Scotiabank has lowered its price target for Comcast (CMCSA), reflecting ongoing pressure in its core broadband business as the media giant reports higher-than-expected customer losses in Q4 and faces fierce competition from fiber and fixed-wireless rivals.
In a landmark regulatory decision, the FDIC has granted Ford and General Motors approval to establish their own FDIC-insured industrial banks. This move, set to fundamentally alter the landscape of auto financing, allows the automakers to directly gather customer deposits and fund loans, potentially reshaping competition and consumer options.
The Bank of England is launching a public consultation this spring to foster competition in retail payments, aiming to introduce direct account-to-account payment options that could challenge Visa and Mastercard's dominance and lower costs for smaller businesses.
The banking sector has outperformed the broader market, buoyed by strong fundamentals. Yet, as fintech competition intensifies, not all traditional institutions are equally positioned. We analyze one regional bank with a durable model and raise flags on two others where caution may be warranted.
As earnings season concludes, regional banks show resilience amid economic uncertainty. While some, like United Community Banks, post solid gains, others face pressure from fintech competition and commercial real estate concerns, painting a complex picture for the sector.
Major European neobanks like Revolut, Monzo, and bunq are renewing their push for a U.S. banking license, betting on regulatory shifts and market potential. Yet, the path is fraught with complexity, geopolitical uncertainty, and fierce competition.
At its 44th annual shareholder meeting, WaFd Bank secured key approvals while fielding questions on branch strategy, AI investment, and competitive pressures. The century-old institution reaffirms its commitment to balancing physical presence with technological advancement.
In a bid to break the deadlock on a pivotal crypto bill, major industry players are reportedly offering new concessions to traditional banks, aiming to address fears over disintermediation and share the stablecoin pie. Despite a recent closed-door Senate meeting described as 'productive,' a final agreement remains elusive.
The 106-year-old outdoor apparel brand Eddie Bauer is reportedly preparing for a Chapter 11 bankruptcy filing, a move that could shutter its entire North American store fleet. This would mark the third major financial crisis for the heritage brand in two decades.
The future of Eddie Bauer's brick-and-mortar presence in North America hangs in the balance as its corporate parent, Catalyst Brands, prepares a potential bankruptcy filing that could shutter the outdoor retailer's entire store network.
A major Popeyes franchise operator based in Miami has closed 17 underperforming restaurants across Florida and Georgia as part of its Chapter 11 bankruptcy reorganization, aiming to cut over $1 million in annual costs.
United Community Banks (UCB) posted stronger-than-expected quarterly revenue, driven by loan growth and improved margins. The regional lender's share repurchase program and debt management moves are drawing investor attention as its stock outperforms the broader market year-to-date.
A bipartisan group of senators is set to introduce legislation that would reauthorize the U.S. Export-Import Bank for ten years and significantly expand its lending capacity by $70 billion, a move aimed at bolstering the nation's strategic position in the global race for critical minerals.
While the banking industry has outperformed the broader market over the past six months, not all lenders are positioned equally. We analyze one financial stock facing challenges and two others with resilient business models in the current economic climate.
A high-stakes White House meeting aimed at resolving a critical impasse over stablecoin regulations ended without agreement, leaving the landmark CLARITY Act in legislative limbo. The core dispute centers on whether stablecoins should be allowed to offer yield, a feature banks warn could destabilize the traditional financial system.
A look at the divergent paths of regional lenders in the latest earnings season, with Bank of Hawaii posting strong results while others grapple with fintech pressure and economic uncertainty.
As the latest earnings season wraps up, regional banks present a tale of divergence. While First Financial Bancorp posts record results, others like The Bancorp stumble, highlighting the sector's uneven recovery amid persistent economic headwinds.
As the dust settles on the fourth-quarter earnings season, regional banks present a tale of divergence. While Valley National Bank rode a wave of strong deposit and loan growth to surpass expectations, peers faced a more turbulent landscape marked by fintech pressure and commercial real estate concerns.
Banco Santander has struck a definitive agreement to acquire Webster Financial Corp., the parent of Connecticut's largest bank by deposits, in a move set to significantly expand the Spanish giant's commercial and retail footprint in the Northeastern United States.
In a major consolidation move within the U.S. regional banking sector, Spanish banking giant Banco Santander has agreed to acquire Stamford-based Webster Bank for approximately $12.2 billion, aiming to significantly bolster its Northeast footprint.
