Banking News

Are you interested in banking news? Maybe you work in the industry, have a connection to the sector, or have a financial interest through investments. Whatever your interest the Wiser daily banking news email is for you. The financial crisis of the late 2000s proved how much of an influence the banking sector has throughout society. Every person, company and institution was impacted to a greater or lesser degree, from large multi-national corporations, to hard working American homeowners, to community organizations. Even after the financial crises the assets of the five biggest banks combined are worth more than 50 percent of the US economy. Those big five banks - JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and US Bancorp - control $15.2 trillion in assets. The industry continues to consolidate so how will it look in another 10 years as regulators impose new rules? How will technology, the growth of India and China, and a changing US economy affect the sector? You will find the answers to these questions and more by staying informed of the latest banking news. And the best way to find information, news and developments about banking is through the tailored Wiser daily email.

Recent Banking News Coverage
 
Your Weekly Recommendations Wednesday, April 25, 2018
 
Recommended for you
TSB mobile and online 'up and running'
BBC
Washington Wants to Weaken Bank Rules. Not Every Regulator Agrees.
The New York Times • Peter Eavis
Citigroup Sees 1Q Surge In Mobile Banking, Beating Expectations
PYMNTS.com • Pymnts
Cryptocurrency Trading Upended in Chile as Banks Close Accounts
Bloomberg
Wells Fargo’s Earnings May Change With Potential $1B Penalty
PYMNTS.com • Pymnts
Here's why bank stocks are getting hit even after their earnings beat the Street
CNBC • Jeff Cox
Investment banking's productivity insomnia problem
Financial Times
Wells Fargo faces $1 billion fine from loan abuses
Reuters • Aparajita Saxena
UPDATE 3-Wells Fargo faces $1 billion fine from loan abuses
Reuters • Aparajita Saxena
Wells Fargo faces $1 billion fine to settle loan abuses
Reuters
 
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Banking, Finance
TSB mobile and online 'up and running'
BBC
TSB customers, hit by the bank's massive computer failure, can now access their accounts on mobile and internet platforms. But the bank has limited the number of people who can get into their accounts at any one time, because it expects a...
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Banking, Bank Regulation
Washington Wants to Weaken Bank Rules. Not Every Regulator Agrees.
The New York TimesPeter Eavis
Bank regulators are on the cusp of weakening a rule put in place to prevent the nation’s biggest banks from causing another financial crisis, marking the first significant attempt by policymakers to fulfill President Trump’s promised regulatory rollback. The effort is causing...
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Banking, Bank of America
Citigroup Sees 1Q Surge In Mobile Banking, Beating Expectations
PYMNTS.comPymnts
Amid headlines that corporate banking helped boost Citigroup profits, the firm also reported strength in its mobile and online initiatives, as evidenced by growth in consumers using bits and bytes to bank, according to earnings materials from the company. In results reported...
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Banking, Finance
Cryptocurrency Trading Upended in Chile as Banks Close Accounts
Bloomberg
Banks in South America’s wealthiest nation are turning up their noses at crypto. Chilean trading platforms Buda, Orionx and CryptoMarket are trying to find ways to continue operating in Chile after Itau Corpbanca, Bank of Nova Scotia and state-owned Banco del Estado...
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Banking, Bank of America
Wells Fargo’s Earnings May Change With Potential $1B Penalty
PYMNTS.comPymnts
As regulators seek to impose a $1 billion penalty on Wells Fargo over mortgage fees and car insurance, the bank said on Friday (April 13) that its first-quarter earnings are subject to change, The Financial Times reported. “The CFPB [Consumer Financial Protection...
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Banking, Bank of America
Here's why bank stocks are getting hit even after their earnings beat the Street
CNBCJeff Cox
Big bank earnings may have looked nice as it pertained to the headline numbers, but when investors looked deeper they didn't like what they saw. As a result, the stocks saw sizable declines in early trading Friday, despite earnings beats across the...
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Banking
Investment banking's productivity insomnia problem
Financial Times
“the only way I can think to differentiate among you”...
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Banking, Mortgages
Wells Fargo faces $1 billion fine from loan abuses
ReutersAparajita Saxena
() - Two U.S. regulators have proposed Wells Fargo & Co (WFC.N) pay $1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its first quarter results. A Wells Fargo logo...
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Banking, Mortgages
UPDATE 3-Wells Fargo faces $1 billion fine from loan abuses
ReutersAparajita Saxena
() - Two U.S. regulators have proposed Wells Fargo & Co (WFC.N) pay $1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its first quarter results. A Wells Fargo logo...
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Banking, Bank of America
Wells Fargo faces $1 billion fine to settle loan abuses
Reuters
() - Wells Fargo & Co (WFC.N) has been offered a penalty of $1 billion by regulators to resolve outstanding investigations related to auto insurance and mortgage lending abuses, the third-largest U.S. bank by assets said on Friday. A Wells Fargo logo...
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