All articles
- U.S. Economy Shrinks for Second Consecutive Quarter
By: Ken Chase. The Bureau of Economic Analysis confirmed many Americans’ fears on Thursday, reporting that the U.S. gross domestic product fell by 0.9 percent…
- Capital One CEO Signals Slight Pullback in Auto Loans As Competitors Work to Maintain Low Interest Rates
By: Ken Chase. While most major banks across the United States have raised their loan rates to adjust for recent Federal Reserve interest rate increases,…
- Citi Ramps Up Tech Spending, Accelerating Its Transformation Plans
By: Ken Chase. Citi’s focus on transforming its business processes and services saw the firm increase its technology spending by 14 percent in the second…
- In Op-Ed, Goldman Sachs SEO Calls on Congress to Reform SBA to Help Small Businesses
By: Ken Chase. In a July 20 op-ed on the CNBC…
- JPMorgan Chase CEO Suggests Warning Signs Ahead for U.S and Global Economy
By: Ken Chase. Jamie Dimon, CEO of banking giant JPMorgan Chase, offered his latest assessment of the U.S. economy this week, as part of the company’s most…
- Cannabis-Related SAFE Banking Act Passes in U.S. House as Amendment to 2023 NDAA Defense Bill
By: Ken Chase. The U.S. House of Representatives passed the Secure and Fair Enforcement SAFE Banking Act on July 14, after it was added as an amendment to the…
- CFPB and OCC Fine BoA $225 Million for Pandemic Era Unemployment Benefit Disbursement Failures
By: Ken Chase. The Consumer Financial Protection Bureau CFPB and Office of the Comptroller of the Currency OCC levied fines against Bank of America this week…
- BIG BANKS IN THE US ARE WELL POSITIONED TO WEATHER A POTENTIAL RECESSION
By: Ken Chase . When the Federal Reserve announced the results of its annual bank stress tests in June, confirming that large U.S. banks have the capital…
- 2022 Fed Stress Test Found Large Banks in U.S. Well-Positioned to Weather Potential Recession
When the Federal Reserve announced the results of its annual bank stress tests in June, confirming that large U.S. banks have the capital reserves necessary to…
- New Atlanta Fed Data Suggests Economy May Already Be in Recession
By: Ken Chase. For weeks, U.S. administration officials have insisted that a recession was “not inevitable,” in response to growing concerns that the reported…
- Wells Fargo CEO: U.S. Economy Not Prepared for Coming Fed Interest Hikes
By: Ken Chase. With Federal Reserve Chairman Jerome Powell declaring last week that the Fed will not allow inflation to become a long-term problem in the U.S.,…
- Canada’s VersaBank Makes Bid to Acquire U.S. Bank Charter with Purchase of MN Bank Branch
By: Ken Chase. Ontario-based Canadian bank VersaBank has announced…
- Fed Boosts Benchmark Interest Rate by 0.75%, Signals More Aggressive Campaign to Combat Inflation
By: Ken Chase. As many analysts predicted, the U.S. Federal Reserve ramped up its efforts to rein in persistently high inflation by increasing its benchmark…
- SEC Investigating Goldman Sachs ESG Mutual Funds
By: Ken Chase. The U.S. Securities and Exchange Commission SEC is reportedly investigating the asset management arm of banking giant Goldman Sachs as part of…
- Biden Pick for Fed Banking Supervision Role One Step Closer to Senate Confirmation
By: Ken Chase. The Senate Banking Committee voted 17-7 on Wednesday afternoon to approve President Joe Biden’s nomination of Michael Barr to serve as the vice…
- Capital One Launches Enterprise B2B Software Business
By: Ken Chase. In a press release this week, Capital One Financial Corp. unveiled its new enterprise B2B software company, Capital One Software. The new…
- Senate Banking Cmte Chair Calls on Wells Fargo to Finally Fix Long-standing Problems
By: Ken Chase. Senate Banking Committee Chair Sherrod Brown this week urged Wells Fargo CEO Charles Scharf to make real progress in fixing the bank’s hiring…
- Studies Show Decline in Customer Satisfaction with Bank and Credit Card Digital Services
By: Ken Chase. J.D. Power has released several studies that show that customer satisfaction with banking and credit card digital services has declined, even as…
- CFPB: Borrowers Entitled to Explanation for Credit Denial, Even if Credit Decisions are Based on Complex Algorithms
By: Ken Chase. The Consumer Financial Protection Bureau CFPB announced on May 26…
- Major Financial Firms Deny Boycotting Energy Companies
By: Ken Chase. In a recent response to a request for information from Texas Comptroller Glenn Hegar, the asset management firm Blackrock denied boycotting…
- Banks Continue to Play Key Role in Economic Growth and Wealth Creation
By: Ken Chase. For people who live in the world’s developed nations, the banking sector is often an afterthought. Most of those citizens spend little or no…
- Merged Houston Banks to Rebrand as Stellar Bank
By: Ken Chase. In a press release…
- National Banks Continue to Be on Solid Footing to Meet Tomorrow’s Challenges
By: Ken Chase. With the ongoing digital revolution in full swing, conversations about financial technology often gravitate toward the new upstart fintech…
- U.S. Bank to Commit $100 Billion for Community Benefits Plan as Part of MUFG Union Bank Acquisition
By: Ken Chase. In a press release on May 9,…
- Yellen Expresses Confidence in Financial System While Warning of Risk of Continued Volatility
By: Ken Chase. During her May 10 testimony in a U.S. Senate Banking Committee hearing, Treasury Secretary Janet Yellen said that the country’s financial system…
- Our Money is Greener: ESG and the Banking Industry
By: Ken Chase. As the financial support system for the modern economy, it was all but inevitable that that the world’s banks would eventually begin to factor…
- Pursuing Growth and Opportunity, Credit Unions Continue to Acquire Banks
By: Ken Chase. One of the more interesting financial industry trends in recent years has been the phenomenon of credit unions acquiring community banks. With…
- From Limited Retail Payment Option to Growing Online Trend: BuyNow, PayLater Continues to Surge in Popularity
For millions of consumers around the world, buy now, pay later BNPL services have become a go-to payment option for their large, online purchases. As…
- Buy-Now-Pay-Later Plans Continue to Draw Increased Regulatory Scrutiny
By: Ken Chase. The banking industry has experienced massive disruption in recent years, as financial technology, pandemic stresses, and other factors have…
- Deutsche Bank Now Forecasts Major U.S. Recession in 2023
By: Ken Chase. In a note to its clients this week, Deutsche Bank predicted that the U.S. economy will experience an even worse recession than the bank forecast…