Banking News and Analysis | Banking Dive
Goldman names 95 new partners, most since 2010. The bank touted the diversity of its new class, which included 26 women. But that’s 27%, short of 29% from two years ago. About 4% of new partners are Black, less than half the 9% from 2022.
The banking industry outlook on 2024: The year of wait-and-see
Jan 30, 2024 · Banking Dive looks at nine of the most critical opinions regarding the rule. But 2024’s regulatory landscape hardly ends there. Regulators have begun the year at a torrid clip. The OCC suggested doing away with a hastened version of bank merger review.. The Consumer Financial Protection Bureau floated a proposal that could cut overdraft fees as low as $3.
CFPB issues final rule on open banking | Banking Dive
Oct 22, 2024 · The Consumer Financial Protection Bureau on Tuesday issued its long-awaited final rule on open banking — with a major tweak. The rule would require financial institutions, credit card issuers and other firms to transfer personal financial data to other providers for free at the consumer’s request. But while last year’s proposal applied to ...
Banking Technology News | Banking Dive
Nov 4, 2024 · Payments players tap M&A to build tech stacks. The Fed’s recent interest rate cut could spur even more deal-making in the remaining months of the year and into 2025. Mastercard, Global Payments and Payoneer are among the companies that have bought businesses this year. By Shefali Kapadia • Oct. 16, 2024.
Fintech News - Banking Dive
Nov 6, 2024 · FTX bankruptcy plan would give ex-customers an extra 19%. Creditors will receive up to $16.5 billion, nearly two years after their funds were frozen by the crypto firm’s shocking bankruptcy, according to a plan approved by a judge Monday. By …
Deep Dive - Banking Dive
Jan 10, 2024 · Banking-as-a-service grows as regulators play catch-up. The BaaS space is expected to reach $74.55 billion by 2030, and has emerged as an enticing revenue stream for community banks. Meanwhile, the OCC has hinted more regulation is forthcoming. Anna Hrushka • …
Chase study highlights growing popularity of digital banking
Aug 5, 2021 · Mobile banking is a big draw. Last December, Chase carried out another Digital Banking Attitudes Study, which surveyed 1,500 consumers. Among that group, only half labeled Chase’s mobile app a “must have.”. But in 2021, 89% of respondents used mobile apps to deposit money, including 52% of the baby boomers surveyed.
Retail Banking News | Banking Dive
Nov 6, 2024 · The JPMorgan CEO largely dismissed the idea of serving in the next presidential administration, but he said, “I don’t make promises.”. Wells Fargo’s CEO, meanwhile, said work on the bank’s AML issues is well underway. By Caitlin Mullen • Oct. 11, 2024. The latest retail banking news for banking industry professionals.
Commercial Banking News | Banking Dive
2 days ago · NYCB postpones profitability goal to 2026. The embattled bank recorded a $280 million loss for the third quarter and said it expected to post a loss for 2025, while whittling its profit forecast to 75 cents to 80 cents per share rather than …
Banking Risk News | Banking Dive
Oct 30, 2024 · NYCB postpones profitability goal to 2026. The embattled bank recorded a $280 million loss for the third quarter and said it expected to post a loss for 2025, while whittling its profit forecast to 75 cents to 80 cents per share rather than $1.25. By Caitlin Mullen • Oct. 25, 2024. Access now .