Does the ‘subscription economy’ offer banks an opportunity?
Key Insight: Americans are increasingly overwhelmed by all their digital subscriptions, leaving an opening for banks to help organize and save money on them. Supporting Data: In 2022, the average U.S. consumer thought they spent $86 per month on their subscriptions, but actually spent $219 per month. Expert Quote: “We all have so many subscription […]
Penny shortage causes ‘chaos’ for banks and retailers
The Penny Shortage: A Challenge for Banks and Retailers When the Trump administration called for the end of penny production earlier this year, experts were confident that the decision would have little short-term impact. Now banks and retailers say a penny shortage has already arrived. The supply problem is twofold: For new pennies, industry groups […]
U.S. Bank tops mobile banking surveys for second year in a row
The Impact of U.S. Bank’s Greenlight Partnership on Mobile App Usage U.S. Bank, a leading financial institution, made headlines in June 2024 with the announcement of their partnership with Greenlight to provide a family app. This collaboration was met with anticipation and curiosity from users and industry experts alike. The bank, however, declined to comment […]
Lagarde: ECB should supervise non-banks to prevent rerun of 2008
Lagarde Advocates for ECB to Supervise Non-Banks to Prevent a 2008 Repeat As part of a holistic prudential strategy, Christine Lagarde, the president of the European Central Bank (ECB), has advocated for the supervision of non-banks. This, she believes, could help prevent a rerun of the 2008 financial crisis. The Growth of the Non-Bank Sector […]
JPMorgan replaces European banking boss who was doing job from New York
Significant Leadership Changes at JPMorgan Chase In a noteworthy development, JPMorgan Chase, the American multinational investment bank, has instigated major changes in its leadership structure for its Europe, Middle East, and Africa business. According to internal memos obtained by the Financial Times, Filippo Gori, the former European chief, has been replaced by two London and […]
Banking Center Relationship Banker 2
Discover a Meaningful Career at Webster Financial Corporation Founded in 1935, Webster Financial Corporation has been dedicated to putting people first. Whether it’s individuals, families, businesses, or colleagues, Webster is committed to helping them achieve their financial goals. As a leading commercial bank, Webster is passionate about serving its clients and supporting communities. The core […]
Chronican denies ‘telling APRA what to think’
A Deep Dive into the ANZ Whistleblowing Trial As we delve deeper into the ongoing trial involving the former head of global balance sheet at ANZ, Etienne Alexiou, the spotlight continues to intensify on the bank. Alexiou has contended that he was wrongfully dismissed after raising concerns over the manipulation of the BBSW rate on […]
Armaguard gets cost-plus bailout
The Lindsay Fox family and Linfox Armaguard: A Cost-Plus Deal Secured The Lindsay Fox family and Linfox Armaguard have successfully secured a cost-plus deal with their major customers, primarily the four major banks. This significant development comes after Deloitte Access Economics recently recommended a regulated pricing model for Armaguard’s Cash-in-Transit services, as announced by the […]