Europe’s Lenders See ‘Bank Walk’ as Consumers Pull Savings
European consumers are reportedly pulling their savings from bank accounts as they seek better deals. As Reuters reported Thursday (May 4), this phenomenon has emerged as some of Europe’s largest banks...
View ArticleGoldman Reportedly Wants to Hand Off Apple Card to Amex
Goldman Sachs’ credit card partnership with Apple could be nearing an end. The banking giant is said to be in discussions with American Express to take over the credit card and other collaborations...
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Nearly 70% of Consumers Prioritize Trust Over Convenience When Choosing a Bank
In the retail banking industry, convenience and trust are two pivotal elements that significantly influence customer satisfaction and the acquisition of new customers. In the report “Credit Union...
View ArticleReport: Goldman Sachs Nearing Sale of GreenSky Unit
Goldman Sachs is reportedly in advanced talks with possible buyers for its FinTech lender GreenSky. As the Wall Street Journal (WSJ) reported Tuesday (Sept. 19), the Wall Street bank is in discussions...
View ArticleGoldman Sachs Sells GreenSky Platform and Loan Assets
Goldman Sachs has announced the sale of its GreenSky platform and associated loan assets to a consortium of institutional investors led by global investment firm Sixth Street. The transaction is...
View ArticleBarclays Will Cut 3% of U.S. Consumer Banking Staff
Barclays is shrinking its U.S. consumer banking division as it looks to lower costs. “We recently streamlined and simplified our U.S. Consumer Bank operating model, which has regrettably resulted in a...
View ArticleGoldman Sachs Plans to Shed GM Card
Goldman Sachs is reportedly hoping to offload its General Motors (GM) credit card program. The move, as reported Tuesday (Nov. 7) by the Wall Street Journal (WSJ), marks the latest in a series of...
View ArticleGoldman Sachs Doubles Down on Efforts to Attract Super-Rich
Goldman Sachs is reportedly increasing its efforts to court ultra-rich clientele. The banking giant has been more focused on lending to private wealth customers — those with an average of $60 million...
View ArticleHank Payments and FinWise Partner on Consumer Banking Solutions
Hank Payments has partnered with FinWise Bank to enhance consumer financial services, including lending, savings and payments. This collaboration brings together Hank Payments’ banking platform with...
View ArticleVaro Bank Debuts Line of Credit As Consumers Remain Pinched
Varo Bank has introduced two new products aimed at helping Americans alleviate their financial pressures. The online bank on Tuesday (March 26) announced the launch of Varo Line of Credit, along with...
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