Bank / Credit Union News & Media
Customers may be out of sight, but not out of mind
by Pat Shea — Editor, NetworldMedia
What's your marketing messaging during the coronavirus pandemic? Understanding your customer's needs and how to get your message to resonate with them can…
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Wells Fargo, JPMorgan among banks being sued over SBA loans
April 21, 2020
Small businesses affected by the coronavirus are suing Wells Fargo & Co., Bank of America Corp., JPMorgan Chase & Co. and US Bancorp. The lawsuit…
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Remote account opening solution launches early for PPP applicants
April 17, 2020
Fenergo, a provider of digital solutions for financial institutions, announced an early launch of its remote account opening solution. The launch of the…
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ICICI Bank deploys mobile ATM vans in Mumbai
April 17, 2020
ICICI Bank of India, working with government authorities, has deployed two mobile ATM vans stopping in several areas in Mumbai. The van allows residents in…
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SBA runs out of COVID-19 relief money; lawmakers fight over refunding
by Elliot Maras — Editor, Kiosk Marketplace & Vending Times
Two Small Business Administration programs designed to help businesses weather the pandemic — the Paycheck Protection Program and the Economic Injury Disaster…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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.
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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…
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