As BNPL usage increases, so does risk of fraud, study claims
Buy now, pay later services are becoming more popular, but many users are falling victim to fraud, according to a new study.
Unregulated buy now, pay later programs could create debt trap, banking advocates say
Banking advocates have encouraged the CFPB to look into several recommendations to regulate buy now, pay later providers.
Bank of America beats profit estimates on strength in consumer lending
Bank of America Corp reported a fall in first-quarter profit on Monday, as a slowdown in global deal making weighed on its investment banking businesses.
JPMorgan Chase plans 60-story NYC tower as new 'all-electric' HQ
JPMorgan Chase & Co. announced a major investment in New York City office space Thursday, with plans to build a 60-story building to be its global headquarters.
JPMorgan profit falls 42% on slowdown in deals, trading
JPMorgan Chase & Co reported a fall in first-quarter earnings on Wednesday, hurt by a slowdown in dealmaking brought on by the Ukraine conflict and a decline in trading revenue.
Citi names Angel Ng as head of Asia Pacific for Global Wealth Management
Citigroup Inc. has named Angel Ng, currently a chief executive for Hong Kong and Macau, the new head of wealth management for the Asia Pacific.
Bank deposits could drop for first time since World War II
U.S. banks have a streak of increasing deposits as a group every year since at least World War II but this year could break it.
'The End of Overdraft Fees?': Lawmakers, stakeholders examine impact on consumers during federal hearing
Lawmakers held a hearing last month to discuss overdraft fees, of which regulators have become increasingly critical.
Republicans push House to drop Citigroup as office credit card provider over funding for abortion travel
More than three dozen House Republicans are calling for the chamber to drop Citigroup as its credit card provider over its decision to fund employees who travel to get an abortion.
Buy now, pay later expanding to storefronts and gas pumps
With the rise of buy now, pay later, BNPL providers are expanding their services to allow consumers to use this financing option in person.
Buy now, pay later services could have hidden costs: PIRG analysis
Buy now, pay later services could be doing more harm than good, according to a U.S. PIRG analysis of complaints submitted to the CFPB. Here's what consumers are saying.
Critics slam American Express CEO for ‘fundamentally racist,’ woke policies: ‘We’re coming after you’
Manhattan Institute senior fellow Christopher Rufo warned the credit card giant that “we’re coming after you,” as he and other outspoken critics have teamed up to launch the UnAmerican Express campaign to stop their “racially divisive policies” for good.
CFPB's overdraft fee research refuted by CBA president: 'Not backed by reality'
The CFPB is becoming increasingly critical of overdraft fees. However, one trade organization says this outlook could be hurting consumers.
PayPal expands services in Ukraine
PayPal has rolled out new services available in Ukraine to help its customers send money quickly to friends and family.
Many buy now, pay later users would prefer this offering through their bank, study says
Users of buy now, pay later said they would prefer if this payment option was backed by their banks, rather than fintechs, according to a recent survey.
Here's how banking will evolve amid the 'death' of overdraft fees, according to J.D. Power
Banks are increasingly reducing or fully eliminating overdraft fees. New research from J.D. Power reveals what that will mean for the banking industry.
Florida fishing accident kills Venezuelan billionaire's banker son who leapt overboard to save fiancée
A Florida banker, the son of a Venezuelan billionaire, jumped off a 60-foot fishing boat Saturday to try and save his fiancée, who had fallen overboard.
JPMorgan ending mandatory COVID tests, hiring ban for unvaccinated employees
The bank will still offer voluntary testing through complimentary home kits, require responses to be entered into its Vaccine Record Tool, and keep isolation and quarantine guidelines in place.
Over half of Gen Z consumers think BNPL encourages poor spending habits, according to Student Beans study
Gen Z consumers are using buy now, pay later services, but they are wary of the spending habits this option could form, according to a new study.
Deutsche Bank winding down Russia business
Deutsche Bank has joined JPMorgan Chase and Goldman Sachs in winding down its business in Russia following the country's invasion of Ukraine.