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.
HSBC Promotes CFO Georges Elhedery to Chief Exec
HSBC Promotes CFO Georges Elhedery to Chief Exec
July 17, 2024  |  Personnel

British multinational banking group HSBC has a new chief executive officer. Georges Elhedery, who became HSBC’s chief financial officer (CFO) last year, will move into...

READ MORE >
Will Supreme Court Rulings Keep Federal Regulators in Court?
Will Supreme Court Rulings Keep Federal Regulators in Court?
July 17, 2024  |  Legal

When the U.S. Supreme Court overturned its own 40-year-old ruling in the LoperBright Enterprises v. Raimondo case on June 28 — in what has come...

READ MORE >
PNC: Commercial Real Estate Drives 8% Rise in Net Loan Charge-Offs
PNC: Commercial Real Estate Drives 8% Rise in Net Loan Charge-Offs
July 16, 2024  |  Earnings

PNC Financial Services Group saw expected increases in total nonperforming loans and net loan charge-offs in the second quarter. The increases were primarily due to...

READ MORE >
Bank of America: Consumers Still Have Borrowing Power Left on Their Credit Cards
Bank of America: Consumers Still Have Borrowing Power Left on Their Credit Cards
July 16, 2024  |  Earnings

For Bank of America, digital channels have represented avenues of continued growth, making inroads with credit card spending in particular. According to management, there’s still...

READ MORE >
Big Bank Earnings Show Mixed Signals on Consumer Credit Health
Big Bank Earnings Show Mixed Signals on Consumer Credit Health
July 15, 2024  |  Earnings

Get enough data points in place, and you have a trend. As bank earnings have started to roll in — thus far, from JPMorgan, Wells...

READ MORE >
What We’ve Learned Tracking the 100 Connected Economy Leaders Since 2022
What We’ve Learned Tracking the 100 Connected Economy Leaders Since 2022
July 15, 2024  |  Connected Economy

The Connected Economy (CE) 100 Stock Index was launched in February 2022. It was introduced as an equity index of 100 publicly traded companies across 11...

READ MORE >
Lloyds Reportedly Puts Brakes on Staff Travel
Lloyds Reportedly Puts Brakes on Staff Travel
July 15, 2024  |  Banking

Lloyds is reportedly telling staff to reduce their use of taxis and business class flights. It’s part of the British banking giant’s attempt to cut...

READ MORE >
Boutique Investment Bank Ardea Reportedly Eyes UK Expansion
Boutique Investment Bank Ardea Reportedly Eyes UK Expansion
July 15, 2024  |  Banking

Boutique investment bank Ardea Partners is reportedly planning to expand in the U.K. As the Financial Times (FT) reported Monday (July 15), the New York-based...

READ MORE >
Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With Credit Performance
Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With Credit Performance
July 15, 2024  |  Earnings

Goldman Sachs’ GreenSky sale is in the rearview mirror and its pivot from Main Street banking is ongoing. Its latest earnings results, released Monday (July...

READ MORE >