consumer banking

US Bank Exec Retirement Triggers Big Reorg
US Bank Exec Retirement Triggers Big Reorg
September 06, 2018  |  Personnel

U.S. Bank announced that John Elmore, vice chairman of Community Banking & Branch Delivery, will retire, which has led to a major reorganization at the...

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Chinese Consumers Turn To Bank Deposits For Financial Security
Chinese Consumers Turn To Bank Deposits For Financial Security
September 06, 2018  |  Banking

More Chinese consumers are choosing to deposit their money into traditional banks as they turn away from higher-yielding assets in favor of financial security. According...

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FCA Rolls Out Rules To Help Consumers Make Better Financial Services Decisions
FCA Rolls Out Rules To Help Consumers Make Better Financial Services Decisions
August 16, 2018  |  Regulation

The Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) announced on Thursday (Aug. 16) that consumers and small businesses will have better...

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Citigroup’s Jud Linville To Leave As Part Of Executive Reshuffling
Citigroup’s Jud Linville To Leave As Part Of Executive Reshuffling
August 13, 2018  |  Banking

Citigroup announced Monday (Aug. 13) that Jud Linville, CEO of global cards and consumer services, will leave the bank as part of executive reshuffling. According...

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Legislation Would Ban Banks From Overdraft Fees On Debit, ATM Transactions
Legislation Would Ban Banks From Overdraft Fees On Debit, ATM Transactions
August 03, 2018  |  Banking

Sen. Cory Booker has proposed legislation that would prohibit financial institutions from charging overdraft fees on debit card transactions and ATM withdrawals. The bill would...

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Wells Fargo Refunding Customers For Add-On Products
Wells Fargo Refunding Customers For Add-On Products
July 19, 2018  |  Banking

Wells Fargo, the embattled national bank, is reportedly refunding tens of millions of dollars for a range of products, including pet insurance and legal services....

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Bank Of America Earmarks $500M In Tech Spend As Mobile Use, Zelle Soar
Bank Of America Earmarks $500M In Tech Spend As Mobile Use, Zelle Soar
July 16, 2018  |  Earnings

Continuing the recent string of earnings from big banks – a string that kicks off earnings season per tradition – Bank of America said loan...

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Personal Loans Are The Fastest-Growing Lending Category
Personal Loans Are The Fastest-Growing Lending Category
July 04, 2018  |  Loans

As a consumer lending category with the fastest growth, outstanding balances for personal loans jumped by about 18 percent to $120 billion in the first...

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Citizens Financial To Launch Online Consumer Bank
Citizens Financial To Launch Online Consumer Bank
May 14, 2018  |  Banking

Citizens Financial Group announced on Monday (May 14) plans to launch Citizens Access, a nationwide direct-to-consumer online bank. In a press release, Citizens Financial said the...

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