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Barclays has had a particularly bruising two years: It lost the Choice Hotels co-brand to Wells Fargo, the Lufthansa card to Deutsche Bank, and a portion of the American Airlines portfolio to Citi. When it comes to negotiating, brands鈥攑articularly airlines鈥攈ave more leverage.

US adults cited 鈥渟ticker shock鈥� for activities like eating out (76%), getting gas (63%), and even buying a bottle of water (36%), per a September 2024 survey of 3,657 consumers funded by Wells Fargo. In this environment, nostalgic promotions鈥攅specially when tied to affordability鈥攃an make purchases feel more emotionally rewarding and justifiable.

A group of senators sent a letter to Synchrony and Wells Fargo about their credit cards designed for medical expenses.

The Consumer Financial Protection Bureau (CFPB) probed Chase in August before suing EWS, Chase, Bank of America, and Wells Fargo over what the agency claimed was a failure to protect consumers from fraud on Zelle. Zelle has maintained that fraud only makes up about 0.1% of all transactions on the platform.

These accounts are supposed to provide some return, but the interest rates Wells Fargo and Merrill Lynch offered were near zero, even as broader market rates rose. The SEC investigated whether these practices violated rules requiring financial advisors to act in their clients鈥� best interests by informing clients of better cash management options.

Expense-cutting: Wells Fargo reduced headcount by 8,500 and cut expenses by 12%, improving its profitability. Cooling inflation: A reduction in inflation boosted market confidence and supported a more favorable, investment-friendly financial environment. Plus, the Federal Reserve鈥檚 interest rate cuts encouraged more mergers and acquistions as financing prices improved.

The P2P player was able to make this pivot thanks to the success of its integration in banks鈥� apps, which currently lead to 98% of its transactions

A 25% tariff would wipe out most of the adjusted earnings for General Motors, Ford, and Stellantis, according to a Wells Fargo analysis. At the same time, new car prices would rise by an estimated $3,000, per Wolfe Research, adding to the industry鈥檚 affordability challenges. Grocery prices are also set to spike.

The news: Morgan Stanley, Citigroup, Bank of America, Wells Fargo, and Goldman Sachs have withdrawn from the UN-backed Net Zero Banking Alliance, per Yahoo Finance. Other climate coalitions, like Climate Action 100+, have also seen withdrawals from major firms like JPMorgan, State Street, and Pimco.

Wells Fargo has seen growing unionization movement鈥攚ith employees at one branch in Albuquerque, New Mexico, unionizing in 2023. And its conduct management investigators voted to unionize in December 2024, per Banking Dive. What this means for the industry: These union victories at banks and credit unions are likely to inspire other teams in the financial industry to follow suit.

The CFPB claims that Bank of America, JPMorgan Chase, and Wells Fargo customers have collectively lost more than $870 million over Zelle鈥檚 seven-year existence due to the banks鈥� inaction.

Leading cash-back credit cards need to drive acquisition in a cutthroat segment of the card market. Our exclusive consumer survey data reveals which emerging features issuers should invest in to win over customers.

GenAI gives banks unprecedented tools to create a more personalized experience for their customers, but some use cases are easier to implement than others.

Once the top mortgage lender in the US, Wells Fargo has taken a partial step back from the mortgage business and will narrow its focus to existing customers and borrowers in minority communities. Some smaller traditional lenders also left due to an inability to compete. This has opened the sluggish market to growing nonbank dominance.

And Fifth Third Bank, Capital One, and Wells Fargo have all set up airport terminal lounges that double as branches. This article is part of 蘑菇AV鈥檚 client-only subscription Briefings鈥攄aily newsletters authored by industry analysts who are experts in marketing, advertising, media, and tech trends.

Banks are experimenting with emerging technologies and business models to find new revenue streams. But stepping outside traditional banking molds introduces more business, reputational, and regulatory risk.

Our third annual study reveals which account opening features US consumers value most, based on our exclusive survey.鈥�

Fewer regulations would mean cheaper banking services, Wells Fargo Securities' general manager Mike Mayo told Fortune. Social Security Administration (SSA) Commissioner: Frank Bisignano, Fiserv CEO and former co-COO of JPMorgan, has been tapped for the position, per Payments Dive.

The wallet became available to customers at Bank of America, Capital One, Chase, PNC Bank, Truist, and Wells Fargo in October. What this means: Paze鈥檚 merchant network is still quite limited, and this GNC tie-up won't move the needle much. EWS began rolling out the wallet with smaller merchants, like SMBs that use GoDaddy. Other tie-ups EWS secured include Omaha Steaks and Cinemark.

Bank, and Wells Fargo鈥攅xcelled in expediting transfers with next-day delivery and prominently displaying recurring payments, features less common in lower-ranking banks. The top-ranked banks provide timely, personalized notifications (e.g., low balance and suspicious activity alerts) to help prevent overdrafts or unpaid bills.

Issuers are tapping this demand with credit cards like the Wells Fargo Active Cash Card and the Citi Custom Cash Card, which offer rewards for paying utility bills. Chase Pay-by-Bank simplifies the payee experience and maximizes certainty of payment.

Barclays lost the Choice Hotels co-brand to Wells Fargo last year. And Deutsche Bank will take over Lufthansa鈥檚 co-brand card from Barclays next year. Barclays will take over the General Motors (GM) program next summer, which could help it offset some of these losses. But the issuer still faces an uphill battle growing its US presence. Our take: This deal is a major win for Citi.

However the retailers seek to adjust, they may still hit some speedbumps, per a Wells Fargo research note. 鈥淚nventory management is a trying job at the best of times, but rising tariffs make it even harder. Stocking up on whatever you need sounds easy, but at a time when inventory financing remains dear, that鈥檚 an expensive fix.鈥�.

Wells Fargo鈥檚 credit card revenue increased 3% YoY. JPMorgan Chase鈥檚 noninterest card income shot up 28.5%. And Bank of America's noninterest card income grew 6.7% YoY. What drove this? All four issuers attributed the gains to growing spend volume. Citi鈥檚 branded credit card spend volume rose 4% YoY. Wells Fargo鈥檚 credit card point-of-sale volume grew 9.5% YoY.