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 Tuesday, May 23, 2017
 
Recommended for you
F.N.B. Corp. upgraded to overweight from neutral at J.P. Morgan
MarketWatch
Paytm Launches Payments Bank To Serve The Underserved In India
PYMNTS.com • Pymnts
Icra downgrades IDBI Bank's debt instruments; rating on watch
The Economic Times of India • Pti
Sage Announces First Bank Feeds Partner
PYMNTS.com • Pymnts
Paytm's bank to open doors today
The Economic Times of India • E.T. Bureau
Bank of India narrows losses; CEO says focus on recovering bad loans
The Economic Times of India
New ‘Borderless’ Accounts From TransferWise Make It Easier To Bank Overseas
Fortune Magazine • Jeff John Roberts
TransferWise to offer cross-border bank accounts
Financial Times
TransferWise launches ‘Borderless’ banking account for businesses, sole traders and freelancers
TechCrunch • Steve O'Hear
Citigroup to pay nearly $100 million to settle Banamex money-laundering claims
Los Angeles Times • Laurence Darmiento
 
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Banking, Commercial Banking
F.N.B. Corp. upgraded to overweight from neutral at J.P. Morgan
MarketWatch
F.N.B. Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. The Community Banking segment involves in providing services offered by commercial banks, including...
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Banking, Finance
Paytm Launches Payments Bank To Serve The Underserved In India
PYMNTS.comPymnts
The payments bank operates 31 branches and 3,000 customer points in its first year, the company noted in a release. Payments banks can take deposits but cannot make loans. Paytm’s bank will offer an interest of 4 percent a year on savings...
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Banking
Icra downgrades IDBI Bank's debt instruments; rating on watch
The Economic Times of IndiaPti
MUMBAI: Domestic rating agency IcraBSE -1.37 % today said it has downgraded various debt instruments of state-run IDBI BankBSE -1.21 % on the back of weak profitability and deteriorating asset quality, which have resulted in erosion of its capital. The agency has...
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Banking, Finance
Sage Announces First Bank Feeds Partner
PYMNTS.comPymnts
Accounting software company Sage is acting on U.K. tax reform in an effort to help SMEs ease into the transition of going digital. The company said Monday (May 22) that it is working with Cashplus to help small businesses prepare for the...
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Banking, Credit Cards
Paytm's bank to open doors today
The Economic Times of IndiaE.T. Bureau
BENGALURU: Paytm Payments Bank will become operational starting Tuesday, and will expand to 31 branches and 3,000 customer service points in the first year, the company said. The bank will also offer a cashback of Rs 250 to customers depositing Rs 25,000...
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Banking
Bank of India narrows losses; CEO says focus on recovering bad loans
The Economic Times of India
Bank of India’s newly appointed chief executive said his priority will be to turn around the staterun bank that has reported losses for two consecutive years. Shares of the bank fell 11 per cent to Rs 158.45 Monday on the BSE, even...
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Banking, Currencies
New ‘Borderless’ Accounts From TransferWise Make It Easier To Bank Overseas
Fortune MagazineJeff John Roberts
Banking across borders used to be an expensive pain in the neck until TransferWise found a better way to do it. The London-based startup matches users in one country who want to move money abroad with counterparts in another who want to...
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Banking, FinTech
TransferWise to offer cross-border bank accounts
Financial Times
British fintech firm will hold money on deposit across the UK, Europe and US
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Banking, Commercial Banking
TransferWise launches ‘Borderless’ banking account for businesses, sole traders and freelancers
TechCrunchSteve O'Hear
Having already taken a significant chunk of the international money transfer market away from the major banks, London-headquartered TransferWise has its sights set on the bank account itself. Moving beyond simply sending money from one country to another, the company is launching...
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Bank of America, Banking
Citigroup to pay nearly $100 million to settle Banamex money-laundering claims
Los Angeles TimesLaurence Darmiento
Citigroup has agreed to pay nearly $100 million to federal authorities to settle claims that a lack of internal controls at the bank's Banamex subsidiary may have allowed customers to launder money sent to Mexico. The Justice Department announced Monday that the...
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