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Yizhu Wang on Muck Rack

Yizhu Wang

Verified
Jersey City
As seen in: Bloomberg News, MSN, Forbes, MSN España, Wiley Online Library, Yahoo News Hong Kong, Yahoo News New Zealand, Yahoo Finance, Yahoo Finance Canada, Yahoo Finance Singapore, Yahoo Finance UK and
Covers:  Fintech/bank partnerships; banks' digital evolution; blockchain technology for payments; bank deals.
I cover Wells Fargo and regional banks at @business. Proud alumni of @SPGMarketIntel @mergermarket. Opinions my own

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Yizhu Wang’s Biography

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Yizhu Wang is fintech and banking journalist, currently a senior reporter at S&P Global Market Intelligence.

In fintech, she writes about digital payments, consumer banking and lending companies, with a focus on bank partnerships and regulations. She also writes about banks' adoption of technology such as open banking, blockchain and tokenized deposits.

In banking, she covered the major failed bank deals in 2023 with news scoops and in-depth analysis. It gives her a unique skillset and source…

Yizhu Wang’s Journalist Portfolio

Author page on S&P Global

Author page on S&P Global

Here are highlights of Yizhu Wang's work published at S&P Global Market Intelligence.

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FedNow safeguards aimed at helping banks control outflows

FedNow safeguards aimed at helping banks control outflows

Some have raised concerns that the around-the-clock real-time payment network can lead to rapid large deposit…

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Fifth Third among final bidders for First Republic - sources

Fifth Third among final bidders for First Republic - sources

Fifth Third was among the parties, including JPMorgan, PNC and Citizens, that bid for First Republic until th…

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FDIC seeks quick deal for bridge banks' assets - sources

FDIC seeks quick deal for bridge banks' assets - sources

The regulator is collecting bids for both bridge banks this week and would prefer to see financial institutio…

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US payment platforms adapt to meet consumers' growing use of crypto

US payment platforms adapt to meet consumers' growing use of crypto

The payments ecosystem is evolving as companies take the first steps to offer cryptocurrency payment options …

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Enterprise Blockchain Attracting M&A As It Enters Commercialization

Enterprise Blockchain Attracting M&A As It Enters Commercialization

Still think blockchain is just a buzzword? Millions of dollars are flowing among the dealmakers in enterprise…

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Articles

Wall Street Banks’ Record Quarter Didn’t Slow Their Job Cuts

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By Yizhu Wang Verified
| Bloomberg Law Verified
The biggest US banks, fresh off a quarter driven by a trading frenzy, shrunk their workforces by the most in at least six years. Headcount at , , , and fell by more than 10,000 in the second quarter, according to workforce figures included in the banks’ quarterly earnings data. That’s the biggest quarterly decrease in data going back to early 2020. Out of the biggest banks, only ’s employee count inched up during the period from the end ...
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U.S. Bancorp CEO Puts New Emphasis on Consumer Deposits (1)

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By Yizhu Wang Verified
| Bloomberg Tax Verified
Having reined in expenses over the past year, ’s chief executive officer is refocusing the company on the race for consumer deposits, one of the banking industry’s fiercest battlegrounds. CEO said the bank now expects to spend about $300 million on branches annually, up from roughly $200 million now. It’s largely completed the refurbishment of its branches, and is leaning into new builds and new growth, she said on a call with analysts Thursday to discuss second-quarter results.
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U.S. Bancorp CEO Puts New Emphasis on Consumer-Deposit Growth

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By Yizhu Wang Verified
| Bloomberg Tax Verified
Having reined in expenses over the past year, ’s chief executive officer is refocusing the company on the race for consumer deposits, one of the banking industry’s fiercest battlegrounds. CEO said the bank now expects to spend about $300 million on branches annually, up from roughly $200 million now. It’s largely completed the refurbishment of its branches, and is leaning into new builds and new growth, she said on a call with analysts Thursday to discuss second-quarter results.
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