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...
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...
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...
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 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).
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...
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...
