Consumers defied bankers’ 2023 forecasts. Will next year be as strong?
Executives at America’s largest banks are making rosier predictions about the financial health of U.S. households than they were a year ago, when their forecasts proved to be overly pessimistic.
Deb Jones on why 2024 could be a ‘transition year’
Citizens Bank’s SVP and director of secondary and capital markets reflects on what her experience with past cycles suggests about where this one may be headed.
Most-read AI stories of 2023
Readers clicked most on stories about what companies like Ally Bank and JPMorgan Chase are doing with artificial intelligence.
HSBC funds digital identity fintech; Mastercard expands carbon gauge
India softens stance on payment regs; a Dutch neobank turns to gen AI; and more.
It was a tough year for almost every bank not named JPMorgan
After a year marred by the biggest US bank failures since the 2008 financial crisis, the nation’s largest lender is on familiar footing — scooping up a rival, reeling in its clients and minting record profits along the way.
5 biggest bank M&A deals in 2023
Overall merger-and-acquisition activity proved modest across the banking sector, but several prominent deals were reached. Read on for details of the year’s biggest transactions.
Recent column mischaracterized earned wage access programs
EWA programs are not loans, no matter how loudly critics insist that they are. They provide a vital source of liquidity to hard-working families.
The rise in account closures reveals banks must rethink their processes
Banks cannot shrug off the impact of sudden account closures as inevitable collateral damage involved in fighting money laundering.
These are the 5 CFPB rules to watch in 2024
The Consumer Financial Protection Bureau will take a bite out of bank profits in 2024 by issuing final rules on overdraft and credit card late fees, among other major rulemakings.
How banks advanced their emissions disclosures in 2023
JPMorgan Chase and Citigroup were among the banks that voluntarily reported new information this year about the impact of their operations on climate change. The additional disclosures came in advance of new regulations that are expected in 2024 from the Securities and Exchange Commission.