Bank / Credit Union News & Media
U.S. Bank to close 400 branches, reports robust digital engagement
October 20, 2020
U.S. Bank will close 400 branches by early next year, an announcement that coincides with the bank's Q3 2020 earnings report.
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First National Bank & Trust to close all bank lobbies again
October 20, 2020
Without specifically mentioning the state's recent surge in coronavirus cases, Michigan-based First National Bank & Trust has closed the bank lobbies at…
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European banks set for better earnings season
October 19, 2020
European banks are gearing up to report third-quarter earnings and analysts are expecting reductions in loan loss provisions to drive stabilization.
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Creating cash agad partners helps unbanked in the Philippines
October 19, 2020
Cash Agad is a service provided by the Philippine bank, BDO, to give those in rural, far flung or unbanked communities access to banking and ATMs, according to…
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India's white label ATMs may face closure in rural areas
October 16, 2020
White label ATM operators in Mumbai may be forced to close down ATMs, which are predominantly deployed in semi-urban and rural areas, due to restrictions…
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Using AI to find credit-worthy bank customers
by Peter Barcak — CEO & Co-Founder, CredoLab@ PVT LTD
For the unbanked, being able to establish credit is almost unattainable. The unfortunate scenario is many of those classified as a bad risk could be among some…
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Bank of America misses on third-quarter revenue
October 15, 2020
Bank of America shares fell Wednesday after the bank posted third-quarter results that missed on revenue, according to a report in CNBC.
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Citigroup earnings top street estimates
October 15, 2020
Citigroup released its third-quarter earning results this week and they results were better than analysts expected, according to a report in CNBC.
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JP Morgan Chase revenue ahead of analysts' estimates
October 15, 2020
JPMorgan reported a 30% jump in trading activity for the third-quarter, considered the result of markets' continued volatility, which lifted the bank's revenue…
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UK Treasury explores future of cash
October 15, 2020
The U.K. Treasury is launching a six-week "call for evidence" on ideas and feedback regarding what the impact would be on communities if the U.K. went cashless…
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Fintech to install kiosks that exchange cash for prepaid Mastercard
October 15, 2020
XTM, a Toronto-based fintech company in the challenger banking space that provides mobile banking and payment solutions, will be installing…
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Wells Fargo earnings fall short of estimates
October 14, 2020
Wells Fargo reported disappointing earnings for the third quarter as low rates put pressure on the bank's net interest income, according to a report in CNBC.
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Germany banks brace for post-pandemic bankruptcies
October 14, 2020
With Europe's economy struggling due to the pandemic, Germany's central bank is taking steps to warn all banks to brace for a potential wave of insolvencies…
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COVID-19 survives 28 days on money, ATM screens, mobile phones, claims study
October 12, 2020
The novel coronavirus can survive for 28 days on banknotes, glass, grab handles, rails, mobile phone screens and plastic banknotes at room temperature or 2…
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Bank of America to offer short-term loans for $5
October 9, 2020
Bank of America will roll out a short-term loan program for customers in need of quick cash beginning January, 2021. The program, called Balance Assist, will…
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Deutsche Bank system gives early warnings for settlement fails
October 9, 2020
Deutsche Bank has introduced technology from Elastic that will provide clients with an early warning of likely settlement delays for in-flight transactions…
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Nigerian Senate to investigate excessive charges to customers
October 8, 2020
Following numerous complaints by Nigerians that they were constantly being overcharged bank fees, the Nigerian Senate has launched an investigation and…
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Danske Bank to cut 16,000 jobs
October 8, 2020
Denmark's Danske Bank will slash up to 16,000 jobs within the next 6 to 12 months as part of a cost-reduction program that will extend until 2023, according to…
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Investigation for US Bancorp and US Bank National Association data breach continues
October 7, 2020
Houston-based Emerson Firm PLLC, will be continuing its investigation regarding a data breach at U.S. Bancorp and U.S. Bank National Association (collectively…
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German banking network pilots entertainment, banking kiosks
October 6, 2020
Volksbanken Raiffeisenbanken, a cooperative financial network in Germany, has deployed self-service terminal kiosks in 23 locations throughout Germany to…
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