Banks are prevailing in the struggle to grow margins and control expenses, in spite of a challenging year for growth. During the third quarter of last year, the banking industry posted its highest quarterly profitability levels in over a decade, as banks tightened up funding costs and grew lending to nondepository financial institutions.  According to an analysis by S&P Global Market Intelligence, the industry reported aggregate preprovision net revenue of $122.8 billion in the third quarter, its highest level since at least 2012. Those higher revenues were driven by increased net interest income, which rose 13.5% from the prior quarter,…

A new study of consumer fraud sheds light on the most likely scam victims — and it’s not Great Aunt Betsy falling for a romance scam. According to J.D. Power’s 2025 U.S. Financial Protection Satisfaction Study, younger — and ostensibly tech-savvy — customers were more likely to report problems with fraud over the prior year than any other generational cohort. Compared with 29% of surveyed bank customers, 43% of Generation Z customers, or generally those born from 1995 to 2010, reported some type of checking, savings or debit fraud over the prior 12 months. Additionally, 41% said they experienced credit…