Numerated Lands Strategic Investment from Citi
Prominent Boston fintech firm Numerated has recieved a strategic investment from Citi to enhance its offering of AI-driven financial analysis for commercial lending.
Younger Customers Want More Advice from Their Banks
Personalized financial advice is increasingly important to retail bank customers, especially younger ones, a new J.D. Power survey has found.
Megabank Profits Mostly Fall in Q4 Amid Upbeat CEO Messaging
Three of the nation’s biggest banks said Friday that their profits fall last quarter, as JPMorgan Chase, Bank of America and Citigroup deal with the lingering effects of higher interest rates and the industry costs of last year’s banking crisis that caused the collapse of Silicon Valley Bank and Signature Bank.
Citibank Fined $26M for Discrimination Against Armenian Immigrants
Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said Wednesday.
Mismatch Seen Between Advice Businesses Want from Banks and What They Get
While three-quarters of U.S. small businesses want to receive financial advice from their bank, most do not receive the kind of comprehensive advice that would help a small business grow, according to a recent study from J.D. Power.
Internet Banks Give Local Lenders National Stage
When Holyoke-based PeoplesBank launched a digital-only bank earlier this year, it wanted to find customers – not in its local market, but in Alaska and Wisconsin.
Citi Picks Jane Fraser as Next CEO, First Woman in that Role
Citigroup announced that Jane Fraser would succeed Michael Corbat as the bank’s next chief executive, making Fraser the first woman to ever lead a Wall Street bank.
House Demands PPP Loan Info from Treasury, Banks
A House subcommittee investigating billions of dollars in coronavirus aid is demanding that the Trump administration and some of the nation’s largest banks turn over detailed information about companies that applied for and received federal loans intended for small businesses.
Report: Google to Offer Bank Accounts in Citibank Partnership
Traditional bankers’ fears of Big Tech companies jumping into the banking sector could be starting to come true.
A Conversation With Webster
A few weeks ago, I had the chance to talk by phone...
South Shore Bank Brings In Ex-Citibank Employees For New Location
South Shore Bank has hired six local Citibank...Webster Posts Gains In Q4, Looks To Boston With Anticipation
Webster Financial Corp. wound down 2015 with...
Webster Bank To Take Over Citi Branches In Early ’16
Webster Financial Corp. will beef up its Boston...Doing What We Do Best, But Better
A lot can happen in 150 years. Banker & Tradesman...
Editorial Cartoon
SNL Financial: Severe Enforcement Actions Decline
Regulators issued six enforcement actions to commercial banks and savings banks in January, as of information available March 13, SNL Financial said today in a recent analysis.
