Retail: Page 68
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Kabbage founders aim to connect small businesses, gig influencers
Drum has the potential to serve as a pipeline for startups to which Kabbage could lend.
By Dan Ennis • Sept. 24, 2019 -
Capital One, Walmart rolling out 2 cards offering 5% back
The cash-back offers — some time-limited — improve upon the retailer's previous deals through Synchrony, and help Walmart keep pace with competitors Amazon and Target.
By Dan Ennis • Sept. 19, 2019 -
Explore the Trendline➔
wildpixel via Getty Images
TrendlineThe Banking Dive Outlook on 2022
Some narratives in 2022, such as office returns, will seem like a logical progression from the year before. Others, such as the regulatory sphere and shift toward smaller M&A, may mark a big shift from the previous 12 months.
By Banking Dive staff -
CFPB investigating possible fake accounts at Bank of America
The CFPB's civil investigation stems from the fallout of the 2016 Wells Fargo account scandal, where employees opened more than 3.5 million unauthorized accounts to meet sales goals.
By Anna Hrushka • Sept. 18, 2019 -
Wells Fargo tests blockchain waters with internal settlement service
Wells Fargo's renewed interest in blockchain comes at a time when banks are still gauging the technology's benefits.
By Anna Hrushka • Sept. 17, 2019 -
HSBC seeks buyer for French retail arm, contradicting earlier report
The bank sent an overview of the business to potential buyers, including Credit Agricole, BNP Paribas, according to Bloomberg. A union representative told Reuters in September that selling the unit was not on the table.
By Anna Hrushka • Updated Jan. 13, 2020 -
California lawmaker pulls cannabis banking bill ahead of vote
The state is expected to post $3.1 billion in licensed cannabis sales this year. But as long as pot remains a Schedule 1 drug under federal law, many banks are reluctant to accept those deposits.
By Anna Hrushka • Sept. 11, 2019 -
JPMorgan Chase's WePay launches same-day deposits
The free service gives Chase an edge on fintech competitors such as Stripe and Square, which both charge fees for faster processing.
By Anna Hrushka • Sept. 10, 2019 -
BB&T, SunTrust branch sales could mark opportunity as merger nears
The banks have said the merger would result in 740 branches located within two miles of one another, a prospect that has drawn concern from lawmakers.
By Anna Hrushka • Sept. 6, 2019 -
Wells Fargo would benefit from a female CEO, headhunter says
News of a woman breaking the industry's glass ceiling may help solve an image problem for a bank reeling from numerous scandals.
By Anna Hrushka • Sept. 6, 2019 -
U.S. Bank launches Spanish-language option on revamped app
50% of the bank's customers now use mobile banking, compared with 44% during the same period last year, per its second-quarter earnings report.
By Anna Hrushka • Aug. 30, 2019 -
Q&A
6 questions with Trustar Bank CEO Shaza Andersen
Executive launched the Great Falls, Virginia-based community bank in July, after selling WashingtonFirst Bank to Sandy Spring Bank.
By Anna Hrushka • Aug. 29, 2019 -
Wells Fargo inks $6.5M settlement with Navajo Nation over 'predatory' tactics
The settlement is the latest attempt by Wells Fargo to make amends after a series of public missteps that have hurt the bank’s reputation and stock.
By Anna Hrushka • Aug. 27, 2019 -
More than half of credit-card users don't understand their benefits
Regional issuers such as BB&T and PNC Bank outpaced national brands such as Capital One and Chase in a J.D. Power credit-card customer satisfaction study released Thursday.
By Dan Ennis • Aug. 23, 2019 -
Advocates seek 'unified voice' from regulators on small-dollar loans
U.S. consumers borrow nearly $90 billion every year in loans between $300 and $5,000, the Office of the Comptroller of the Currency said. But few banks are moving into that market.
By Anna Hrushka • Aug. 23, 2019 -
Wells Fargo may want to consider changing name, image adviser says
Consumers gave the bank a 91% negative rating long after its fake-accounts scandal. Plummeting stocks, a lengthy CEO search and a "mea culpa" campaign aren't helping.
By Anna Hrushka • Aug. 22, 2019 -
Capital One buys robo-adviser United Income
The acquisition comes a year after Capital One took a 10% stake in the wealth management platform.
By Anna Hrushka • Aug. 19, 2019 -
Closed Wells Fargo accounts charge customers overdraft fees: NYT
One employee in the bank's debt-collection department raised concerns after taking in an estimated $100,000 in overdraft fees over eight months.
By Anna Hrushka • Aug. 16, 2019 -
Capital One's hacker breached more than 30 organizations, prosecutors say
The servers found in Paige Thompson's bedroom held data from the bank and other entities, though the data is not personally identifiable information.
By Samantha Schwartz • Aug. 15, 2019 -
Big-bank leadership lacks diversity, House panel says
The boards of directors of the nation's largest banks are composed of only 29% women and 17% minorities despite a U.S. population that is more than 50% female and 40% nonwhite.
By Anna Hrushka • Aug. 14, 2019 -
Banks' use of social media matures, ABA finds
More than 80% of respondents said they "agree" or "strongly agree" that social media are important, up from 76% according to a parallel study the trade association conducted in 2016.
By Anna Hrushka • Aug. 9, 2019 -
Fintechs lower high-yield interest rates following Fed cut
Despite the drop, Betterment, Wealthfront and digital banks are still offering some of the industry's highest interest rates for savings accounts.
By Anna Hrushka • Aug. 8, 2019 -
Wells Fargo boosts legal reserve for the third time in a year
The bank attributed the increase — to $3.9 billion — to a variety of factors, including the legal fallout related to its retail sales practices.
By Anna Hrushka • Aug. 7, 2019 -
How a Silicon Valley startup is using open banking to fight false declines
Incorrectly flagged or canceled transactions cost the market 10 times the amount credit card fraud does, the CEO of Deep Labs said, citing an Aite Group study.
By Anna Hrushka • Aug. 6, 2019 -
Walmart may tap unbanked market with cryptocurrency plan
The retailer filed a patent to develop a cryptocurrency as an end-run around credit card transaction fees.
By Dan Ennis • Aug. 5, 2019 -
Apple reduces Barclays rewards ahead of Goldman-backed card launch
An interface on Apple's Wallet app will break purchases down into categories to better identify spending behaviors.
By Dan Ennis • Aug. 2, 2019
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