Sun.Apr 30, 2023

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Barclays bank put my £350,000 out of reach after Brexit changes

TheGuardian

I am out of work and need it but my account here in Spain was shut down I have had a Barclays bank account for 40 years, but in December, when I tried to transfer money to my account here in Spain, I was unable to access it. I discovered that, after Brexit, it had been closed by the bank. Barclays says it wrote to tell me this would happen, but I did not receive the letter.

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With First Republic on the brink, all eyes are on uninsured deposits

American Banker

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Time running out for US financial firms to bid for ailing bank First Republic

TheGuardian

Deadline of Sunday set for companies such as JPMorgan Chase to table offer for California bank whose shares have plummeted US regulators are racing to secure the sale of California bank First Republic, which is on course to become the third American lender to fail this year, a sequence of collapses that has drawn uncomfortable parallels with the 2008 global financial crisis.

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A hot summer for FedNow?

American Banker

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Amazon Pay, Citi roll out instalment option

The Paypers

Banking group Citi has announced that its elligible credit card members can now pay over-time with Citi Flex Pay when using Amazon Pay.

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BMO survey shows US users leaning towards digital banking

The Paypers

North American banking group BMO has released a survey that reveals fluctuating online banking trends in the US.

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Enthusiasm for Apple Savings Account High Among Millennials and Gen Z

The Financial Brand

This article Enthusiasm for Apple Savings Account High Among Millennials and Gen Z appeared first on The Financial Brand. Seven in 10 Apple Card holders and many who don’t yet have the card say they plan to open its high-yield savings account. This article Enthusiasm for Apple Savings Account High Among Millennials and Gen Z appeared first on The Financial Brand.

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Consumers Crave Personalized Financial Wellness Help. Can Banks Deliver It?

The Financial Brand

This article Consumers Crave Personalized Financial Wellness Help. Can Banks Deliver It? appeared first on The Financial Brand. There is a significant gap between what consumers expect and what banks deliver around personalized financial insights and advice. This article Consumers Crave Personalized Financial Wellness Help. Can Banks Deliver It? appeared first on The Financial Brand.