consumer banking

Goldman Execs Battled Over End of Retail Banking, Report Says
Goldman Execs Battled Over End of Retail Banking, Report Says
October 23, 2022  |  Banking

A decision last week by Goldman Sachs to fold its consumer banking unit Marcus into other operations was the subject of conflict between CEO David...

READ MORE >
Goldman’s Ability to Absorb Losses at Marcus Unit Keeps Neobanks on Edge
Goldman’s Ability to Absorb Losses at Marcus Unit Keeps Neobanks on Edge
June 28, 2022  |  Digital-First Banking

There’s an old saying in the newspaper business: Never argue with someone who buys ink by the barrel. The implication of that statement is that...

READ MORE >
Monzo Launches New Premium Consumer Banking Accounts
Monzo Launches New Premium Consumer Banking Accounts
July 16, 2020  |  Digital Banking

U.K. digital bank Monzo is taking another crack at offering premium online consumer banking accounts with features designed to help account holders create — and...

READ MORE >
Truist Sets Aside $844M For Bad Loans Amid Weak Q2 Consumer Business
Truist Sets Aside $844M For Bad Loans Amid Weak Q2 Consumer Business
July 16, 2020  |  Earnings

Charlotte, North Carolina-based Truist Financial Corp. on Thursday (July 16) became the latest bank to report some good news in its second-quarter results, but there...

READ MORE >
JPMorgan Q2 Chase Credit Card Volume Plunges 23 Pct
JPMorgan Q2 Chase Credit Card Volume Plunges 23 Pct
July 14, 2020  |  Earnings

J.P. Morgan Chase – America’s biggest bank in asset terms – on Tuesday (July 14) became one of the first financial firms to show how...

READ MORE >
Wells Fargo To Offer Bank Accounts With Capped Overdraft Fees
Wells Fargo To Offer Bank Accounts With Capped Overdraft Fees
March 03, 2020  |  Banking

Ahead of its scheduled congressional hearings in the coming week, Wells Fargo & Co. debuted the concept of two new bank accounts that set limits on the...

READ MORE >
SilverCloud On How FIs Can Offer SMBs A ‘Consumer’ Banking Experience
SilverCloud On How FIs Can Offer SMBs A ‘Consumer’ Banking Experience
February 14, 2020  |  B2B Payments

Customer service is the lifeblood of financial services, just as much as credit cards, debit cards and checking accounts. But as banking becomes ever-more mobile,...

READ MORE >
Gallup: Credit Unions Feel The Love
Gallup: Credit Unions Feel The Love
January 31, 2020  |  Credit Unions

The notion that credit unions (CUs) play country mouse to their more worldly banking cousins is beyond flawed, as a recent poll by the Gallup...

READ MORE >
Goldman Targets $125B In Consumer Deposit Balances In Five Years
Goldman Targets $125B In Consumer Deposit Balances In Five Years
January 29, 2020  |  Banking

Amid the targets for return on equity in the investment banking business, Goldman’s first Investor Day in the wake of a revamped operating structure placed...

READ MORE >