The former chair of the FDIC is looking for signs of weakness in regional bank earnings. “I’m worried about a handful of them,” Sheila Bair, who headed the Federal Deposit Insurance Corp. during the financial crisis of 2008, said in an interview with CNBC Tuesday (April 16). “I think some...
When it comes to issuing credit cards, national banks continue to dominate the field, and — thanks to their massive scale, extensive customer base and seemingly unlimited opportunities to cross-sell — it is unlikely they will surrender that market dominance anytime soon. Yet, PYMNTS Intelligence...
As the country’s banking giants expand, some consumers are looking for smaller alternatives. It’s a trend at the center of a Tuesday (March 5) Wall Street Journal (WSJ) report, which says that these banking customers have found that switching to community lenders and credit unions offers a...
National banks dominate the consumer credit space. Still, credit unions and community banks are becoming an increasingly popular choice for issuing credit cards. The share of consumers with a CU or community bank card as their primary card rose from 8.3% in 2020 to 13%...
April 29, 2024
According to PYMNTS Intelligence, credit unions (CUs) and community banks continue to gain traction in the consumer credit card space. As we found in researching “Credit Unions and Community Banks Gain Credit Card Issuing Momentum,” a collaboration with Elan Credit Card, where once 76% of consumers turned to national banks to issue their primary credit […]
November 21, 2023
National banks dominate the consumer credit space. Still, credit unions and community banks are becoming an increasingly popular choice for issuing credit cards. The share of consumers with a CU...
April 04, 2023
As the media, FinTechs and the banking sector reel from high-profile bank meltdowns, it’s shining a light on the credit union and community banking sectors, and how some companies are...
March 21, 2022
As the pandemic ebbs, as branches reopen and omnichannel banking becomes the norm, community banks must beware a looming threat. The rock in the shoe — the frictions that cause...
April 17, 2024
The former chair of the FDIC is looking for signs of weakness in regional bank earnings. “I’m worried about a handful of them,” Sheila Bair, who headed the Federal Deposit Insurance Corp. during the financial crisis of 2008, said in an interview with CNBC Tuesday (April 16). “I think some of them are still overly reliant on industry deposits, have […]
March 05, 2024
As the country’s banking giants expand, some consumers are looking for smaller alternatives. It’s a trend at the center of a Tuesday (March 5) Wall Street Journal (WSJ) report, which...
April 10, 2023
Citizens Financial Services’ previously announced acquisition of HV Bancorp has received requisite regulatory approvals. The acquisition, which was announced in October and was subject to approvals, is now expected to...
March 06, 2023
Banks are raising their deposit rates to woo back consumers from higher-yield alternatives. A move to things like Treasury bills and money market funds has seen commercial bank deposits fall...
