

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Bank of America CEO: Consumer Spending Results ‘Bodes Well’ For Economic Outlook
Bank of America CEO: Consumer Spending Results ‘Bodes Well’ For Economic Outlook
October 15, 2024  |  Earnings

Interest rate cuts might have been on the mind of the Wall St. analysts gathered for the Bank of America third-quarter earnings call today (Oct....

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PNC Expects Loan Growth After Fed’s Rate Cut
PNC Expects Loan Growth After Fed’s Rate Cut
October 15, 2024  |  Earnings

PNC Financial Services Group said Tuesday (Oct. 15) that it is prepared for lending to pick up after the Federal Reserve cut interest rates in...

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As Consumer Banking Retreats, Goldman Eyes Deeper Dive Into Corporate Markets
As Consumer Banking Retreats, Goldman Eyes Deeper Dive Into Corporate Markets
October 15, 2024  |  Earnings

As is always the case when Wall Street heavy hitters weigh in with earnings, the markets and financial trade publications parse the data and management...

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Amount Targets ‘Deposit Drift’ With Account Opening Platform
Amount Targets ‘Deposit Drift’ With Account Opening Platform
October 15, 2024  |  Banking

Banking technology firm Amount has introduced its unified account opening and loan origination platform. The new solution is designed to help banks and credit unions reduce costs,...

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61% of Millennials Want Real-Time Payments in Finance and Insurance
61% of Millennials Want Real-Time Payments in Finance and Insurance
October 15, 2024  |  Real-Time Payments

As the financial and insurance sectors evolve, the demand for swift and accurate payment systems has never been more pronounced. Legacy systems often need to...

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Deutsche Bank Debuts Correspondent Banking Solution dbX
Deutsche Bank Debuts Correspondent Banking Solution dbX
October 14, 2024  |  Banking

Deutsche Bank has debuted a suite of correspondent banking solutions for its clients. Announced Monday (Oct. 14) by the banking giant’s institutional cash and trade arm,...

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Bank of America Merges FinTech and Technology Investment Banking Teams
Bank of America Merges FinTech and Technology Investment Banking Teams
October 14, 2024  |  Banking

Bank of America has merged its FinTech and technology investment banking teams. The 50 bankers in its FinTech team will join the 200 in its...

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