20 bank holding companies with the largest consumer loan portfolios
The top five bank holding companies have combined total consumer loan portfolios of more than $1.95 trillion as of December 31, 2023.
The CFPB’s proposed data sharing rule: How banking insiders are reacting
The agency’s new proposal has been a long time coming, and it could reshape how consumers interact with their personal financial data.
Fintech partner banks facing ‘volatile mix’ of supervisory scrutiny
Recent months have seen an uptick in enforcement actions against banks engaging in banking-as-a-service strategies. Observers are split on whether that enhanced scrutiny is temporary or terminal.
Citi makes progress on expenses as it waits for revenues to rise
The global bank is making good on its promise to trim expenses, but its ability to increase revenues at the same time remains unclear, partly because of the relatively weak performance of its wealth management business.
Big banks’ deposit cost pressures are a warning sign for regionals
JPMorgan Chase and Wells Fargo said the battle for deposits isn’t over — a reality denting their ability to earn more interest income. Regional banks will likely report similar pains next week.
Deposits provide better-than-expected results at State Street
The giant custody bank convinced clients to park more money in accounts with the Boston-based company, prompting it to increase its full-year 2024 projections, Chief Financial Officer Eric Aboaf said.
JPMorgan Chase got a boost in Q1 from a rebound in investment banking
The nation’s largest bank reported a 27% increase in investment banking revenue. Across the industry, banks are looking to reel in fees from capital markets activities as deposit costs put pressure on net interest income.
How big banks stabilized mortgage income despite volume falling
Home loan originations were tepid in the first quarter, but higher margins helped large depositories bolster income even when the drop was particularly steep.
Is the ‘death of the cookie’ a problem or opportunity?
Third-party cookies will essentially disappear as a tracking tool on the internet by the end of 2024. Marketing to customers using first-party data may be a better tactic regardless.
JPMorgan’s wealth profits fall 26% on high compensation expenses
The banking giant nonetheless saw strong growth in net new assets in the first quarter and a 14% jump in returns from asset management fees.