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Performance - Banking Exchange
Profit declined by 28% for second quarter for America’s largest bank while earning was 12 cents short of most analyst expectations
The bank has also made several changes to its leadership team to support the transformation
After entering the banking market 10 years ago, neo-banks across the world are failing to adapt for a profitable future
Latest data signals a return to more normal payment and spending habits
2,927 bank branches closed last year, as bank customers opted for mobile and digital offerings
COVID-19 has caused significant numbers of people to want to limit social contact in public places for the time being
80% increase year-on-year as US economy begins to “roar back to life”
Traditional banking products are “out”, according to tech company Temenos
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Belt and Suspenders

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