BNY Mellon, Citizens and PNC report higher tech spending, efficiency mixed
Banks continued to report strong quarterly earnings on Friday, but presented a mixed bag of efficiency ratios. An uptick in ...
Tag: earnings
JPMorgan Chase, Citi, Bank of America report uptick in profits, improved efficiency ratios
Most big banks have benefited from releasing reserves they had tucked away as a rainy-day fund in case loans turned ...
Huntington Bancshares reports 4x growth in digitally assisted mortgages
Huntington Bancshares credited its digital roadmap for its double-digit growth in new product origination capabilities in the fourth quarter. The ...
Umpqua expands Tinder-style banking app, ramps up automation
Umpqua Bank is betting on a number of key technology projects around cloud computing, automation and its Go-To app to ...
Regions prioritizes tech amid move to cut expenses
Birmingham, Ala.-based Regions Bank is throwing its weight behind technology as the bank pulls back in other areas to keep ...
Ally leans into partnerships to jumpstart retail POS
Ally Financial is accelerating its point-of-sale (POS) lending strategy with the help of a few strategic partnerships. Ally Lending, the ...
Weekly Wrap: BofA’s CashPro gains traction, Chase launches kid-friendly product
Third-quarter earnings kicked off this week and, despite the acceleration in digital banking in light of the COVID-19 pandemic, year-over-year ...
Banks shutter branches to cut spending and focus on digital growth
Some of the largest banks in the country are pulling back on their physical footprints and pushing ahead with the ...
BofA Zelle numbers jump $7 billion quarter over quarter
Bank of America customers sent $39 billion through Zelle during the third quarter, up from $32 billion last quarter. Image ...
Citi addresses $400M risk management fine with automation, data
Automation and improved data governance will be two crucial components of Citigroup’s multiyear modernization of the bank’s infrastructure. Less than ...
