Tag: Banking and credit
Bank CEOs return to testify in front of divided Congress
WASHINGTON — The chief executives of the nation’s largest banks are back in front of Congress, where they are likely to face another round...
HSBC exiting US retail banking to focus on wealth management
NEW YORK — British banking giant HSBC says it is closing its U.S. retail banking business in order to refocus its efforts on wealth...
Saved by online lenders, businesses say they’ll borrow again
NEW YORK — Some small businesses forced to turn to online lenders for pandemic relief are making those niche players a bigger part of...
World Bank allocates $2 billion to fund projects in Sudan
CAIRO — The World Bank said Monday it has allocated $2 billion to cash-stripped Sudan as the transitional government has struggled to address the...
ECB sees elevated risks to financial stability in Europe
FRANKFURT, Germany — The European Central Bank says risks to the stability of companies, banks and financial markets remain “elevated” due to the uneven...
Fed officials in April cautioned about inflation pressures
WASHINGTON — Federal Reserve officials at their April meeting reaffirmed the view that the central bank's ultra-low interest rate remained the best policy approach,...
Leaders hold talks in Paris to revive African economies
PARIS — More than 20 heads of state and government from Africa held talks in Paris with the heads of international organizations Tuesday on...
JPMorgan elevates 2 women to run bank’s biggest division
NEW YORK — JPMorgan Chase will promote two women to jointly manage the bank's consumer finance division — the bank's biggest business by far...
Bank of America to raise minimum wage to $25/hr by 2025
NEW YORK — Bank of America plans to set the minimum wage for all positions at the company to $25 an hour by 2025....
Biden reverses Trump changes to bank antidiscrimination law
NEW YORK — The Biden administration announced Tuesday it would repeal the changes made by the Trump administration to an important law made to...
