Banks plan layoffs as costs emerge and crisis ends

August 31, 2020

During the peak of the pandemic, several top executives at U.S. banks, including Morgan Stanley and Bank of America, pledged not to cut jobs in 2020 because, …

Midland States Bancorp sells commercial FHA platform, retains servicing business

August 31, 2020

Midland States Bancorp, Inc. has completed the sale of its commercial FHA origination platform to Dwight Capital, a New York-based mortgage banking firm.

Black-led bank merge creates $1B institution

August 28, 2020

Black-led City First Bank and Broadway Federal Bank have recently merged, creating the largest minority-owned depository institution in the U.S. with assets in…

Brazil's BV bank resumes IPO process

August 28, 2020

Brazil's Banco Votorantim has relaunched its plan to list on the São Paulo stock exchange through an initial offer of stock after halting the process in March…

Mexico's Banco Famsa collapses

August 28, 2020

Mexico's National Banking and Securities Commission has received criticism for being too slow in responding to applications from new financial institutions as…

Michigan credit union executes digital push for members

August 28, 2020

Wildfire Credit Union, based in Saginaw, Michigan, announced its move into a 'digital-first' approach for members with the selection of Backbase, an…

Citi claims defective software caused $9 million error

August 27, 2020

Citigroup is working hard to recover funds recently sent in error to creditors of cosmetics company Revlon. Citi already has multiple lawsuits to require…

CBA launches high-speed lending option for SMEs

August 27, 2020

The Commonwealth Bank of Australia has launched BizExpress Online, a high-speed lending system for small businesses, available through Netbank and the CommBank…

Credit Suisse closing 37 branches in streamlineing effort

August 26, 2020

Swiss bank Credit Suisse plans to close 37 branches and cut jobs in its home country of Switzerland as part of an effort to streamline its business.

Egypt’s Banque Misr to deploy ATMs at subway stations

August 26, 2020

Egypt's Banque Misr has signed an agreement with the Egyptian Metro Management and Operation company to deploy its ATM machines at all subway stations.

Pandemic to test Bank of Canada’s inflation expectations

August 26, 2020

The economic fallout from the COVID-19 pandemic will determine Canadians' faith in the Bank of Canada's ability to keep to a 2% inflation target, according to…

Cash or cashless: The flaws in today’s payments debate

Cash and digital payments don’t have to be mutually exclusive; this is not a zero-sum game as the two payment options can exist together.

JPMorgan, postal service discussions ingnite ICBA to demand transparency

August 25, 2020

The Independent Community Bankers of America is asking for an investigation regarding reports the U.S. Postal Service is mulling an exclusive agreement with…

Town Square creating brand identity for Armaguard ATM network

August 25, 2020

Town Square, a full-service advertising agency in Melbourne, Australia, is creating a brand identity for the introduction of the Armaguard Group's ATM network.

SBI introduces doorstep ATM service

August 25, 2020

The State Bank of India is debuting a mobile facility it's calling "the doorstep ATM" to service customers at home, especially the elderly and those with…

Charlotte bank retires brand, gets new name

August 24, 2020

The NewDominion Bank brand, once a popular community bank in Charlotte, North Carolina, has changed its name, and related signage, to Park National brand, the…

First Midwest Bancorp declares dividends

August 24, 2020

First Midwest Bancorp, Inc.'s board of directors has declared a quarterly cash dividend of $0.14 per share on the bank's common stock payable on October 6…

#NewNormal: Reshaping Banking in the Post-Covid Era

The current pandemic’s impact on individuals and organisations within the banking sector is ever evolving. It has been predicted that the economic environment…

Got sanitizing products?

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

Sanitization and safety are key for banks and ATM operators as they face creating extensive and comprehensive cleaning and disinfecting routines to keep the…

TD Bank to pay $122M in CFPB settlement

August 21, 2020

TD Bank is being ordered to pay $97 million in restitution to approximately 1.42 million consumers, as well as a $25 million civil penalty to the Consumer…