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Wells Fargo Coronavirus Relief

Wells Fargo Fires Over 100 Employees for Coronavirus Relief Fraud

Wells Fargo (WFC) fired over 100 employees for allegedly defrauding a coronavirus relief program from the U.S. Small Business Administration (SBA).

Bank Of America to Provide Small-Dollar Short-Term Loans

Bank of America introduced the Balance Assist loan, which provides small-dollar loans to select clients. It offers clients short-term liquidity by lending...
Eric Rosengren Interest Rates

Fed’s Rosengren: Low Interest Rates Damaging Economy

During an Oct. 8 speech, Boston Federal Reserve President Eric Rosengren said that years of low interest rates led to excessive risk-taking...

Chase Bank Joins Trend of Creating Accounts Targeted Toward Kids

Chase Bank launched its Chase First Banking checking account, which is aimed at kids and teens. The checking account provides tools for...
The Bank of England

Bank of England Inquires About Banks’ Readiness for Negative Rates

The Bank of England asked banks on Oct. 12 how ready they were for zero or negative interest rates. It considered last...

Citibank Fined $400 Million Over Banking Errors

The Office of Comptroller of Currency has fined Citibank with $400 million for repeated errors committed by the bank. The civil money...

Quarterly Report: Tariffs and International Trade Agreements, 3rd Quarter 2020

The 3rd quarter tariffs of 2020 affected imports of including aluminum, alcohol, chemicals and tech services. As economies look to reopen with...
Jerome Powell Federal Reserve Economy

Powell Warns of Further Economic Tragedy Amid COVID-19

Federal Reserve Chairman Jerome Powell warned of the rise in COVID-19 infections as a potential cause for the economy to stall at...

Federal Reserve: Share Buy-Back, Dividend Cap Extended Through Q4

The Federal Reserve is extending its ban on Wall Street banks of stock buy-back and capping dividends payments through the end of...

Golden Corral Operator Files for Bankruptcy

The largest operator of Golden Corral, 1069 Restaurant Group LLC, voluntarily filed for Chapter 11 on October 5, in the U.S. Bankruptcy...

Recent Articles

New High Yield Bond Ratings October 12 – October 16, 2020

At least 15 companies received downgrades or revisions on high yield bond ratings during the week of October 12 – October 16,...

New Chapter 11 Filings, Disclosures: October 12 – October 16, 2020

At least three major companies have either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the week of October...
Wells Fargo Coronavirus Relief

Wells Fargo Fires Over 100 Employees for Coronavirus Relief Fraud

Wells Fargo (WFC) fired over 100 employees for allegedly defrauding a coronavirus relief program from the U.S. Small Business Administration (SBA).
electric car

BlackRock Invests in UK Electric Vehicle Startup, Arrival

US funds manager BlackRock Inc. has invested $118 million in electric vehicle startup Arrival Ltd. The investment is the most Arrival has...

COVID-19 and Wildfires Test Mettle of California Wineries

COVID-19 has caused a surge in alcohol-related purchases, but it has also challenged many California wineries, which have had to change the...

Most Popular

MDC Partners Move to Delaware If Shareholders Vote Yes

In paperwork filed with the SEC, MDC Inc. Partners (NASDAQ: MDCA) proposes to move to Delaware. Currently, they are in Canada. If...

COVID-19 Drives Down New Car Sales, Used Car Sales Up

The COVID-19 pandemic has significantly impacted consumers’ behaviors and reduced demand for products and services to date in 2020. Automakers have been...

Wells Fargo Launches Account to Target Young, New Users

Wells Fargo launched its Clear Access Banking account in the first week of September to better their consumer banking experience.

NIBC and Blackstone Amend Offer for Takeover

Today it was announced that the Blackstone Group Inc. and NIBC Bank N.V. have agreed to proceed with the amended recommended all-cash...
Atlanta-based VC firm Valor Ventures announces Vital4 seed funding

Valor Ventures Announces Vital4 Seed Funding

On July 7, Valor Ventures announced their latest investment in Vital4, leading the seed funding round. An Atlanta-based software company, Vital4 provides...