Bank of America reports 45% decline in first quarter

April 15, 2020

The coronavirus pandemic triggered a 45% decline in Bank of America's first-quarter results, causing the bank to set aside $3.6 billion for loan loss reserves…

JPMorgan Chase warns of downturn as Q1 EPS fall short

April 14, 2020

JPMorgan Chase & Co. reported first quarter earnings well below Wall Street estimates as the bank was forced to set aside billions in credit reserves amid…

PayPal and Intuit given go ahead to participate in PPP

April 14, 2020

As banks across the country continue to work with the U.S. government to distribute the $350 billion set aside to help small businesses, Financial Innovation…

Feds modify growth restriction on Wells Fargo to support small business

April 8, 2020

The Federal Reserve Board will temporarily narrowly modify the growth restriction placed on Wells Fargo in February 2020 to allow the firm to provide…

Wells Fargo hits cap on loans for SBA relief program

April 6, 2020

Small businesses banking with Wells Fargo and looking to the financial institution to help provide some of the $350 billion in emergency loans from the federal…

Fed purchase of mortgage-backed securities causes concern for brokers

March 31, 2020

As financial institutions, credit unions and ATM operators try to determine how the coronavirus will affect their businesses in the future, the Federal Reserve…

Study indicates mid-size banks are slow embracing digital delivery and automated services

March 31, 2020

HMBradley officially launches digital bank

March 30, 2020

HMBradley, a startup backed by PayPal Co-Founder Max Levchin, has officially launched its high yield digital banking platform after raising $3.5 million in…

Nymbus automates COVID-19 payroll relief for banks to small business

March 30, 2020

Nymbus will help financial institutions process paycheck protection loans from the U.S. Small Business Administration, which will allow companies to maintain…

Sony Bank launches English-language mobile app for foreign residents

March 30, 2020

Sony Bank Inc. has launched an English-language version of its online banking service, aimed at providing foreign residents in Japan a hassle free way to…

Top CA banks temporarily suspend mortgage payments due to COVID-19

March 27, 2020

Wisconsin banks and credit unions focus on service

March 24, 2020

Wells Fargo, Santander adjust branch operations, waive fees

March 23, 2020

Another round of U.S. banks are adjusting bank hours, waiving fees and offering payment extensions to help customers impacted by the coronavirus pandemic. 

Trade groups, lawmakers working to offset COVID-19 impact on business

by Pat Shea — Editor, NetworldMedia

Trade organizations and government officials are burning the midnight oil to help ATM operators and small businesses impacted by COVID-19, but owners are…

WesBanco offers help to customers and business borrowers

March 19, 2020

Fifth Third Bank defers payments, waives fees amid COVID-19

March 19, 2020

Fifth Third Bank announced a series of new measures to help personal and small business customers due to the COVID-19 outbreak. 

Chase to close 20% of branches, maintain worker pay

March 18, 2020

Chase Bank told employees that it will temporarily close 20% of its bank branches due to the COVID-19 pandemic, but will continue to pay thousands of workers…

ATMIA reschedules Canada conference until September

March 17, 2020

The ATM Industry Association has rescheduled the ATMIA Canada conference from April until September due to concerns about the COVID-19 pandemic. 

Digital banking startup One raises $17M, launches private beta test

March 17, 2020

One, a San Francisco-based digital banking startup led by former Intuit and PayPal CEO Bill Harris, announced the launch of its private beta test and a $1…

Regulators, banks plan for contingencies as customers rush for cash amid COVID-19

by David Jones — Editor, Networld Media Group

March 16, 2020

Government regulators and bank officials said they were prepared for various contingencies amid reports that consumers are making large cash withdrawals due to…