Banking dive
WebDec 8, 2024 · Dive Brief: Discover Financial Services has stopped taking applications for a new checking account that offered cashback and debit features, saying it encountered too much fraud. It had begun selling the new service in April. After launching the product, Discover “pulled back on the marketing because of the amount of fraud we were seeing ... WebEditorial Team. Our editorial team provides in-depth journalism and insight into the most impactful news and trends shaping the industries we cover. We invite you to send us a message if you’re looking to reach our reporters and editors or our readers.
Banking dive
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Web2 days ago · The recent failures of Silicon Valley Bank and Signature Bank, among others, have rocked the business and real estate lending world. The multifamily sector hasn’t been immune from the fallout. WebMar 24, 2024 · Dive Brief: Recent bank failures and turbulence throughout the banking system may trigger recession during the second half of 2024, leading to a 0.3% decline in gross domestic product for the full year, Fannie Mae said Friday. “Inflation has now been joined by financial stability concerns as threats to sustained growth,” Fannie Mae Chief ...
Web1 day ago · Gunjan Kedia, the bank’s wealth-management chief, will oversee corporate and commercial banking. U.S. Bank’s CFO, Terry Dolan, will take up additional roles as two of the bank’s senior executives retire this summer, the Minneapolis-based lender said Wednesday. Dolan will become the U.S. Bank’s vice chair and chief administrative officer ... WebBanking Dive, Washington D.C. 1,221 likes · 41 talking about this. We provide business journalism and in-depth insight into the most impactful news and trends shaping banking.
WebFeb 7, 2024 · Dive Brief: Global payments processor Fiserv said Monday in a news release that it has agreed to pay $650 million to acquire the ownership stake of core banking software firm Finxact that it doesn’t already own. A spokesperson for Fiserv declined to comment on the size of the existing Fiserv stake and a Finxact spokesperson deferred to … Web1 day ago · Dive Insight: The leadership change reflects Wells Fargo’s prioritization of technology in its consumer and small business banking division. CSBB serves 21 million retail bank households and three million small businesses. “Our customers expect us to provide them with increasingly digitized and seamless banking experiences across all …
Web23 hours ago · As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s …
WebFeb 2, 2024 · Dive Brief: Chicago-based banking technology provider Amount has purchased Linear Financial Technologies for $175 million in cash and stock, according to a Tuesday news release.Linear, based in Reston, Virginia, is a small and midsize business loan and account origination platform. make it stand outWebBanking Dive is a leading industry publication operated by Industry Dive. Our business journalists spark ideas and shape agendas for 13+ million decision-makers in the most … make it stick audiobook freeWeb1 day ago · Collapsed crypto exchange FTX has recovered more than $7.3 billion in cash and liquid crypto assets during its bankruptcy process, FTX’s legal team said in a bankruptcy court hearing Wednesday. “The situation has stabilized, and the dumpster fire is out,” attorney Andy Dietderich told the court, according to a Reuters report. make it stick by brownWeb20 hours ago · Dive Insight: Federal Reserve economists, citing banking system turmoil, discarded their December forecast for sustained economic growth and advised … make it stick authorWebApr 12, 2024 · Cary Kochman, who has co-led the bank’s global M&A operations since 2024, will continue as chief of that business. Mark Shafir, Citi’s co-head of global mergers and acquisitions, is retiring from the bank, two executives wrote Tuesday in an internal memo seen by The Wall Street Journal and Reuters. “ [Mark] has been one of the lead ... make it stick barnes and nobleWebBNPL remains mainly absent from consumer credit histories. The lack of BNPL data being furnished to credit bureaus more than a year after inclusion efforts were announced points to the complexity involved with fitting the burgeoning payment method into the traditional credit scoring framework. Retail. make it stick chapter 1 summaryWebMar 13, 2024 · Dive Brief: Mega payments processor Fidelity National Information Services may be impacted by an expanding bank crisis in that it derives between $20 million and $25 million in annual revenue from each of Signature Bank and First Republic Bank, according to Baird Equity Research. Signature Bank was shuttered by New York regulators last … make it stick citation