Exclusive: Citi’s new retail head talks rewards, fintechs
Kate Luft, a former chief of staff for Citi CEO Jane Fraser, is now running the company’s U.S. retail banking business. In her first interview since getting the job, Luft discussed what banks can learn from airlines and the advantages that incumbents have over fintechs.
In-car payments are set to soar. What banks need to know.
Car manufacturers and apps have made it easier for customers to pay for fuel, parking and other services seamlessly from their cars or smart devices.
Now is the time for bankers to step back and reassess loan portfolios
We could be on the cusp of serious economic instability. Smart bankers should take the time to do a deep dive into the risk profile of their customers, and identify potential trouble spots.
Here’s what banks are saying about payments this earnings season
Bank earnings have been largely positive in the second quarter despite concerns that tariffs would increase inflation and stifle economic activity. Payment divisions at banks reaped the rewards, too.
Comerica execs say the bank’s midyear slump won’t last
The Dallas-based lender, which reported a year-over-year decline in earnings, is anticipating increased loan activity and deposit growth later in the year.
Huntington chalks profit rise to $10B loan, deposit growth
The Columbus, Ohio-based regional bank also benefited from strong performances by several legacy business lines, including auto, mortgages and SBA lending.
Trump signs stablecoin bill into law
With the passage of the bill, large banks are looking into their own stablecoins or partnering with the sector, while concerns linger about state regulation, the separation of banking and commerce and the disintermediation of the banking system.
Regions plans to unveil upgraded deposit platform in 2027
The regional bank’s cloud-based software platform will be one of the first of its kind, a top executive said Friday.
Western Alliance unifies under one brand
The banking subsidiary of Western Alliance Bancorporation is discarding six brand names to unify under the Western Alliance Bank moniker; longtime JPMorgan advisor Vishal Idnani will join Western Alliance as its next CFO; First Community in Lexington, South Carolina, will acquire Signature Bank of Georgia; and more in this week’s banking news roundup.
Old phone numbers are ticking time bombs for customers’ accounts
Texting a password recovery link to a customer presents the risk of someone else taking over the account. Researchers found this happens somewhat frequently.