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WEB2 days ago · Read the latest on the banking & finance industries in the U.S. with award-winning analysis and in-depth reporting by American Banker.
How banks' co-brand card relationships struggle - American Banker
WEBAug 29, 2024 · Capital One's multiyear co-branding relationship with Walmart also struggled due to alleged customer service issues, according to court documents. Capital One was the exclusive issuer of Walmart cards for several years before the partnership was severed, with a federal court ruling earlier this year that Walmart could terminate the connection.
Payments Industry News & Analysis | American Banker
WEB3 days ago · Find out who lands where in the rankings for banking, watch and finance, and see the categories for our standouts, a special recognition meant to spotlight roles with heightened visibility and the exemplary female leaders who are rethinking the way forward at a critical time.
20 banks with the biggest commercial real estate loan portfolios
WEBJun 30, 2022 · The top five banks in our ranking had a combined commercial real estate portfolio of nearly half a billion dollars at the end of 2021. With several leaders growing by more than a third last year, others saw year-over-year increases of more than 120%. Scroll through to see which banks made the top 20 and how …
Most Powerful Women in Finance: No. 2, Abigail Johnson, Fidelity ...
WEBOct 5, 2022 · Speaking at Consensus 2022, Johnson explained that she wants her firm to move "as fast as we can" in order to fully accommodate the increasing demand for digital asset products.However, many near-term challenges remain. "If you think about the structure of anything that trades on the blockchain versus anything that trades through the legacy world of settlement, there is just nothing that is ...
Best Banks to Work For 2023 - American Banker
WEBNov 19, 2023 · American Banker determines the ranking in collaboration with Best Companies Group. The ranking relies on two sources of intel. The first is a survey that employees at the applicants complete that measures different areas of workplace satisfaction, such as their views on overall engagement, training and …
8 of the biggest issues facing the banking industry today
WEBMar 21, 2024 · A "series of missteps," including possible federal anti-money-laundering violations and the cancellation last year of TD's planned acquisition of First Horizon, could put pressure on TD Bank Group CEO Bharat Masrani to step down sooner rather than later, said a recent Jefferies analyst note, written by John Aiken, John Ng and Aria Samarzadeh. Mike Rizvanovic, an analyst at Keefe, Bruyette ...
American Banker Magazine
WEBThe mission of American Banker Magazine is to explore ideas. Our features, news articles, data, rankings and op-eds provide unique analysis of banking trends and strategies.
Warren Buffett inches further from banks | American Banker
WEBAug 15, 2024 · Warren Buffett's Berkshire Hathaway is trimming down its equity position as it sells shares of Capital One and Bank of America, along with long-time favorites, like Apple (though the tech company is still the firm's largest holding).The conglomerate sold off about 15% of the value of its portfolio, which totaled $280 billion in the second quarter, down from $332 billion, according to public ...
AI troubles, Mastercard layoffs: Top tech news August 2024
WEBAug 30, 2024 · Bank technology executives honored on a list of artificial intelligence leaders released in August see no letup in their companies of AI investment and effort, and are focused on practical use cases like fraud detection and personalization. Krish Swamy, chief data and analytics officer at Citizens Financial Group, expects the bank's investments in AI in 2025 and 2026 will be higher than in 2024.