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.
Citi Names Barclays Vet James Morris as UK Commercial Banking Head
Citi Names Barclays Vet James Morris as UK Commercial Banking Head
July 15, 2024  |  Personnel

Citi has a new head of commercial banking (CCB) for the United Kingdom. James Morris, a 25-year veteran of British banking giant Barclays, is expected...

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Australian Banks Refund $19 Million to Low-Income Customers
Australian Banks Refund $19 Million to Low-Income Customers
July 15, 2024  |  Bank Regulation

Banks in Australia are issuing $19 million in refunds to low-income customers. The move follows an investigation by the Australian Securities and Investment Commission, which...

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British Consumers’ Complaints About Banking Sector Rise Amid Record-High Fraud
British Consumers’ Complaints About Banking Sector Rise Amid Record-High Fraud
July 12, 2024  |  Banking

British consumers have more complaints about the banking sector across the board than they did a year ago. Complaints about the sector reached their highest...

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Trending: Banking Execs Warn House Financial Services Hearing of Regulatory ‘Ambiguity’
Trending: Banking Execs Warn House Financial Services Hearing of Regulatory ‘Ambiguity’
July 12, 2024  |  Bank Regulation

Prudent regulation is needed in helping to define the risks and rewards in emerging partnerships between financial institutions and banks — but current regulatory efforts...

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BaFin: Solaris SE Must Improve Controls or Face Financial Penalties
BaFin: Solaris SE Must Improve Controls or Face Financial Penalties
July 12, 2024  |  Bank Regulation

German financial regulator BaFin said Friday (July 12) that Solaris SE faces financial penalties if it doesn’t improve its controls. Solaris, which has a banking license in Germany...

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Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
July 12, 2024  |  Earnings

Banks today are caught between an ongoing digital shift and a challenging macro environment. With the release of Wells Fargo’s second quarter 2024 earnings on...

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JPMorgan Sees Strong Card Spend Despite ‘Weakness’ From Lower-Income Consumers
JPMorgan Sees Strong Card Spend Despite ‘Weakness’ From Lower-Income Consumers
July 12, 2024  |  Earnings

JPMorgan’s latest results, released Friday (July 12), showed that consumers continued to use their cards in full force, for both debit and credit payments. And...

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Alacriti and Lumin Digital Partner to Facilitate Loan Payments
Alacriti and Lumin Digital Partner to Facilitate Loan Payments
July 11, 2024  |  Partnerships

Alacriti and Lumin Digital partnered to enable financial institutions to offer a seamless loan payment experience. The collaboration includes the integration of Alacriti’s Orbipay loan...

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BofA Adds Transaction Search Engine to CashPro
BofA Adds Transaction Search Engine to CashPro
July 11, 2024  |  B2B Payments

Bank of America has added a transaction search engine to its CashPro banking platform. “When it comes to finding, analyzing and acting on their company’s...

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