Management ranks at banking giant HSBC could soon begin to thin. The Financial Times (FT) reported Thursday (Oct. 10) that sources familiar with the matter say new CEO Georges Elhedery plans to restructure HSBC’s senior banker level as part of a plan to save up to $300 million. Reports...
The Federal Deposit Insurance Corp.’s latest data on deposits shows just how bifurcated the banking industry is, in terms of the largest players, home to the great bulk of overall deposits here in the states. To that end, the top five institutions — ranked by...
Wells Fargo has introduced specialized application programming interfaces (APIs) tailored for its commercial banking clients. “Our new APIs provide clients real-time, on-demand information so they can efficiently and seamlessly manage inventory, supply chain, and payments,” Daniel Pfeiffer, the bank’s head of receivables, trade and inventory finance, said...
The payments landscape is a global one, meaning winning innovations have boundless room to scale. It also means that geographical positioning can help with strategically driving forward various innovations. “The Middle East has always been a very unique trade corridor, placed right in the middle...
September 23, 2024
The Federal Deposit Insurance Corp.’s latest data on deposits shows just how bifurcated the banking industry is, in terms of the largest players, home to the great bulk of overall deposits here in the states. To that end, the top five institutions — ranked by the FDIC based on domestic deposit concentration — hold a […]
July 23, 2024
The payments landscape is a global one, meaning winning innovations have boundless room to scale. It also means that geographical positioning can help with strategically driving forward various innovations. “The...
November 18, 2022
Sam Yen, chief innovation officer for Commercial Banking at JPMorgan Chase, said a simple mindset should guide financial intuitions and other providers striving to innovate B2B payments for their business...
July 15, 2022
The banking industry is undergoing a pandemic-fueled digital transformation that is reshaping how businesses of all sizes operate. The global health crisis forced companies to embrace digital channels in record...
November 07, 2024
Double commercial property loan defaults are at their highest point in 10 years. And as the Financial Times (FT) reported Thursday (Nov. 7), this situation has raised worries that a lending practice known as “extend and pretending” is masking an increasing system risk. “They are kicking the can down the road,” Ivan Cilik, a principal […]
October 10, 2024
Management ranks at banking giant HSBC could soon begin to thin. The Financial Times (FT) reported Thursday (Oct. 10) that sources familiar with the matter say new CEO Georges Elhedery plans to restructure HSBC’s...
September 17, 2024
Wells Fargo has introduced specialized application programming interfaces (APIs) tailored for its commercial banking clients. “Our new APIs provide clients real-time, on-demand information so they can efficiently and seamlessly manage inventory,...
July 18, 2024
Lloyds Bank and Oaktree Capital Management have teamed to support U.K. “middle-market sponsor-backed borrowers.” The collaboration, announced Thursday (July 18), will see Lloyds’ structured debt finance team work with Oaktree’s...
