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PacWest’s funding challenge

Total and core deposits fell in the second quarter from three months earlier at the Los Angeles bank as consumers sought higher yields, but CEO Matt Wagner said assuring proper funding for loan growth is a priority.

6 min read

BofA considering subscription model for Merrill Edge

The offering would mirror a similar move by Charles Schwab to offering clients a new pricing plan for its robo service.

6 min read

Despite cuts, Wells Fargo is still spending too much

The bank has been slashing expenses, but executives acknowledged they remain high.

6 min read

First Horizon may ask Alexa to help take on BB&T, SunTrust

The Memphis, Tenn., regional will explore the use of voice assistants as part of its digital banking push.

6 min read

Reaffirmation: It’s like an episode of Law and Order.

“What was that? Law and Order?” Today I was at the bankruptcy court asking the Judge to approve two credit card reaffirmations. One for a little more than $500; one for a little less.

6 min read

Varo Money raises $100M, files deposit insurance application

The new funding comes as the challenger bank inches closer to gaining regulatory approval for a national bank charter.

6 min read