The ‘Bank On’ initiative is being flagged as a key solution for underbanked and unbanked individuals and communities across the US

This offers some relief to PPP borrowers seeking to transfer some or all of their businesses through an equity or asset sale

Deal to create top-20 US bank is scheduled to complete in the first half of 2021

An $85 million penalty against USAA follows similar actions against Citibank and Morgan Stanley

The rules governing bank mergers and acquisitions have not been updated since 1995

The nation’s largest bank by assets beat gross and net earnings forecasts

Contactless and digital payments are set to experience significant growth in the coming years

The US’s oldest mutual bank is going public on the Nasdaq market as of October 14

The two financial services giants were hit with huge regulatory penalties in the past few days, but Moody’s believes their prospects are very different

The pandemic has acted as a catalyst for positive change such as the shift towards digitization and cashless payments or ecommerce, which in the long run may benefit Small and Medium-sized Enterprises (SMEs)