Personal banking revenues were strong and loan delinquencies remain low, but banks are stockpiling cash for expected loan losses. Investment banking was battered by slow merger and financing activities.

Taking risk on technology is crucial to competitive advantage: Banks are challenged to counter emerging threats, seize opportunities, and build an innovation pipeline. While digital organizations evolve, corporate labs, ventures, accelerators, and strategic investors lead the charge.

The DoorDash Rewards Mastercard can help the bank boost spending and build out its co-brand portfolio.

Two green banking groups are going about cutting carbon emissions in very different ways.

Goldman Sachs, JPMorgan, and Nomura have all expanded into NFTs.

Embedded-finance-driven business lending is expected to grow sixfold in the next five years.

Some state governments are penalizing them for not supporting the fossil fuel industry.

The SEC has called out JPMorgan, UBS, and TradeStation for deficient customer identity theft prevention programs, and the CFPB just fined U.S. Bank for opening unwanted new accounts.

The lender said “healthy spend levels” boosted Q2 earnings, in line with other issuers.

JPMorgan, Citi, and Wells Fargo reported strong card spending in Q2, but inflation and recession fears made them pivot to a more defensive posture.

Few startup fintechs from a decade ago were able to withstand the force of incumbent financial institutions. Neobanks that can’t get their act together soon may face the same fate.

Chase has attracted half a million customers since September. But it’s projected to lose $450M this year.

Payment provider innovation across remittances, B2B payments, and retail card and noncard payments is setting a long-term growth runway. In the short term, providers must navigate a host of obstacles to enable more crypto users to become crypto payers—and so far they’re succeeding.

Crypto infrastructure builder ConsenSys snagged $450M, reaching a $7B valuation.

JPMorgan has established a presence in the blockchain-based virtual world Decentraland and published a report on opportunities within the sector.

Capital One will take over BJ’s portfolio from ADS, and JPMorgan will work with Instacart on a credit card program.

Evolving client expectations for more personalized services threaten wealth managers’ ability to retain existing clients and snap up new ones. But incumbents can face these changes head on by tapping AI to hyper-personalize offerings across the customers journey.