Browsing: Banking
Key Insight: Ally Financial is expecting U.S. unemployment to rise in 2026, tempering the auto lender’s guidance for the year.Supporting…
Key insight: Truist’s fourth-quarter earnings were hurt by $130 million in legal-related fees and $63 million in severance costs.What’s at…
Key insight: Trump continued to call on Congress to pass credit card legislation. Expert quote: “Whatever happened to usury?” — President…
Key Insight: The Consumer Financial Protection Bureau and other federal regulators are retreating from enforcement and supervision, creating a void…
Key insight: The growing street cred of stablecoins is inspiring companies to offer 24/7, on-chain trading of tokenized securities.What’s at…
Key Insight: After acquiring Comerica, Fifth Third plans to use paper mailers as well as digital marketing to reach consumers…
Key insight: Beyond courier scams, banks are battling “card cracking” schemes where fraudsters solicit credentials from young users on social…
Looking ahead: Chief Financial Officer John Stern says acquiring the BTIG investment bank should boost revenue by as much as…
Key insight: Treasury Secretary Scott Bessent avoided confronting the rate cap directly, but argued banks already are benefitting from deregulation…
Risk defines the career of former Scotiabank CEO Rick Waugh. Calculating and pricing risk was his life’s work, according to…