Citigroup moving toward ‘national digital bank’: CFO

(Courtesy of Reuters) Citigroup Inc (C.N) is laying the foundation, through a growing network of mobile banking tools, to support the launch of a national digital consumer bank sometime within the next three years, its chief financial officer said on Tuesday. “I am not making an announcement right now, but I would be really disappointed … Continue reading Citigroup moving toward ‘national digital bank’: CFO

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Shift in Jacksonville’s financial industry also a shift away from…

(Courtesy of Jacksonville Business News) The economic recovery has not brought back all the banking jobs of old, but it has produced 4,800 new high-paid positions since 2011 as more and more financial companies set up shop or expand their operations in Jacksonville. The city aims to attract financial sector jobs with incentives, taking advantage … Continue reading Shift in Jacksonville’s financial industry also a shift away from…

Wells Fargo shuttering hundreds of branches as customers embrace mobile banking

(Courtesy of Jacksonville Business Journal) Wells Fargo plans to close 450 of its almost 6,000 branches nationwide as it cuts costs and adjusts to more customers banking outside a branch. The bank, led by CEO Tim Sloan, said it cut 93 branches in the first half of this year, with more than half of those … Continue reading Wells Fargo shuttering hundreds of branches as customers embrace mobile banking

Morgan Stanley to curb veteran adviser recruiting

(Courtesy of Reuters.com) The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New York, U.S. April 17, 2017.   Morgan Stanley, the biggest U.S. brokerage by head count, told brokers Tuesday that it is standing down from the expensive recruitment wars, following similar steps taken earlier this month … Continue reading Morgan Stanley to curb veteran adviser recruiting

Wells Fargo to launch pilot with Facebook Messenger

(Courtesy of Jacksonville Business Journal) Wells Fargo & Co. is launching a pilot to test an artificial intelligence-driven experience through Facebook Messenger. The San Francisco-based bank — the third-largest bank in Central Florida — has hinted at incorporating financial services into third-party environments for a while now. Steve Ellis, head of Wells Fargo’s Innovation Group, … Continue reading Wells Fargo to launch pilot with Facebook Messenger