Browsing: banking

The Consumer Financial Protection Bureau is embarking on a new open banking proposal that pits banks against fintechs and underscores the difficulty of crafting a rule…

By Christine Dobby (Bloomberg) — Bank of Nova Scotia is cutting jobs across its Canadian banking division as part of the firm’s effort to boost long-term…

Despite worries over bad loans at midsize U.S. banks, there’s little evidence of a systemic problem, according to a senior analyst at Moody’s Ratings.Marc Pinto, the…

Key insight: Embedded payments have grown in recent years. Look forward: It’s a goal that’s existed for years, inspired by ride-sharing apps like Uber that allow…

Key insight: Citizens Financial has a new head of commercial banking, following an announcement that one of its most senior leaders plans to retire next year.What’s…

Walmart-backed OnePay offers credit and debit cards, high-yield savings accounts, buy now, pay later loans and a digital wallet with peer-to-peer payments.Photo obtained from OnePay websiteOnePay,…

Key Insight: Recruitment processes at investment banks have shifted earlier, often beginning during college students’ sophomore year.What’s at Stake: The intense competition for young talent has…

By Christine Dobby and Chunzi Xu (Bloomberg) — Canadian Imperial Bank of Commerce appointed Mike Freeborn and Alfred Traboulsi co-heads of global corporate and investment banking.…

What’s at Stake: Banks and payment companies are among the top users of H-1B visas. Supporting Data: A $100,000 petition fee could cut the number of applicants,…

Agentic AI is almost certain to upend banks’ traditional business models. Early adopters may be able to grab an advantage, while laggards will be fighting over…