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  • ESG
    Mastercard shareholders reject four proposals at annual meeting

    Pushes for transparency on charitable donations and ghost guns, among others, were voted down.

    By Victoria Zhuang
    June 23
    Mastercard
  • Industry News
    Banks rush to increase prime rates after Fed’s big hike

    Wells Fargo, U.S. Bancorp, Truist Financial and PNC Financial were among the banks that said they are raising their prime lending rates from 4.0% to 4.75%.

    By Kevin Wack
    June 15
  • Consumer banking
    Citizens, Cullen/Frost join parade of banks eliminating NSF fees

    The two regional banks announced plans to abandon nonsufficient fund fees and make other moves that will reduce the revenue they collect from cash-strapped consumers.

    By Jon Prior
    June 13
  • Industry News
    Credit conditions expected to weaken this year: Bank economists

    The American Bankers Association’s credit conditions index fell sharply, as economists foresaw dampening loan demand. The weaker outlook lines up with major bank CEOs’ increased worries over a possible recession.

    By Polo Rocha
    June 9
  • Payments
    Apple Pay Later takes key real estate in buy now/pay later market

    The California tech giant's take on pay-in-four installment loans has a top-of-wallet positioning that banks and merchants are unlikely to be able to match.

    By Kate Fitzgerald
    June 6
    Apple Pay sticker new
  • Politics and policy
    Bank economists advise caution but don't expect a recession

    An American Bankers Association panel of experts predicted much slower economic growth, but agreed that the U.S. economy will avoid a recession over the next couple of years.

    By Jim Dobbs
    June 3
  • Evergreen
    Dimon raises alarm level over recession risk: ‘It’s a hurricane’

    JPMorgan Chase CEO Jamie Dimon expressed even deeper concern Wednesday about the likelihood of an economic downturn than he has in recent months. Wells Fargo CEO Charlie Scharf was less pessimistic, but he still spoke of the “reality that the economy has to slow.”

    By Polo Rocha
    June 1
  • Evergreen
    Brown calls on Wells Fargo to end discriminatory practices 'once and for all'

    In a letter Tuesday to CEO Charlie Scharf, Senate Banking Committee Chair Sherrod Brown pointed to recent media reports and said he expected Wells Fargo to develop a plan addressing “weaknesses that have plagued the bank for almost a decade.”

    By Brendan Pedersen
    May 31
    Treasury Secretary Yellen And Fed Chair Powell Testify Before Senate Banking Committee On CARES Act
  • Commercial banking
    Canadian banks see risk of U.S. economic slowdown ahead

    Executives at banks north of the border pointed this week to several potential U.S. economic snags, including inflation, the possibility of a housing market correction and soaring energy prices.

    By Jon Prior
    May 26
  • Consumer banking
    Two years after HELOC pullback, JPMorgan again eyes the business

    The nation's largest bank indicated Monday that it may again offer home equity lines of credit to a wide audience. Rising mortgage rates have made the product more attractive after a long drought when low rates suppressed demand.

    By Jon Prior
    May 23
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© 2025 Arizent. All rights reserved.
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© 2025 Arizent. All rights reserved.