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

Explore the Trendline➔

Artificial intelligence

Banks must decide whether to forge AI tools in-house or partner with outside firms. AI’s importance can’t be understated, but legacy tech may also constrain the budget for banks looking to innovate.

By Banking Dive staff

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

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

Barclays drops private prisons as more banks weigh reputational risks

The announcement follows in the footsteps of other large financial institutions turning away from the industry, as more banks make business decisions related to social issues.

By Anna Hrushka • Aug. 1, 2019

Digital bank Green Dot targets broader market with new high-yield savings account

The 3% yield puts it at the top of a market that this year includes efforts from Betterment, Wealthfront and Robinhood.

By Anna Hrushka • July 31, 2019

JPMorgan Chase bets on AI to generate marketing copy

Ads rendered by Persado's software received as much as a 450% lift in click-through rates — more than twice the boost of human-written ads, a pilot program showed.

By Peter Adams • July 30, 2019

Citigroup to cut hundreds of jobs, reports say

The news of job cuts follows reports Citigroup will combine its stock trading business with its prime brokerage unit. A source, however, told the Financial Times the cuts are not related to the bank’s reorganization plans.

By Anna Hrushka • July 30, 2019