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North America

EverBank agrees $16.6m naming rights deal

Fri, Jul, 30 2010

Florida-based regional lender EverBank has agreed a $16.6m, five-year naming rights deal with the National Football League's Jacksonville Jaguars, one of the biggest bank sponsorship deals this year.Free

Citi app flaw raises doubt on m-banking service

Wed, Jul, 28 2010

(Free) Citi bank, the US’s third largest bank by assets, has told its customers to download a mandatory upgrade of the iPhone application after a security flaw was found, raising doubts about the bank’s already struggling m-banking serviceFree

Positive US retail banking interims

Tue, Jul, 27 2010

In contrast to a year ago, half-year results from the biggest US retail banks show an improved performance from their consumer finance units compared to their investment banking divisions. But the year to date has witnessed the failure of 103 US banks, up from 72 at the same stage in 2009. Douglas Blakey reports

Fintech Dealwatch

Mon, Jul, 26 2010

RBI Fintech DealWatch tracks recent major technology contract wins with a focus on the retail financial services industry as well as fintech mergers and acquisitions and innovative new product launches

US branch numbers decline

Fri, Jul, 23 2010

Total bank branch numbers in the US are set to fall for the first time since 1994. In the past 12 months, branch numbers have fallen at seven of the largest 10 US-headquartered retail banks, with US Bank, BB&T and Keybank the only lenders to buck the trend. Free

US Bank posts H1 profits up 45%

Thu, Jul, 22 2010

US Bank, the country’s fifth-largest bank by assets, has posted an analyst-beating first half set of results with net income up 43.5% year-on-year to $1.43bn.Free

PNC posts H1 net income up by 100%

Thu, Jul, 22 2010

First half earnings at PNC Financial Services Group (PNC) have doubled to $1.47 bn from the first half of fiscal 2009, beating analyst forecasts.Free

Customer loyalty, profitability still falling

Wed, Jul, 21 2010

Average retail banking customer profitability remains below pre-crisis levels, while customers’ price-sensitivity and inclination to ‘shop around’ have increased, according to a report from the consultants Accenture.Free

H1 retail profits drop 20% at Wells Fargo

Wed, Jul, 21 2010

First half net profits of $3.22bn at Wells Fargo’s retail focused Community Banking unit, are down 20.2% from the first half of fiscal 2009. Free

KeyBank rolls out Key Coverage Checking

Wed, Jul, 21 2010

Cleveland-headquartered regional lender, KeyCorp, has launched Key Coverage Checking, a packaged current account offering flexible overdraft fee options and ID Theft protection. Free

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