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Unbundling Bank Of America: How The Traditional Bank Is Being Disrupted

CB Insights

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. For example, Trumid is an online trading platform providing corporate bond market professionals with direct access to liquidity.

America 101
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Banking for the Digital Generation: Attracting & Retaining Millennials

NCR

Coming of age during the last recession and being subjected to the barrage of headlines about financial executives misbehaving, many Millennials are distrustful of established financial brands and institutions. are in the bottom 10 of the least loved brands by Millennials. are in the bottom 10 of the least loved brands by Millennials.

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Stock-Trading Platform Robinhood Eyes Banking Services

PYMNTS

Launched in 2014, Robinhood is a minimalist app that lets users set up an an online brokerage account, transfer funds from accounts at major banks (including Chase, Citi and Band of America) and check the prices of their stocks. Right now, though, the service is only available in five states. s growth fund CapitalG.

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Longevity Lessons From The Oldest US Credit Union

PYMNTS

Membership could be obtained by spending five dollars on a share of capital stock. Mary’s chief operating officer, Ken Senus, about how the credit union has evolved since it was founded and why, perhaps counterintuitively, its age is an appealing factor for millennial members. From Mill Workers to Millennials.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). It has also meant working in anticipation of the changing needs of millennial users. Staying on Top of Customer Expectations.

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The Hybrid Workplace is One Huge Work-In-Process for Banks

Gonzobanker

The chart below illustrates just how fundamental this workplace shift has been in America. 2022 Workplace Culture Report found a big disconnect in how employees value online training and virtual meetings. We’ve gone from roughly 5% of total hours worked to more than a third, even three years after COVID lockdowns.

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ICBA: Building Bridges For The Next Generation Of Community Banks

PYMNTS

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.