Comerica sees its midyear profit dip as a pause—not a pivot. Q3 will feel pressure from preferred stock redemption, but Q4 rebound is expected as lending and deposits pick back up. A good case for clear guidance and patience in bank strategy.
Comerica sees its midyear profit dip as a pause—not a pivot. Q3 will feel pressure from preferred stock redemption, but Q4 rebound is expected as lending and deposits pick back up. A good case for clear guidance and patience in bank strategy.
Deluxe pivots to digital and data
The company known for paper checks aims to jump-start sagging revenue with electronic enterprises, including a fast-growing marketing data arm.
https://www.paymentsdive.com/news/deluxe-pivots-to-digital-and-data/753451/
Huntington’s profit driven by ~$10B in combined loan and deposit growth, strong in auto, mortgages and SBA. A model of using core lending strength to lift earnings. Tells us a lot about balance-sheet strategy in today’s rate and credit backdrop.
https://www.americanbanker.com/news/huntington-chalks-profit-rise-to-10b-loan-deposit-growth
Adyen tackles golf payments
A company executive explained how the payment processor can compete with firms that specialize in processing payments for golf companies.
Ally’s Q2 results show what disciplined restructuring can do. Big moves, clear focus, and a willingness to take short-term hits for long-term strength. A useful case study for banks navigating today’s margin and credit pressures.
https://www.americanbanker.com/news/ally-surges-past-estimates-after-dramatic-restructuring
Texas, Wisconsin banks agree to buy in-state peers
Prosperity Bancshares in Texas agreed to buy American Bank in a $321.5 million deal, while Bank First Corp. inked a $174.3 million deal with Centre 1 Bancorp.
Bank Statement Extractor: Convert PDF Bank Statement to Excel file in seconds
Gift Link: HSBC renews search for chair after struggling to find suitable candidates.
#Banking #Fintech
https://www.ft.com/content/f2aa59bb-e956-4165-99b3-19a04dbdd8a5
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Strong commercial loan growth gives U.S. Bank a boost
U.S. Bank reported commercial-and-industrial loans totaling $139.6 billion, up more than 7% from the same period in 2024.
https://www.americanbanker.com/news/fee-income-growth-drove-strong-q2for-u-s-bank
Big bank CEOs talk stablecoin plans
The prospect of a more favorable regulatory environment for digital assets has large lenders exploring or plotting stablecoin plans, JPMorgan, BofA, Citi and U.S. Bank executives indicated this week
Millennials Drive Demand for Flexible Card Payments
40% of millennials and 48% of Gen Z consumers would increase their card usage if they could choose repayment plans at the point of sale
https://www.pymnts.com/credit-cards/2025/millennials-drive-demand-for-flexible-card-payments/
Fifth Third Bancorp is ready for the massive #Stablecoin market to become more ubiquitous following the passage of watershed crypto legislation that could be signed into law as soon as today.
Fifth Third CEO Tim Spence said Thursday that the legislation represents a "greenfield" for the Cincinnati-based bank.
https://www.americanbanker.com/news/fifth-third-awaits-stablecoin-legislation-with-high-hopes
Banks Have Lost $3 Trillion to Fintechs in the Last Five Years. Blame the Primacy Myth
One in four people with multiple checking accounts have their direct deposit sent to an account that they don’t consider to be their primary. And that share is even higher with Gen Z — a third of them do that.
As banks embrace crypto, a defense blueprint is born
MITRE, a national security research firm best known in cybersecurity for the company's ATT&CK framework, launched AADAPT (Adversarial Actions in Digital Asset Payment Technologies), a framework that seeks to bring the value of ATT&CK to the world of digital asset payment technologies
https://www.americanbanker.com/news/as-banks-embrace-crypto-a-defense-blueprint-is-born
How Secure Is Your #Cryptocurrency Wallet?
Hot wallets are convenient, but not always safe. This piece explores the rising threats to crypto security and why cold storage might be worth the hassle.
A Financial Brand interview with me!
While consumer #DigitalBanking has reached impressive levels of sophistication, commercial and wealth management clients continue to struggle with fragmented, outdated digital experiences.
Anthropic rolls out financial #AI tools to target large clients
Claude for financial services can “turbocharge” analysts’ work by serving as their research analyst assistant, Jonathan Pelosi, Anthropic’s global head of industry for financial service said.
Chargebacks persist as court voids FTC rule
Consumers view disputed payments as a viable refund alternative, according to a survey that arrived with the demise of a federal “click-to-cancel” rule.